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11-Unit Apartment Building
For Sale
$534,900

7727 S Colfax Avenue, Chicago, IL 60649

MULTI_FAMILY - Chicago, IL

Property SizeContact for details
Days on Market357

Property Features for 7727 S Colfax Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 14
Bathrooms 11
Full bathrooms 11
Rooms Bedroom 12, Bedroom 7, Bathroom 11, Bedroom 13, Bathroom 3, Bathroom 6, Bathroom 8, Bedroom 3, Bathroom 4, Bathroom 7, Bedroom 2, Bedroom 6, Bedroom 8, Bedroom 5, Bathroom 5, Bedroom 1, Bathroom 1, Bedroom 14, Bathroom 2, Bedroom 10, Bedroom 4, Bathroom 10, Bedroom 11, Bathroom 9, Bedroom 9
Directions EAST SIDE OF COLFAX BETWEEN 77TH AND 78TH ST
Subdivision CHI - South Shore
Standard status Active
APN 21303220080000

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 10999

Amenities

laundry room

Building Details

Year built 1965
Floors in Building 3
Number of units 11
Listing Agency: Chicago Real Estate Resources
Listed By: Finley Askin · License #471021038
Added: Aug 19, 2025 Changed: Aug 10 Last Checked: Aug 10 at 8:06AM
MLS# 12450507

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.

This vacant 11-unit apartment building includes a unit mix of eight one-bedroom units and three two-bedroom units. The property has a laundry room and offers 11 exterior parking spaces on-site. Units are currently in various stages of disarray and will require renovation.

Built in 1965, the building’s mechanicals are older but in working condition. There are current porch violations that should be reviewed as part of any due diligence. The overall configuration and existing apartment layouts may appeal to investors seeking to reposition the property through renovation.

Key Highlights

  • Vacant 11‑unit apartment building
  • Unit mix: 8 one‑bedroom and 3 two‑bedroom units
  • Laundry room on site

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency 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

11
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 - Vacant 11-unit multifamily building with a unit mix of one- and two-bedroom apartments, laundry room, and 11 exterior parking spaces.
Where is this apartment building located?
The property is located at 7727 S Colfax Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $534,900.
What are key features of this property?
This property features: Vacant 11‑unit apartment building; Unit mix: 8 one‑bedroom and 3 two‑bedroom units; Laundry room on site
More about this property
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