NOT LISTED FOR SALE

8606 S Colfax Ave Chicago, IL 60617

South Chicago Neighborhood

Estimated Value: $123,000 - $192,000

3 Beds
2 Baths
956 Sq Ft
$153/Sq Ft Est. Value

Sale Details

Date Sold: November 21, 2023

Last sale price $111,000 $116 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $904 / mo

132 Days on Market

Highlights

  • Contemporary Architecture
  • Formal Dining Room
  • 1-Story Property
  • Wood Flooring
  • Stamped Concrete Patio
  • Forced Air Heating System

About This Home

As of November 2023

Excellent starter investment or owner occupant home. The property features new exterior fascia and new gutters as of September 2022. This property is the perfect opportunity for either; an owner occupant, or a new or experienced investor to buy a turnkey rental property with a great tenant already in place. Earn instant cash flow by purchasing an investment property that it already generating income the second you close. This property has a long term (10 years +), conscientious, Section 8 lease tenant and voucher holder ($1,253.00 per month total rent) through September 2023 who wants to stay and renew their lease. The back yard has a parking pad for two cars that could easily be built out or converted into a garage parking area. Being sold as is, and short notice showings might be possible (although 48 hours notice is definitely preferred). Schedule to see this one as soon as possible.

Last Agent to Sell the Property

Christopher Thomas

EXIT Strategy Realty License #471009720 Listed on: 05/27/2023

EXIT Strategy Realty

Last Buyer's Agent

Yasir Malik

Kairos Brokerage LLC License #475183819

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,307

Year Built

  • Built in 1914

Lot Details

  • 3,746 Sq Ft Lot
  • Lot Dimensions are 30 x 125
  • Paved or Partially Paved Lot

Home Design

  • Contemporary Architecture
  • Asphalt Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 956 Sq Ft Home
  • 1-Story Property
  • Formal Dining Room
  • Range

Flooring

  • Wood
  • Partially Carpeted

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 5 Potential Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Gas Dryer Hookup

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom
  • Basement Storage

Parking

  • 2 Parking Spaces
  • Side or Rear Entrance to Parking
  • Uncovered Parking
  • Off Alley Parking
  • Parking Included in Price

Outdoor Features

  • Stamped Concrete Patio

Utilities

  • One Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,307

Year Built

Built in 1914

Lot Details

3,746 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • ArchitecturalStyle: Contemporary
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Year Built: 1914
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range
  • Basement: Full
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Hardwood Floors, First Floor Bedroom, Some Wall-To-Wall Cp
  • LivingArea: 956
  • Room Type: Bedroom 5
  • Estimated Total Finished Sq Ft: 1434
  • Basement Description: Partially Finished,Storage Space
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 2
  • Dining Room: Separate
  • Total Sq Ft: 1434
  • ResoLivingAreaSource: Assessor

Exterior Features

  • ExteriorFeatures: Stamped Concrete Patio
  • Foundation Details: Concrete Perimeter
  • Lot Features: None
  • OtherStructures: None
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Parking Features: Off Alley, Rear/Side Entry
  • ParkingTotal: 2
  • Number of Cars: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Cooling: Window/Wall Unit - 1
  • Heating: Natural Gas, Forced Air
  • Laundry Features: Gas Dryer Hookup, In Unit
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.086
  • Lot Dimensions: 30 X 125
  • Rural (Y/N): N
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 1307.12
  • Tax Year: 2021
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2023
Closed on
Nov 3, 2023
Sold by
Eaj Properties Llc
Bought by
Kalupur Llc
Seller's Agent
Christopher Thomas
EXIT Strategy Realty
Buyer's Agent
Yasir Malik
Kairos Brokerage LLC
List Price
$109,900
Sold Price
$111,000
Premium/Discount to List
$1,100
1%
Views
157
Current Estimated Value
$145,985

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,985
Avg. Annual Appreciation
11.53%

Purchase Details

Closed on
Oct 4, 2016
Sold by
Kenney John
Bought by
Eaj Propertes Llc

Purchase Details

Closed on
Jul 15, 2014
Sold by
Eaj Properties Llc
Bought by
Kenney John

Purchase Details

Closed on
Jul 11, 2006
Sold by
Kenney John B and Kenney Gregory Elijah
Bought by
Eaj Properties Llc

Purchase Details

Closed on
May 19, 2005
Sold by
Chicago Title Land Trust Co
Bought by
Kenney John B and Kenney Gregory Elijah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,000
Interest Rate
5.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 29, 2004
Sold by
Tcif Reo2 Llc
Bought by
Cole Taylor Bk & Tr Co Tr #01-041191

Purchase Details

Closed on
Jan 15, 2004
Sold by
Wright Norma
Bought by
Gmac Mortgage Corp

Purchase Details

Closed on
Jan 21, 1997
Sold by
Wright Yolanda
Bought by
Wright Norma
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
Kalupur Llc $111,000 None Listed On Document
Eaj Propertes Llc -- None Available
Kenney John -- None Available
Eaj Properties Llc -- None Available
Kenney John B $142,500 Ticor
Cole Taylor Bk & Tr Co Tr #01-041191 $62,000 Rtc
Tcif Reo2 Llc -- Rtc
Gmac Mortgage Corp -- --
Wright Norma -- Montgomery Home Title
Wright Yolanda -- Montgomery Home Title
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
Previous Owner Kenney John B $114,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/21/2023 11/21/23 Sold $111,000 +1.0% $116 / Sq Ft
10/07/2023 10/07/23 Pending -- -- --
05/27/2023 05/27/23 For Sale $109,900 -- $115 / 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 $1,371 $6,701 $2,813 $3,888
2024 $1,371 $6,701 $2,813 $3,888
2023 $1,337 $6,500 $3,750 $2,750
2022 $1,337 $6,500 $3,750 $2,750
2021 $1,307 $6,500 $3,750 $2,750
2020 $1,875 $8,415 $3,750 $4,665
2019 $1,879 $9,351 $3,750 $5,601
2018 $1,847 $9,351 $3,750 $5,601
2017 $2,064 $9,589 $3,375 $6,214
2016 $1,921 $9,589 $3,375 $6,214
2015 $1,757 $9,589 $3,375 $6,214
2014 $1,511 $8,142 $2,625 $5,517
2013 $1,481 $8,142 $2,625 $5,517
Source: Public Records

Agents Affiliated with this Home

  • Christopher Thomas

    Seller's Agent in 2023

    Christopher Thomas

    EXIT Strategy Realty

    (773) 770-5947

    1 in this area

    15 Total Sales

    Christopher Thomas
    Section Image

  • Y

    Buyer's Agent in 2023

    Yasir Malik

    Kairos Brokerage LLC

    (312) 937-8298

    1 in this area

    40 Total Sales

    Yasir Malik
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11793541

Midwest Real Estate Data (MRED)

APN: 21-31-327-023-0000

Illinois Cook County Chicago 60617 South Chicago

8606 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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