7542 South Colfax Avenue

7542 S Colfax Ave
Chicago, IL 60649

$415,000
Price
9
Beds
3,600 Sq. Ft.
$115 / Sq. Ft.
3,600
Sq. Ft.
$115
per Sq. Ft.

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,...

Property Details for 7542 South Colfax Avenue

Status
Active
Area
CHI - South Shore
Township
Hyde Park
Ownership
Fee Simple
Num Of Parking Spaces
3.0
Num Of Cars
3.0
Heat/Fuel
Natural Gas, Forced Air
Zoning
MULTI

Location

Listing Courtesy of RE/MAX NEXT

Property Details for 7542 South Colfax Avenue

StatusActive
MLS #11188329
Days on Market58
Taxes$5,407 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 3 Flat
Year Built1926
Lot Size0.08 AC / 3,484 SF
CountyCook County

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Location

Listing Courtesy of RE/MAX NEXT

Building Information for 7542 South Colfax Avenue

Stories-Residences3Year Built1926Building Size-Lot Size0.08 AC / 3,484 SF

Payment Calculator

$1,841 per month

30 year fixed, 2.95% Interest

Principal and Interest

$1,391

Property Taxes

$451

HOA Dues

$0

Property Information for 7542 South Colfax Avenue

General Information
    School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
    Addtl Parking Information
  • Parking: Space/s
  • Parking On Site: true
  • Parking Ownership: Owned
    Location and General Information
  • County Or Parish: Cook
  • Postal Code: 60649
  • State Or Province: IL
  • Street Suffix: Avenue
Property Information
    Interior Features
  • Num Of Rooms: 18
  • Bedrooms Above Grade: 9
  • Bedrooms (Below Grade): 0
  • Total Full Half Baths: 3
  • Basement Type: Full
  • Bedrooms Possible: 9
  • Basement Description: Unfinished
  • # Full Baths in Building: 3
  • # Half Baths in Building: 0
    Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan
    Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2017
  • Year Built: 1926
  • Built Before 1978: Yes
  • Age: 91-100 Years
  • Property Type: Residential Income
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 30' X 125'
  • Total # Units in Building: 3.0
  • Exterior Building Type: Brick
  • Roof Type: Rubber, Flat
  • Foundation Details: Brick/Mortar, Concrete Perimeter
  • General Information: None
  • North Coordinate: 0
  • South Coordinate: 7542
  • East Coordinate: 2600
  • West Coordinate: 0
  • Lot Size Acres: 0.08
  • Lot Size Source: Other
  • Property Type: Two to Four Units
  • 3 Br Un In Bldg: Yes
    Property and Assessments
  • Buyer Financing: Conventional, FHA, VA
  • Public Document Count: 0
  • Photos Count: 30
    Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
    Income & Expenses
  • Electric Expense: $260.00
  • Fuel Expense: $.00
  • Gross Income: $40,470.00
  • Insurance Expense: $2,636.00
  • Maintenance Expense: $975.00
  • Manager Expense: $2,024.00
  • Electric Expense Source: Actual
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Manager Expense Source: BP
  • Other Expense Source: Broker Projection
  • Repairs-Decor Expense Source: Broker Projection
  • Water Expense Source: Broker Projection
  • Net Operating Income: $25,448.00
  • Professional Management Expense: $90.00
  • Water Sewer Expense: $1,650.00
  • Other Expenses $: 1305
    Unit 1
  • Unit Type Actual Rent: $1,175.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Appliances/Features Unit 1: Stove, Refrigerator
  • Lease Exp Date (Mo/Yr) - Unit 1: UNKN
  • # Of Rooms - Unit 1: 6
  • Sec Deposit $ - Unit 1: UNKN
  • Tenant Pays - Unit 1: Electric, Gas, Heat
    Unit 2
  • Unit Type Actual Rent: $1,175.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Appliances/Features Unit 2: Stove, Refrigerator
    Unit 3
  • Unit Type Actual Rent: $1,200.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
  • Appliances/Features Unit 3: Stove, Refrigerator

Property History for 7542 South Colfax Avenue

DateEvent & SourcePriceAppreciation
Oct 1, 2021

Price Change

MRED #11188329

$415,000
Aug 11, 2021

Listed (Active)

MRED #11188329

$425,000
Nov 8, 2017

Price Change

MRED #09770588

$325,000
DateEvent & SourcePrice
10/01/2021

Price Change

MRED #11188329

$415,000
08/11/2021

Listed (Active)

MRED #11188329

$425,000
11/08/2017

Price Change

MRED #09770588

$325,000

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$3,348Additions$24,235Total$27,583
Tax Record2019$5,542 ($462 / month)
Home Facts
Baths3Total Finished SqFt4,794 SqFtAbove Grade Finished SqFt4,794 SqFtStories3Lot Size3,720 SqFtStyleMulti-Family Res (5+ Units)Year Built1926CountyCOOKAPN21-30-303-013

Schools near 7542 South Colfax Avenue


SchoolTypeGradesDistanceRating
South Central Community Services - South ShorePrivate4-120.2 mi
NR
Bradwell Comm Arts & Sci Elementary SchoolPublicPK-80.3 mi
2
Excel Academy - Woodlawn High SchoolPublic9-120.3 mi
NR
Camelot Safe Academy SchoolPublic0.7 mi
NR

South Central Community Services - South Shore

4-12, 0.2 mi, Private

NR

Bradwell Comm Arts & Sci Elementary School

PK-8, 0.3 mi, Public

2

Excel Academy - Woodlawn High School

9-12, 0.3 mi, Public

NR

Camelot Safe Academy School

0.7 mi, Public

NR

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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7542 South Colfax Avenue is a multi-family home for sale in Chicago, IL 60649. This property was listed for sale on August 12, 2021 by RE/MAX NEXT at $415,000. It has been on the market for a total of 58 days and was last sold on November 7, 2017. This listing's school district is City of Chicago School District 299. Nearby schools include Bradwell Comm Arts & Sci Elementary School, Chicago Vocational Career Acad High School and Hope College Prep High School. 7542 South Colfax Avenue is a 9-bed, 0-bath, 3,600 sqft multi-family home built in 1926.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX NEXT

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