George Ayling
Select a Fee RE System
(708) 859-7153
206 Total Sales
2 in South Shore
$412K - $740K Price Range
7831 S Colfax Ave Chicago, IL 60649
South Shore Neighborhood
--
Bed
--
Bath
--
Sq Ft
1915
Built
About This Home
As of February 2026Stunning 8-Unit Gem in South Shore! Just a few blocks from beautiful Lake Michigan, this fully occupied 8-unit building offers an incredible opportunity in one of Chicago's most vibrant neighborhoods. Featuring all-new electric, plumbing, and HVAC, plus a newer roof with skylight and two brand-new rear porches. All city violations have been cleared and title is clean.Each unit showcases spacious layouts with hardwood floors, ceramic tile kitchens and baths, and fire-rated unit doors for added safety. The building includes six oversized 3-bed/1-bath units with formal dining and living rooms, one large 2-bed/1-bath garden unit, and one 1-bed/1-bath garden unit-all generously sized. The property is fully occupied with clean, responsible tenants, and all tenants pay their own utilities. Current rents are well below market value, creating a prime value-add opportunity for investors. Whether you're seeking strong cash flow now or long-term upside through rent growth, this South Shore gem delivers both. Easy to Show - Show with Confidence!
Last Agent to Sell the Property
Manage Chicago, Inc. License #475207620 Listed on: 09/08/2025
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,000
Year Built
- Built in 1915
Home Design
- Cluster Home
Interior Spaces
- 4-Story Property
Utilities
- Forced Air Heating System
- Heating System Uses Gas
Listing and Financial Details
- Tenant pays for electricity, heat, hot water
Community Details
Overview
- 8 Units
Building Details
- Electric Expense $1,200
- Insurance Expense $6,000
- Maintenance Expense $2,000
- Other Expense $1,000
- Trash Expense $6,188
- Water Sewer Expense $4,800
- Operating Expense $24,188
- Gross Income $88,200
Home Values in the Area
Average Home Value in this Area
Agents Specializing in South Shore, IL
-
George Ayling
-
Oscar Arteaga
Oscar Arteaga
Keller Williams Infinity
(773) 694-4311
77 Total Sales
2 in South Shore
$75K - $195K Price Range
-
Daisy Neal
Daisy Neal
Daisy Neal
(877) 894-6002
20 Total Sales
1 in South Shore
$92,500 Price
-
Danny Ross
Danny Ross
HomeSmart Connect LLC
(224) 803-3213
84 Total Sales
1 in South Shore
$95,000 Price
-
Carolyn Moore-Washington
Carolyn Moore-Washington
Coldwell Banker Realty
(708) 572-3115
102 Total Sales
3 in South Shore
$40K - $358K Price Range
-
Angela Walker
Angela Walker
Angela Walker Homes Real Estate Group
(708) 300-9563
151 Total Sales
1 in South Shore
$394,900 Price
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/27/2026 02/27/26 | Sold | $445,000 | -19.1% | -- |
| 11/14/2025 11/14/25 | Pending | -- | -- | -- |
| 10/30/2025 10/30/25 | Price Changed | $550,000 | -1.8% | -- |
| 10/14/2025 10/14/25 | Price Changed | $560,000 | -1.8% | -- |
| 10/06/2025 10/06/25 | Price Changed | $570,000 | -2.6% | -- |
| 09/26/2025 09/26/25 | Price Changed | $585,000 | -6.4% | -- |
| 09/08/2025 09/08/25 | For Sale | $625,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Agents Affiliated with this Home
-
Damaris Santiago
D
Seller's Agent in 2026
Damaris Santiago
Manage Chicago, Inc.
(708) 788-1900
1 in this area
17 Total Sales
-
Chris Amatore
Seller Co-Listing Agent in 2026
Chris Amatore
Manage Chicago, Inc.
(773) 449-5151
1 in this area
66 Total Sales
-
Kevin Little
Buyer's Agent in 2026
Kevin Little
@ Properties
(248) 310-2884
4 in this area
75 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12466306
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
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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