11-Unit Apartment
For Sale
$599,900
7727 South Colfax Avenue, Chicago, IL 60649
Vacant multifamily property with one- and two-bedroom units, on-site laundry, and exterior parking.
Property SizeContact for details
Days on Market381
Property Features for 7727 South Colfax Avenue
General Information
Standard status
Active
Property subtype
Multi Family 5+ / Multi Family 5+-Other
Taxes and HOA fees
Annual Taxes
$10,999
Building Details
Year Built
1965
Stories
3
Listing Agency:
Chicago Real Estate Resources
(606) 375-5398
Listed By:
Finley Askin · License #471021038
(606) 375-5398
Source:
Compass
Added: Aug 15, 2025
Changed: Aug 29
Last Checked: Aug 29 at 8:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Chicago Real Estate Resources
Investment Insights
Based on property information with market context.
The 11-unit apartment building at 7727 South Colfax Avenue includes three two-bedroom apartments and eight one-bedroom apartments. The property also has a laundry room and 11 exterior parking spaces. Built in 1965, the building is currently vacant, with units in varying stages of disrepair and renovation needs throughout. Older mechanical systems are reported to be operational, while current porch violations remain on the property.
Located in Chicago’s South Shore neighborhood, the property offers an existing multifamily configuration with a defined unit mix and on-site parking. Its vacancy and renovation requirements are material considerations for ownership planning.
Located in Chicago’s South Shore neighborhood, the property offers an existing multifamily configuration with a defined unit mix and on-site parking. Its vacancy and renovation requirements are material considerations for ownership planning.
Key Highlights
- 11‑unit apartment building built in 1965
- Unit mix includes 3 two‑bedroom and 8 one‑bedroom units
- 11 exterior parking spaces on‑site
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,002
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Vacant multifamily property with one- and two-bedroom units, on-site laundry, and exterior parking.
Where is this apartment building located?
The property is located at 7727 South Colfax Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 11‑unit apartment building built in 1965; Unit mix includes 3 two‑bedroom and 8 one‑bedroom units; 11 exterior parking spaces on‑site
