NOT LISTED FOR SALE

8346 S Colfax Ave Chicago, IL 60617

South Chicago Neighborhood
5 Beds
2 Baths
-- Sq Ft
4,356 Sq Ft Lot

Sale Details

Date Sold: July 30, 2021

Last sale price $120,000

249 Days on Market

About This Home

As of July 2021

Great opportunity for investors or live in landlord! This fully rented 2 flat has been recently remodeled and generates $2100/monthly gross. 1st floor CHA pays $812, tenant portion $163. 2nd floor CHA pays $654, Tenant portion $471. Turn key operation! *At this time, 1st floor & basement viewing only.

Last Agent to Sell the Property

Kuchambi Myhand

Manage Chicago, Inc. License #475172804 Listed on: 10/03/2020

Co-Listed By

Leon Ivy

Manage Chicago, Inc. License #471010315

Last Buyer's Agent

Richard Lewis

Double R Realty LLC License #471022717

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,238

Year Built

  • Built in 1927 | Remodeled in 2016

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 37.5x125

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 2 Full Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 2 Units
  • Gross Income $25,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,238

Year Built

Built in 1927 | Remodeled in 2016

Lot Details

4,356 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1927
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2016
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2016

Interior Features

  • Basement: Full
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 5
  • Basement Description: Finished
  • Below Grade Bedrooms: 0

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Aluminum Siding,Vinyl Siding,Steel Siding

Garage/Parking

  • Number of Cars: 0
  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Lot Info

  • Lot Size Acres: 0.1
  • Lot Dimensions: 37.5X125
  • Zoning: MULTI
  • Lot Size: .50-.99 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Multi Family

  • GrossIncome: 25200
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 2238.15
  • Tax Year: 2019
  • Tax Exemptions: None

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2020
Closed on
Jul 21, 2021
Sold by
Bought by
Seller's Agent
Kuchambi Myhand
Manage Chicago, Inc.
Buyer's Agent
Richard Lewis
Double R Realty LLC
List Price
$120,000
Sold Price
$120,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,826
Interest Rate
0.035%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 14, 2013
Sold by
Bought by

Purchase Details

Closed on
May 15, 2013
Sold by
Bought by

Purchase Details

Closed on
May 3, 2011
Sold by
Bought by

Purchase Details

Closed on
Mar 20, 2009
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
0.0485%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 10, 2008
Sold by
Bought by

Purchase Details

Closed on
Aug 6, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$610,000
Interest Rate
0.065%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 1, 2008
Sold by
Bought by

Purchase Details

Closed on
May 14, 2007
Sold by
Bought by

Purchase Details

Closed on
May 11, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
0.0845%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 17, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
0.077%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 13, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
0.077%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 7, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
0.077%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 15, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,250
Interest Rate
0.076%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 13, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
0.0762%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 30, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
0.085%
Mortgage Type
Commercial

Purchase Details

Closed on
May 23, 1998
Sold by
Bought by

Purchase Details

Closed on
Feb 21, 1997
Sold by
Bought by

Purchase Details

Closed on
Dec 16, 1995
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase 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 Buyer Sale Price Title Company
$120,000 Truly Title Inc
$15,500 First American Title
-- None Available
$23,500 First American
$160,000 None Available
$69,000 None Available
-- Old Republic National Title
$63,000 First American Title
-- None Available
$280,000 None Available
$195,000 First American Title Ins Co
$100,000 First American Title
-- --
$185,000 First American Title Ins Co
$180,000 Chicago Title Insurance Comp
$130,000 --
-- --
-- Nations Title Agency
-- --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $117,826
Previous Owner $128,000
Previous Owner $610,000
Previous Owner $224,000
Previous Owner $156,000
Previous Owner $157,250
Previous Owner $171,000
Previous Owner $117,000
Source: Public Records

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
07/30/2021 07/30/21 Sold $120,000 0.0% --
06/09/2021 06/09/21 Pending -- -- --
05/03/2021 05/03/21 For Sale $120,000 0.0% --
02/09/2021 02/09/21 Off Market $120,000 -- --
10/03/2020 10/03/20 For Sale $120,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax 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.

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 $2,321 $13,600 $3,515 $10,085
2024 $2,321 $13,600 $3,515 $10,085
2023 $2,263 $11,000 $4,687 $6,313
2022 $2,263 $11,000 $4,687 $6,313
2021 $2,212 $11,000 $4,687 $6,313
2020 $2,159 $9,691 $4,687 $5,004
2019 $2,238 $11,140 $4,687 $6,453
2018 $2,201 $11,140 $4,687 $6,453
2017 $2,817 $13,088 $4,218 $8,870
2016 $3,017 $15,064 $4,218 $10,846
2015 $2,760 $15,064 $4,218 $10,846
2014 $2,336 $12,590 $3,280 $9,310
2013 $2,290 $12,590 $3,280 $9,310
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2021

    Kuchambi Myhand

    Manage Chicago, Inc.

    (773) 449-5151

    4 in this area

    18 Total Sales

    Kuchambi Myhand
    Section Image
  • Leon Ivy

    Seller Co-Listing Agent in 2021

    Leon Ivy

    Manage Chicago, Inc.

    (773) 708-7331

    7 in this area

    25 Total Sales

    Leon Ivy
    Section Image
  • Richard Lewis

    Buyer's Agent in 2021

    Richard Lewis

    Double R Realty LLC

    (224) 214-2903

    67 Total Sales

    Richard Lewis
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10890920

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60617 South Chicago

8346 S Colfax Ave, Chicago, IL

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) 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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