NOT LISTED FOR SALE

8121 S Colfax Ave Chicago, IL 60617

South Chicago Neighborhood
9 Beds
6 Baths
7,344 Sq Ft
5,227 Sq Ft Lot

Last Sold May 05, 2021

Last sale price $360,000 $49 Per Sq Ft

127 Days on Market

About This Home

As of May 2021

- 8.25% In Place Cap Rate - Gross Income (w/ 5% vacancy): $61,081 - NOI: $32,593

Last Agent to Sell the Property

Aaron Sklar

Kiser Group Realty Inc License #475161507 Listed on: 10/26/2020

Co-Listed By

Noah Birk

Kiser Group Realty Inc License #475125864

Last Buyer's Agent

Wole Borokini

Solid Realty Services Inc License #475121422

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,416

Year Built

  • Built in 1929

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 125 x 25

Interior Spaces

  • 3-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Utilities

  • Central Heating
  • Radiator

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $953
  • Fuel Expense $6,738
  • Insurance Expense $2,100
  • Maintenance Expense $1,550
  • Manager Expense $3,054
  • Other Expense $1,500
  • Trash Expense $1,378
  • Water Sewer Expense $5,000
  • Operating Expense $28,489
  • Gross Income $64,296
  • Net Operating Income $32,593

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,416

Year Built

Built in 1929

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1929
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,48-Hr Notice Required
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 9
  • Room: 0

Utilities

  • Heat/Ventilation: Central Bldg Heat,Radiators

Condo/Co-op/Association

  • Manager Expense: 3054

Fee Information

  • Trash Expense: 1378
  • Water Sewer Expenses: 5000

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.12
  • Lot Dimensions: 125 X 25

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 8

Multi Family

  • Net Operating Income: 32593
  • Fuel Expense: 6738
  • Insurance Expense: 2100
  • ElectricExpense: 953
  • GrossIncome: 64296
  • Maintenance Expense: 1550
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 28489
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 3416
  • Tax Year: 2019
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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
05/05/2021 05/05/21 Sold $360,000 0.0% $49 / Sq Ft
03/02/2021 03/02/21 Pending -- -- --
02/11/2021 02/11/21 Price Changed $360,000 -8.9% $49 / Sq Ft
10/26/2020 10/26/20 For Sale $395,000 -- $54 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $5,275 $35,100 $4,219 $30,881
2024 $5,275 $35,100 $4,219 $30,881
2023 $5,142 $25,000 $5,625 $19,375
2022 $5,142 $25,000 $5,625 $19,375
2021 $5,027 $25,000 $5,625 $19,375
2020 $3,295 $14,790 $5,625 $9,165
2019 $3,416 $17,001 $5,625 $11,376
2018 $3,358 $17,001 $5,625 $11,376
2017 $5,342 $24,817 $5,062 $19,755
2016 $5,373 $26,826 $5,062 $21,764
2015 $4,916 $26,826 $5,062 $21,764
2014 $4,546 $24,500 $3,937 $20,563
2013 $4,790 $26,336 $3,937 $22,399
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2021

    Aaron Sklar

    Kiser Group Realty Inc

    Section Image

  • N

    Seller Co-Listing Agent in 2021

    Noah Birk

    Kiser Group Realty Inc

    Section Image

  • W

    Buyer's Agent in 2021

    Wole Borokini

    Solid Realty Services Inc

    (312) 659-9742

    3 in this area

    12 Total Sales

    Wole Borokini
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10917915

Midwest Real Estate Data (MRED)

APN: 21311200050000

Illinois Cook County Chicago 60617 South Chicago

8121 S Colfax Ave, Chicago, IL

Not Listed for Sale

MultiFamily

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.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. 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.
Based on information submitted to the MLS GRID

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