NOT LISTED FOR SALE

8650 S Colfax Ave Chicago, IL 60617

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

Last Sold January 31, 2019

Last sale price $162,005

11 Days on Market

About This Home

As of January 2019

Impressive corner lot brick two-flat in South Shore ready for the next owner! The first floor unit is rented for $1100 a month and the second floor unit is move-in ready. Plenty of upgrades throughout - refinished hardwood floors, updated vinyl windows, updated electrical, furnaces, and hot water tanks. 42 inch cabinets in the kitchen. Newer tile floors in the kitchen and baths. Property also has a large unfinished basement and a detached garage. This is a great opportunity for an owner occupant or investor buyer.

Last Agent to Sell the Property

Keith Hatzfeld

Homeriver Illinois LLC License #471022814 Listed on: 11/29/2018

Last Buyer's Agent

Carl Snell

HomeSmart Connect LLC License #475173719

HomeSmart Connect LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,431

Year Built

  • Built in 1923 | Remodeled in 2013

Lot Details

  • 4,356 Sq Ft Lot

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 2 Bathrooms

Schools

  • Thomas Jefferson Elementary Scho
  • Douglass Junior High School Acad
  • Las Casas Occupational Senior Hi High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • Gross Income $1,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,431

Year Built

Built in 1923 | Remodeled in 2013

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1923
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2013
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2013

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 6
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Frame,Masonite

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Schools

  • Elementary School: THOMAS JEFFERSON ELEMENTARY SCHO
  • High School: LAS CASAS OCCUPATIONAL SENIOR HI
  • Middle/Junior School: DOUGLASS JUNIOR HIGH SCHOOL ACAD

Lot Info

  • Lot Size Acres: 0.1
  • Lot Dimensions: 4687
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Multi Family

  • GrossIncome: 1100
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Story Unit/s

Tax Info

  • Tax Annual Amount: 3431
  • Tax Year: 2016
  • Tax Exemptions: None

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/31/2019 01/31/19 Sold $162,005 -4.6% --
12/10/2018 12/10/18 Pending -- -- --
11/29/2018 11/29/18 For Sale $169,900 +21.4% --
04/26/2013 04/26/13 Sold $140,000 -8.2% -- View Prior Sale
04/11/2013 04/11/13 For Sale $152,500 +265.7% --
09/26/2012 09/26/12 Sold $41,699 -2.6% -- View Prior Sale
06/30/2012 06/30/12 Pending -- -- --
06/28/2012 06/28/12 Price Changed $42,800 -7.0% --
06/01/2012 06/01/12 For Sale $46,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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 $3,587 $19,600 $3,515 $16,085
2024 $3,587 $19,600 $3,515 $16,085
2023 $3,497 $17,000 $4,687 $12,313
2022 $3,497 $17,000 $4,687 $12,313
2021 $3,419 $17,000 $4,687 $12,313
2020 $2,430 $10,908 $4,687 $6,221
2019 $2,519 $12,538 $4,687 $7,851
2018 $2,477 $12,538 $4,687 $7,851
2017 $3,547 $16,479 $4,218 $12,261
2016 $3,431 $17,130 $4,218 $12,912
2015 $3,139 $17,130 $4,218 $12,912
2014 $3,290 $17,733 $3,280 $14,453
2013 $2,747 $17,733 $3,280 $14,453
Source: Public Records

Agents Affiliated with this Home

  • Keith Hatzfeld

    Seller's Agent in 2019

    Keith Hatzfeld

    Homeriver Illinois LLC

    (815) 260-6066

    4 in this area

    133 Total Sales

    Keith Hatzfeld
    Section Image

  • C

    Buyer's Agent in 2019

    Carl Snell

    HomeSmart Connect LLC

    (708) 834-3617

    36 Total Sales

    Carl Snell
    Section Image
  • Sunny Lamba

    Seller's Agent in 2013

    Sunny Lamba

    Publix Realty, Inc.

    (773) 780-7717

    5 in this area

    113 Total Sales

    Sunny Lamba
    Section Image

  • N

    Buyer's Agent in 2013

    Non Member

    NON MEMBER

  • C

    Seller's Agent in 2012

    Cheryl Rabin

    Realhome Services & Solutions, Inc.

    (770) 612-7326

    327 Total Sales

    Cheryl Rabin
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10146459

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

8650 S Colfax Ave, Chicago, IL

Not Listed for Sale

MultiFamily

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