7721 S Colfax Ave Chicago, IL 60649
South Shore NeighborhoodEstimated payment $4,544/month
About This Home
7721 S Colfax Avenue is an 9-unit multifamily building strategically located in South Shore, offering investors strong cash flow potential in a supply-constrained Chicago market. The property provides an opportunity to acquire a multifamily asset with immediate income generating capabilities.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,919
Year Built
- Built in 1910
Additional Features
- 4-Story Property
- Lot Dimensions are 25x150
- Heating System Uses Gas
Community Details
Overview
- 9 Units
Building Details
- Electric Expense $1,284
- Fuel Expense $2,983
- Insurance Expense $8,500
- Maintenance Expense $5,000
- Other Expense $5,000
- Trash Expense $2,515
- Water Sewer Expense $6,280
- Operating Expense $48,098
- Gross Income $133,380
- Net Operating Income $85,282
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,000 | $64,101 | $10,438 | $53,663 |
| 2024 | $9,000 | $64,101 | $10,438 | $53,663 |
| 2023 | $8,742 | $42,503 | $7,515 | $34,988 |
| 2022 | $8,742 | $42,503 | $7,515 | $34,988 |
| 2021 | $8,547 | $42,502 | $7,515 | $34,987 |
| 2020 | $9,134 | $41,000 | $7,515 | $33,485 |
| 2019 | $8,237 | $41,000 | $7,515 | $33,485 |
| 2018 | $9,524 | $48,217 | $7,515 | $40,702 |
| 2017 | $9,546 | $44,345 | $6,262 | $38,083 |
| 2016 | $8,882 | $44,345 | $6,262 | $38,083 |
| 2015 | $2,829 | $15,440 | $6,262 | $9,178 |
| 2014 | $1,855 | $10,000 | $6,262 | $3,738 |
| 2013 | $8,411 | $46,248 | $6,262 | $39,986 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/21/2026 04/21/26 | For Sale | $650,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12625339
APN: 21303220070000
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Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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- 7724 S Essex Ave
- 7833 S Kingston Ave
- 7826 S Marquette Ave
- 7839 S Kingston Ave
- 7611 S Essex Ave
- 7754 S Burnham Ave
- 7741 S Phillips Ave
- 7628 S Essex Ave Unit 1N
- 7601 S Essex Ave Unit 2
- 7751 S Phillips Ave
- 7641 S Phillips Ave
- 7544 S Saginaw Ave
- 7637 S Phillips Ave
- 7843 S Marquette Ave
- 7847 S Essex Ave
- 7821 S Phillips Ave
- 7737 S Kingston Ave Unit 3N
- 7743 S Kingston Ave
- 2542 E 78th St
- 2540 E 78th St
- 7759 S Kingston Ave
- 7637 S Kingston Ave Unit 2
- 7729 S Essex Ave
- 7729 S Essex Ave Unit 2
- 7617 S Colfax Ave Unit 103
- 7617 S Kingston Ave Unit 1A
- 7615 S Kingston Ave Unit 2
- 2704 E 77th St Unit 2
- 7608 S Saginaw Ave
- 7831 S Kingston Ave Unit 2
- 7637 S Essex Ave Unit 2
- 7601 S Kingston Ave
- 2707 E 78th St Unit 2W
- 2444 E 78th St Unit 3
- 7600 S Marquette Ave Unit 1
- 7800 S Burnham Ave Unit 1
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