7436 South Colfax Avenue
7436 South Colfax Avenue
$395,000
8
3
2,600
2,600
$152
Contingent
Description
Seize a prime investment opportunity in Chicago's historic South Shore neighborhood with this large, beautiful 3-flat building, minutes from the lakefront and the anticipated Obama Presidential Center. Ideal for investors or first-time home buyers looking to occupy one unit and rent the others, this property combines functionality with potential. The building features huge units equipped with stainless steel appliances, with the top two boasting granite countertops and tile backsplashes, blending...Seize a prime investment opportunity in Chicago's historic South Shore neighborhood with this large, beautiful 3-flat building, minutes from the lakefront and the anticipated Obama Presidential Center. Ideal for investors or first-time home buyers looking to occupy one unit and rent the others, this property combines functionality with potential. The building features huge units equipped with stainless steel appliances, with the top two boasting granite countertops and tile backsplashes, blending practicality with style. High quality, low maintenance and modern touches make it an excellent investment. Separate utilities for heating and electricity ensure ease of management and individual cost control. The potential to duplex the first floor with basement offers additional versatility for enhancing living space or capture additional rental income. With attractive financing options, including new loan programs with as little as 5% down and grants for first-time homebuyers, ownership is within reach. Priced to sell, this property is a smart choice for those looking to invest in a neighborhood known for its community spirit and historical value. Don't miss your chance to own in South Shore!
- Listed by Amir Abed • Kale Realty
Property Details for 7436 South Colfax Avenue
Area
CHI - South Shore
TownshipHyde Park
OwnershipFee Simple
Num Of Parking Spaces0.0
Heat/FuelNatural Gas
ZoningMULTI
Location
LISTING UPDATED: 04/08/2024 09:00 AM
Property Details for 7436 South Colfax Avenue
Status | Contingent |
---|---|
MLS # | 12006879 |
Days on Market | 26 |
Taxes | $2,999 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Two to Four Units / 3 Flat |
Year Built | 1920 |
Lot Size | 0.09 AC / 3,978 SF |
County | Cook County |
Location
Building Information for 7436 South Colfax Avenue
Stories-Residences3Year Built1920Building Size-Lot Size0.09 AC / 3,978 SF
Payment Calculator
$2,406 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 7436 South Colfax Avenue
Property History for 7436 South Colfax Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 7436 South Colfax Avenue
Taxable ValueLand$5,125Additions$12,875Total$18,000
Tax Record2022$2,999 ($250 / month)
Home Facts
Baths3Total Finished SqFt4,464 SqFtAbove Grade Finished SqFt4,464 SqFtStories3Lot Size4,100 SqFtStyleMulti-Family Res (5+ Units)Year Built1925CountyCOOKAPN21-30-118-012
Schools near 7436 South Colfax Avenue
This home is within City Of Chicago School District 299.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Powell Elementary Paideia Community Academy PublicPK to 8 | ||
Chicago Vocational Career Academy High School Public9 to 12 | ||
Excel Academy - Woodlawn HS Public9 to 12 | ||
South Shore Intl Col Prep High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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