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7831 S Colfax Ave Chicago, IL 60649

Sponsored
For Sale
Under Contract
$550,000

MULTI_FAMILY - Chicago, IL

Days on Market:
46
Last Refresh:
Jan 25 at 6:06 am

Property Features for 7831 S Colfax Ave

General Information

Property type
Residential Multi Family
Property subtype
Other
Standard status
Active Under Contract
Zoning
MULTI
Rooms
Bathroom 3, Bedroom 16, Bedroom 18, Bedroom 7, Bathroom 12, Bedroom 6, Bathroom 2, Bathroom 9, Bedroom 4, Bedroom 17, Bedroom 5, Bedroom 11, Bathroom 1, Bedroom 15, Bedroom 3, Bathroom 7, Bathroom 11, Bedroom 20, Bathroom 10, Bedroom 19, Bedroom 2, Bathroom 8, Bedroom 10, Bedroom 21, Bathroom 4, Bedroom 1, Bedroom 9, Bedroom 12, Bedroom 13, Bathroom 5, Bedroom 8, Bedroom 14, Bathroom 6
Bedrooms
21
APN
21303290320000

Building Details

Year built
1915
Floors in Building
4
Number of units
8

We can help!

Listing Contact
Damaris Santiago

Manage Chicago, Inc (773) 569-7325

Listing agent Damaris Santiago (773) 992-6189

Listing date Dec 11, 2025

MLS# 12466306 Listing URL

Copyright © 2026 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.

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Property Insight Report

Overview

South Shore 8-Unit Multifamily Property

Located in Chicago's South Shore neighborhood, this fully occupied 8-unit building is situated a few blocks from Lake Michigan. The property features new electric, plumbing, and HVAC systems, along with a newer roof that includes a skylight. Two new rear porches have been added. All city violations have been cleared, and the title is clean. The building comprises six oversized 3-bed/1-bath units, each 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 who pay their own utilities. Current rents are below market value, presenting a value-add opportunity for investors.
Property Profile Insight Report 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
-87.560972
Latitude
41.752618

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 in South Shore, offering immediate cash flow.; - All-new electric, plumbing, and HVAC systems, plus a newer roof with skylight and two brand-new rear porches.; - Six oversized 3-bed/1-bath units with formal dining and living rooms, plus two garden units (2-bed/1-bath and 1-bed/1-bath).
More about this property
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