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9-Unit Multifamily Building
For Sale
$650,000

7721 S Colfax Avenue, Chicago, IL 60649

Commercial Sale, Chicago, IL

Property SizeContact for details
Days on Market125

Property Features for 7721 S Colfax Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 18
Bathrooms 9
Full bathrooms 9
Rooms Bedroom 7, Bedroom 9, Bathroom 8, Bathroom 1, Bedroom 6, Bedroom 3, Bedroom 16, Bedroom 14, Bedroom 18, Bedroom 10, Bedroom 4, Bedroom 12, Bedroom 11, Bedroom 17, Bathroom 7, Bathroom 6, Bathroom 5, Bedroom 13, Bedroom 8, Bathroom 9, Bathroom 4, Bedroom 15, Bathroom 3, Bedroom 2, Bedroom 5, Bathroom 2, Bedroom 1
Directions East to Lake Shore Drive, south on LSD all the way - it bends into South Shore Drive around 67th. Follow the curve past the South Shore Cultural Center to 79th St, right on 79th, right on Colfax. ~30 min off-peak
Subdivision CHI - South Shore
Standard status Active
APN 21303220070000

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 12919

Building Details

Year built 1910
Floors in Building 4
Number of units 9
Listing Agency: 33 Realty
Listed By: Brian Mond · License #478007026
Added: Apr 21 Changed: Aug 20 Last Checked: Aug 22 at 11:06PM
MLS# 12625339

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.

Investment Insights

Based on property information with market context.

Located at 7721 S Colfax Avenue in Chicago’s South Shore area, this multifamily property contains 9 residential units. The building was constructed in 1910 and is situated in Cook County, within ZIP Code 60649.

Key Highlights

  • 9‑unit multifamily building
  • Constructed in 1910
  • Located at 7721 S Colfax Avenue, Chicago, IL 60649

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Building Supply Skin Care Clinic (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9
Residential units

Location Intelligence

Trade Area within ½ mile

1,002
Businesses Nearby

Demographics for 60649, IL

48,171
Population
28,249
Households
1.7
Avg Household Size
39
Median Age
25%
College-Educated
89%
High-School Grad
3.6 sq mi
ZIP Area
13,381
Density / Sq Mi
$40,142
Median Household Income
$36,474
Median Earnings
$1,066
Median Rent
$199,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Established apartment property with nine residential units in Chicago’s South Shore area.
Where is this apartment building located?
The property is located at 7721 S Colfax Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 9‑unit multifamily building; Constructed in 1910; Located at 7721 S Colfax Avenue, Chicago, IL 60649
More about this property
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