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Two-Unit Duplex with Garage

8349 S Colfax Avenue, Chicago, IL 60617

For Sale
$279,000

Two updated residences include a two-bedroom layout and a one-bedroom unit with a separate office.

Property SizeContact for details
Days on Market223

Property Features for 8349 S Colfax Avenue

General Information

Standard status Active
Total Parking Spaces 2
Property subtype MULTI_FAMILY

Site & Location

Neighborhood South Chicago
Public Transit Yes

Units

Unit Mix 1 x 2BR/1BA, 1 x 1BR + office
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $3,335

Building Details

Year Built 1899
Buildings 1
Listing Agency: Real Property Management Group Chicago
Listed By: Luna Cuervo Puangco
Source: Townrealtychicago
Added: Mar 30 Changed: Nov 2 Last Checked: Nov 3 at 8:58AM

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 Real Property Management Group Chicago

Rey
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Investment Insights

Based on property information with market context.

This duplex contains two residences with updated flooring, granite countertops, and cabinetry. The first-floor unit has two bedrooms and one bathroom; the upper unit has one bedroom plus an office. An unfinished basement and attic add additional interior space, and a detached garage accommodates two cars. The property was built in 1899 and includes a backyard.

The home is on S Colfax Avenue in Chicago, near the 83rd St Metra station, bus service, parks, and local amenities.

Key Highlights

  • Two units: first floor has 2BR/1BA; upper unit has 1BR plus an office
  • Updated flooring, granite countertops, and cabinetry
  • Unfinished basement and attic

Property Analytics

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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

781
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
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Market

Properties on Market for Duplexes in Chicago

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two updated residences include a two-bedroom layout and a one-bedroom unit with a separate office.
Where is this duplex located?
The property is located at 8349 S Colfax Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Two units: first floor has 2BR/1BA; upper unit has 1BR plus an office; Updated flooring, granite countertops, and cabinetry; Unfinished basement and attic
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