NOT LISTED FOR SALE

8631 S Colfax Ave Chicago, IL 60617

South Chicago Neighborhood

Estimated Value: $271,000 - $334,000

6 Beds
2 Baths
2,208 Sq Ft
$132/Sq Ft Est. Value

Sale Details

Date Sold: September 3, 2021

Last sale price $245,000 $111 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $1,740 / mo

9 Days on Market

Highlights

  • Ranch Style House
  • 2 Car Detached Garage
  • Ceiling Fan
  • First Floor Utility Room

About This Home

As of September 2021

Turn key well maintained property with two 3 bedroom 1 bath units. Basement is unfinished but ready to be framed up to be converted into additional unit or duplex down the 1st floor unit. All this in hot South Chicago!!! Purchase as an owner occupant and make money while paying your mortgage or own it as an investor and count your dividends!!! Nothing left to do but move in!!!

Last Agent to Sell the Property

Marquis Tolbert

Jean Pierre Realty Int'l License #471019667 Listed on: 07/11/2021

Last Buyer's Agent

Pamela Brown

Baird & Warner License #471023130

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,516

Year Built

  • Built in 1947

Lot Details

  • 4,138

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Parking Space is Owned

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • First Floor Utility Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 2 Bathrooms

Utilities

  • Radiator
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,516

Year Built

Built in 1947

Lot Details

4,138 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Year Built: 1947
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 6
  • Other Equipment: Ceiling Fan(s)
  • Room Type: Utility Room-1st Floor
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Radiator(s)
  • Water Source: Lake Michigan

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 4125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 2515.54
  • Tax Year: 2019
  • Tax Exemptions: None

Multi Family

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

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

Closed on
Feb 4, 2022
Sold by
Bought by
Current Estimated Value
$289,616

Purchase Details

Listed on
Jul 11, 2021
Closed on
Sep 2, 2021
Sold by
Bought by
Seller's Agent
Marquis Tolbert
Jean Pierre Realty Int'l
Buyer's Agent
Pamela Brown
Baird & Warner
List Price
$245,000
Sold Price
$245,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.59%
Original Mortgage
$240,562
Interest Rate
0.0375%
Mortgage Type
FHA

Purchase Details

Listed on
Jun 11, 2014
Closed on
Sep 26, 2014
Sold by
Bought by
Seller's Agent
Harriett Martin
Berkshire Hathaway HomeServices Starck Real Estate
Buyer's Agent
Harriett Martin
Berkshire Hathaway HomeServices Starck Real Estate
List Price
$175,000
Sold Price
$170,000
Premium/Discount to List
-$5,000
-2.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.41%
Original Mortgage
$166,920
Interest Rate
0.0423%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 1, 2014
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
$73,000
Interest Rate
0.0441%
Mortgage Type
Unknown

Purchase Details

Closed on
May 2, 2000
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

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
-- --
$245,000 Stewart Title
$170,000 Cti
$75,000 None Available
-- --
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
Closed $240,562
Closed $166,920
Closed $73,000
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 Prior Sale
09/03/2021 09/03/21 Sold $245,000 0.0% $111 / Sq Ft
07/21/2021 07/21/21 Pending -- -- --
07/11/2021 07/11/21 For Sale $245,000 +44.1% $111 / Sq Ft
09/26/2014 09/26/14 Sold $170,000 -2.9% $77 / Sq Ft View Prior Sale
08/28/2014 08/28/14 Pending -- -- --
06/10/2014 06/10/14 For Sale $175,000 -- $79 / Sq Ft
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 $2,110 $21,900 $3,094 $18,806
2024 $2,110 $21,900 $3,094 $18,806
2023 $2,057 $10,000 $4,125 $5,875
2022 $2,057 $10,000 $4,125 $5,875
2021 $1,341 $10,000 $4,125 $5,875
2020 $2,507 $14,355 $4,125 $10,230
2019 $2,516 $15,950 $4,125 $11,825
2018 $2,472 $15,950 $4,125 $11,825
2017 $2,933 $17,000 $3,712 $13,288
2016 $3,405 $17,000 $3,712 $13,288
2015 $3,115 $17,000 $3,712 $13,288
2014 $3,261 $20,142 $2,887 $17,255
2013 $3,185 $20,142 $2,887 $17,255
Source: Public Records

Agents Affiliated with this Home

  • Marquis Tolbert

    Seller's Agent in 2021

    Marquis Tolbert

    Jean Pierre Realty Int'l

    (773) 715-9563

    3 in this area

    52 Total Sales

    Marquis Tolbert
    Section Image
  • Pamela Brown

    Buyer's Agent in 2021

    Pamela Brown

    Baird & Warner

    (773) 653-0881

    6 in this area

    97 Total Sales

    Pamela Brown
    Section Image

  • H

    Seller's Agent in 2014

    Harriett Martin

    Berkshire Hathaway HomeServices Starck Real Estate

    Harriett Martin
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11152307

Midwest Real Estate Data (MRED)

APN: 21-31-328-039-0000

Illinois Cook County Chicago 60617 South Chicago

8631 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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