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7831 S Colfax Ave Chicago, IL 60649

Under Contract
For Sale
$550,000

Commercial Sale - Chicago, IL

Days on Market:
26
Last Refresh:
Dec 11 at 2:06 am

Property Features for 7831 S Colfax Ave

General Information

Property type
Commercial Sale
Property subtype
Other
Standard status
Active Under Contract
Zoning
MULTI
APN
21303290320000

Building Details

Year built
1915
Number of units
8
Architectural style
Other

Manage Chicago, Inc (773) 569-7325 [email protected]

Listing agent Damaris Santiago (773) 449-5151 License #475207620

Listing date Nov 16, 2025

MLS# 12466306 Listing URL

Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Overview

South Shore Multifamily Investment Opportunity

This fully occupied 8-unit building is located in the South Shore neighborhood of Chicago, just a few blocks from Lake Michigan. The property features new electric, plumbing, and HVAC systems, as well as a newer roof with a skylight and two new rear porches. All city violations have been cleared, and the title is clean. The building comprises six oversized 3-bed/1-bath units with formal dining and living rooms, one large 2-bed/1-bath garden unit, and one 1-bed/1-bath garden unit. Each unit features spacious layouts with hardwood floors, ceramic tile kitchens and baths, and fire-rated unit doors. The property is fully occupied with responsible tenants, and all tenants pay their own utilities. Current rents are below market value, presenting a value-add opportunity for investors.
Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.5609779
Latitude
41.7526433

FAQs

What type of property is this?
Apartment building - Fully occupied 8-unit building near Lake Michigan in Chicago.
Where is this apartment building located?
The property is located at 7831 S Colfax Ave Chicago, IL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: - Fully occupied 8-unit building with strong cash flow potential.; - All-new electric, plumbing, and HVAC systems ensure low maintenance.; - Newer roof with skylight and two brand-new rear porches enhance the building's appeal.
More about this property
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