As-is Pre-Foreclosure/Short Sale Opportunity - 8143 S Colfax Ave, Chicago, IL 60617 4 Units | 2 Beds / 1 Bath Each | Full Basement | Brick Construction... Calling all investors, house hackers, and FHA 203k buyers... this all-brick 4-unit building in South Shore is your chance to create cash flow with a long-term upside. Each of the four units feature 2 bedrooms and 1 full bathroom, offering flexible rental options in a high-demand area. Whether you're looking to generate immediate rental income, renovate and hold, or occupy one unit while tenants help cover your mortgage, this property delivers value and opportunity from every angle. Perfect for FHA 203k or renovation loan buyers looking to build equity through smart improvements. With some updates, this property could easily yield strong cap rates in a neighborhood surrounded by revitalization efforts. Are you the Savvy investor this property has been searching for!?
Contingent
$425,000
Chicago, IL 60617
8beds
--sqft
Est.:
Multi Family
Built in 1947
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Brick constructionFull basement
- 62 days
- on Zillow |
- 6 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: June 18, 2025 at 03:33pm
Listing courtesy of:
Stephani Jeffery 312-975-6517,
Keller Williams ONEChicago,
Cortney Mines Johnson 773-603-8368,
Keller Williams ONEChicago
Source: MRED as distributed by MLS GRID,MLS#: 12384705
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas
Appliances
- Included: Gas Water Heater
Features
- Basement: Partially Finished,Exterior Entry,Full,Walk-Out Access
Property
Parking
- Total spaces: 4
- Parking features: Off Alley, Alley Access, On Site, Owned
Lot
- Dimensions: 124X49X59X20X51X36
Details
- Parcel number: 21311200310000
- Special conditions: Short Sale,In Foreclosure
- Other equipment: Ceiling Fan(s)
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Block, Concrete Perimeter
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1947
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Green energy
- Energy efficient items: Water Heater
Community & HOA
Community
- Features: Park, Tennis Court(s), Lake, Curbs, Sidewalks, Street Lights, Street Paved
- Security: Carbon Monoxide Detector(s)
Location
- Region: Chicago
Financial & listing details
- Annual tax amount: $2,954
- Date on market: 6/5/2025
- Ownership: Fee Simple
- Loading
