Incredible investment opportunity in the heart of South Chicago! This solid brick 4-unit building features a total of 12 bedrooms and 5 bathrooms, offering an excellent rental income potential. Each spacious unit is equipped with stove and refrigerator, and includes separately metered gas and electric, making management more efficient. Full finished basement offers additional space and flexibility. Tenants are currently month-to-month, making this an ideal option for both investors and owner-occupants looking to house hack. The property also includes 4 exterior parking spaces in the rear and is situated on a generous 124.7 x 46 ft. lot. Conveniently located near parks, schools, public transit, and local amenities. With low taxes and strong rental income, this is a must-see property in a growing area. Don't miss this chance to build equity and secure consistent cash flow.
New
$469,900
8239 S Colfax Ave, Chicago, IL 60617
12beds
--sqft
Est.:
Multi Family
Built in 1922
-- sqft lot
$462,700 Zestimate®
$--/sqft
$-- HOA
What's special
Full finished basement
- 19 hours
- on Zillow |
- 47 |
- 2 |
Zillow last checked: 7 hours ago
Listing updated: 8 hours ago
Listing courtesy of:
Joe Castillo 773-767-1616,
RE/MAX MI CASA,
Jose Martinez 773-964-5661,
RE/MAX MI CASA
Source: MRED as distributed by MLS GRID,MLS#: 12434582

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Natural Gas, Forced Air
Features
- Basement: Finished,Full
Property
Parking
- Total spaces: 4
- Parking features: Garage Faces Side, On Site, Owned
- Has garage: Yes
Lot
- Size: 5,750 Square Feet
- Dimensions: 125X46
Details
- Parcel number: 21311270470000
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
- Year built: 1922
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Chicago
Financial & listing details
- Annual tax amount: $2,532
- Date on market: 8/5/2025
- Ownership: Fee Simple
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