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  • $415,188

    7436 S Colfax Ave, Chicago, IL 60649

    8beds
    --sqft
    Multi Family
    Built in 1920
    -- sqft lot
    $437,600 Zestimate®
    $--/sqft
    $1,530 Estimated rent

    What's special

    Seize a prime investment opportunity in Chicago's historic South Shore neighborhood with this large, beautiful 3-flat building, minutes from the lakefront and the anticipated Obama Presidential Center. Ideal for investors or first-time home buyers looking to occupy one unit and rent the others, this property combines functionality with potential. The building features huge units equipped with stainless steel appliances, with the top two boasting granite countertops and tile backsplashes, blending practicality with style. High quality, low maintenance and modern touches make it an excellent investment. Separate utilities for heating and electricity ensure ease of management and individual cost control. The potential to duplex the first floor with basement offers additional versatility for enhancing living space or capture additional rental income. With attractive financing options, including new loan programs with as little as 5% down and grants for first-time homebuyers, ownership is within reach. Priced to sell, this property is a smart choice for those looking to invest in a neighborhood known for its community spirit and historical value. Don't miss your chance to own in South Shore!!

    Zillow last checked: 7 hours ago

    Listing updated: May 17, 2024 at 04:11pm

    Listing courtesy of:

    Amir Abed 312-939-5253,

    Kale Realty

    Bought with:

    Maria Dulce Ramos

    Chicago Sweet Homes Realty Inc

    Source: MRED as distributed by MLS GRID,MLS#: 12006879MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Natural Gas
    Features
    • Basement: Full

    Property

    Lot
    • Size: 3,978 sqft
    • Dimensions: 34 X 117
    Details
    • Parcel number: 21301180120000
    • Zoning: MULTI
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick
    Condition
    • New construction: No
    • Year built: 1920
    • Major remodel year: 2017

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Lake Michigan

    Community & neighborhood

    Location
    • Region: Chicago

    Other

    Other facts
    • Listing terms: Other
    • Ownership: Fee Simple
    Services availability
    Get pre-qualified for a loan
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    An equal housing lender. NMLS #10287.

    Sell for more on Zillow

    Get a free Zillow Showcase℠ listing and you could sell for .

    $437,600
    2% more+ $8,752
    With Zillow Showcase(estimated)
    $446,352