NOT LISTED FOR SALE

7748 S Colfax Ave Chicago, IL 60649

South Shore Neighborhood
21 Beds
12 Baths
-- Sq Ft
1922 Built

Last Sold February 23, 2018

Last sale price $520,000

60 Days on Market

About This Home

As of February 2018

14.90% Cap rate. Turnkey investment opportunity located in the South Shore neighborhood of Chicago walking distance to Rainbow Beach and two Metra train stations (Windsor Park & Cheltenham). This trophy property offers tenants modern kitchens with granite counter-tops and stainless steel appliances. The bathrooms have been completely remodeled with the master bathrooms offering granite topped double vanity sinks and modern tile flooring. Each unit features: tenant paid central heat and AC, updated bathrooms, newer wooden rear staircase, new copper plumbing, new electrical and updated vinyl windows. The basement contains on-site laundry hookups and a seventh one bedroom (non-conforming) apartment that requires rehab. To the back of the site, there is a six-car garage. This property could be purchased as a package deal with 7734-7736 S Kingston Ave. Contact listing agent for additional information.

Last Agent to Sell the Property

Steven Rapoport

Chicago Real Estate Resources License #471006648 Listed on: 12/01/2017

Last Buyer's Agent

Keith Hatzfeld

Homeriver Illinois LLC License #471022814

Property Details

Home Type

  • Multi-Family

Year Built

  • 1922

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Utilities

  • Central Air

Listing and Financial Details

  • Tenant pays for air conditioning, electric, heat

Property Details

Home Type

Multi-Family

Year Built

1922

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Ownership Type: Land Trust
  • Potential Use: Residential-Multi-Family
  • Zoning Type: MULTI
  • Estimated Age: New Rehab
  • Net Oper Income: 80307
  • Total Annual Exp: 22833
  • Total Annual Income: 109200
  • Total Monthly Income: 9100
  • Number Of Stories: 3
  • Estimated Year Built: 1922
  • Type Multi Family: Flats
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1922

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Construction: Brick
  • Frontage Access: City Street

Garage/Parking

  • Indoor Parking: 6-12 Spaces
  • Number Of Parking Spaces: 6

Utilities

  • Air Conditioner: Central Air
  • Heatventilation: Forced Air, Gas, Separate Per Unit

Condo/Co-op/Association

  • Units in Building: 6

Lot Info

  • Lot Dimensions: 50X125
  • Lot Sq Ft: 7440
  • Parcel Identification Number: 21303210260000

Rental Info

  • Gross Rental Income: 109200
  • Tenant Pays: Air Conditioning, Electric, Heat

Tax Info

  • Taxes: 7046

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/23/2018 02/23/18 Sold $520,000 -3.5% --
01/30/2018 01/30/18 Pending -- -- --
12/01/2017 12/01/17 For Sale $539,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Steven Rapoport

    Seller's Agent in 2018

    Steven Rapoport

    Chicago Real Estate Resources

    (847) 863-2707

    27 Total Sales

    Steven Rapoport
    Section Image
  • Keith Hatzfeld

    Buyer's Agent in 2018

    Keith Hatzfeld

    Homeriver Illinois LLC

    (815) 260-6066

    2 in this area

    136 Total Sales

    Keith Hatzfeld
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09810194

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60649 South Shore

7748 S Colfax Ave, Chicago, IL

This home is located at 7748 S Colfax Ave, Chicago, IL 60649 since 01 December 2017. This property was built in 1922. 7748 S Colfax Ave is a home located in Cook County with nearby schools including Bradwell Community Arts & Sci Elementary School and Great Lakes Academy.

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