7542 South Colfax Avenue
7542 South Colfax Avenue
$350,000
9
3
3,600
3,600
$97
Closed 1/5/22
Description
7452 s. Colfax is comprised of (3) 3bd 1ba units boasting approximately 1500 sf of living space. All of the units and building was completed renovated in 2016/2017. All of the in-unit improvements included, but limited to: Kitchen Cabinets, granite Counter Tops & Mosaic Tile Backsplashes, New Engineered Hardwood Floors, Brush Nickel Faucets. GE Appliances, Bathrooms, light fixtures, and ceiling fans. The capital improvements include, but not limited to: new electrical service with GFCI's, plumbing,...7452 s. Colfax is comprised of (3) 3bd 1ba units boasting approximately 1500 sf of living space. All of the units and building was completed renovated in 2016/2017. All of the in-unit improvements included, but limited to: Kitchen Cabinets, granite Counter Tops & Mosaic Tile Backsplashes, New Engineered Hardwood Floors, Brush Nickel Faucets. GE Appliances, Bathrooms, light fixtures, and ceiling fans. The capital improvements include, but not limited to: new electrical service with GFCI's, plumbing, new windows, HVAC, trim, doors, new porches (2021), and more! This fantastic 3-flat provides an investor the opportunity to acquire their first property or a seasoned investor who wants to add more units with low-density and grow their exiting portfolio. There are two CHA tenants currently in the renting, where CHA pays 100% of the rent. The third tenant is market. The current Gross Scheduled Rent income is $42,600, but in this listing, an estimated 5% vacancy/credit loss is taken into consideration which brings the Gross Operating Income to $40,470. The second option is to purchase this property as an owner-occupied buyer and take advantage of the rents from the other units to cover your mortgage and then some! Note This property can also be purchased with 7656 S. Colfax (same owner) MLS#1118340 . Call listing agent for more details on all opportunities.
- Listed by Marco Cesario • RE/MAX NEXT
Sold By RE/MAX NEXT
Property Details for 7542 South Colfax Avenue
Area
CHI - South Shore
TownshipHyde Park
OwnershipFee Simple
Num Of Parking Spaces3.0
Num Of Cars3.0
Heat/FuelNatural Gas, Forced Air
ZoningMULTI
Location
LISTING UPDATED: 01/05/2022 01:45 PM
Property Details for 7542 South Colfax Avenue
Status | Closed |
---|---|
MLS # | 11188329 |
Days on Market | 140 |
Taxes | $5,407 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Two to Four Units / 3 Flat |
Year Built | 1926 |
Lot Size | 0.08 AC / 3,484 SF |
County | Cook County |
Location
Building Information for 7542 South Colfax Avenue
Stories-Residences3Year Built1926Building Size-Lot Size0.08 AC / 3,484 SF
Payment Calculator
$2,361 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 7542 South Colfax Avenue
Property History for 7542 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 7542 South Colfax Avenue
Taxable ValueLand$17,177Additions$169,835Total$187,012
Tax Record2022$38,465 ($3,205 / month)
Home Facts
Stories3Lot Size19,086 SqFtStyleMulti-Family Res (5+ Units)Year Built1926CountyCOOKAPN21-30-303-014
Schools near 7542 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 - | 4 to 12 |
Rating | School | Distance |
---|---|---|
Bradwell Community Arts & Sci Elementary School PublicPK to 8 | ||
Chicago Vocational Career Academy High School Public9 to 12 | ||
Excel Academy - Woodlawn HS Public9 to 12 | ||
CAMELOT SAFE ACADEMY SCHOOL Public4 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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