$379,000

8143 S Colfax Avenue, Chicago, IL 60617

  • 8 beds |
  • 4 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1947
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Price Improvement! 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!?

Listing Status:
Active
Listing Office:
Keller Williams ONEChicago : 312-975-6517
Listing Agent:
Stephani Jeffery : 312-975-6517
MLS ID:
12478508
  • Basement: Partially FinishedExterior EntryFullWalk-Out Access
  • Heating: Natural Gas
  • Eco/Green Feature: Water Heater
  • Parking: Off AlleyAlley AccessOn SiteOwnedParking spaces: 4
  • Roofing: Asphalt
  • General: BlockConcrete Perimeter
  • HOA Amenities: ParkTennis Court(s)LakeCurbsSidewalksStreet LightsStreet Paved
  • Originating MLS: mred
  • School District: 299
  • County: Cook
  • Zoning: 21311200310000
  • Water: Public
  • Sewer: Public Sewer
  • Source: mred
  • Ownership: Fee Simple

This listing courtesy of Stephani Jeffery, Keller Williams ONEChicago

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  â€ 
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

G

Great Lakes Academy Charter Elementary School

8401 S Saginaw Ave, Chicago, IL, 60617

Grades KG-8

0.32 miles away

G

Great Lakes Academy Charter Elementary School

8401 S Saginaw Ave, Chicago, IL, 60617

Grades KG-8

0.32 miles away

E

Epic Academy High School

8255 S Houston Ave, Chicago, IL, 60617

Grades 9-12

0.59 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

Similar Listings Nearby