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Brick Quadplex with Finished Basement
For Sale
$399,900

8239 S Colfax Avenue, Chicago, IL 60617

Residential Income, Chicago, IL

Property SizeContact for details
Lot Size0.13 Acres
Days on Market98

Property Features for 8239 S Colfax Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 12
Bathrooms 5
Full bathrooms 5
Rooms Bedroom 1, Bedroom 10, Bedroom 7, Bathroom 4, Bedroom 9, Bathroom 1, Bathroom 5, Bedroom 4, Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 3, Basement, Bedroom 2, Bedroom 12, Bedroom 6, Bedroom 11, Bedroom 8
Parking 4
Parking features Owned
Basement Full, Finished
Elementary school district 299
Middle school district 299
High school district 299
Directions 83rd Street to Colfax, North to property
Subdivision CHI - South Chicago
Standard status Active
APN 21311270470000
Lot size 0.13 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 4038

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air
Water source Public

Amenities

finished basement

Building Details

Year built 1922
Building materials Brick
Listing Agency: RE/MAX Mi Casa · RE/MAX International
Listed By: Jose Martinez · License #471019209
Added: Jun 5 Changed: Sep 5 Last Checked: Sep 10 at 7:06PM
MLS# 12669970

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 1922 multifamily building contains four units with a total of 12 bedrooms and 5 bathrooms. Brick construction, natural-gas forced-air heating, and a finished basement define the main physical improvements. Each unit includes a stove and refrigerator, while gas and electric service are separately metered. The property also includes 4 rear exterior parking spaces and sits on a 125-by-46-foot lot.

Located at 8239 S Colfax Avenue in Chicago, the property is near parks, schools, public transit, and everyday amenities. Zoning is MULTI, and water and sewer service are provided through public systems. Current tenants are on month-to-month arrangements, and the building is suitable for continued multifamily use or owner occupancy.

Key Highlights

  • Four‑unit quadplex with 12 bedrooms and 5 bathrooms
  • 1922 brick building with a full finished basement
  • 4 rear exterior parking spaces

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Law Firm 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

4
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

733
Businesses Nearby

Demographics for 60617, IL

77,270
Population
35,031
Households
2.2
Avg Household Size
39
Median Age
20%
College-Educated
82%
High-School Grad
13.7 sq mi
ZIP Area
5,640
Density / Sq Mi
$51,237
Median Household Income
$36,926
Median Earnings
$1,010
Median Rent
$168,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Quadplex - Four-unit multifamily property with separately metered utilities, in-unit appliances, rear parking, and flexible tenant arrangements.
Where is this quadplex located?
The property is located at 8239 S Colfax Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Four‑unit quadplex with 12 bedrooms and 5 bathrooms; 1922 brick building with a full finished basement; 4 rear exterior parking spaces
More about this property
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