7754 South Colfax Avenue

Chicago, IL 60649

$760,000
Last Sold Price
24
Beds
16
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

- 9.08% In Place Cap Rate - Gross Income (w/ 5% vacancy): $136,583 - NOI: $70,369 Pleased to exclusively present for purchase 7754 S. Colfax, a beautiful thirteen (13) unit walk-up located in Chicago's South Shore neighborhood. 7754 S. Colfax is comprised of five (5) 1b/ba, five (5) 2b/1ba, and three (3) 3b/2ba units. The building has been recently rehabbed, including cosmetic in-unit work, along with new boiler, porch, roof, plumbing and windows.- 9.08% In Place Cap Rate - Gross Income (w/ 5% vacancy): $136,583 - NOI: $70,369 Pleased to exclusively present for purchase 7754 S. Colfax, a beautiful thirteen (13) unit walk-up located in Chicago's South Shore neighborhood. 7754 S. Colfax is comprised of five (5) 1b/ba, five (5) 2b/1ba, and three (3) 3b/2ba units. The building has been recently rehabbed, including cosmetic in-unit work, along with new boiler, porch, roof, plumbing and windows.
  1. Listed by Aaron Sklar • Kiser Group Realty Inc
  2. Listed by Noah Birk • Kiser Group Realty Inc

Sold By MoHall Commerical & Urban Development

Property Details for 7754 South Colfax Avenue

Area
CHI - South Shore
Township
Hyde Park
Num Of Parking Spaces
0.0
Zoning
MULTI

Location

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LISTING UPDATED: 08/03/2023 12:44 PM

Property Details for 7754 South Colfax Avenue

StatusClosed
MLS #10917545
Days on Market393
Taxes$13,916 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1925
Lot Size0.16 AC / 6,969 SF
CountyCook County

Location

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Building Information for 7754 South Colfax Avenue

Stories-Residences13Year Built1925Building Size-Lot Size0.16 AC / 6,969 SF

Payment Calculator

$5,307 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,148

Property Taxes

$1,160

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7754 South Colfax Avenue

General Information
Location and General Information
  • Information: Show-Call Listing Office,48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Heat/Ventilation: Central Bldg Heat,Radiators
  • Num of Baths: 16.0
Property/Lot Information
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Flats
  • Lot Dimensions: 125X25
  • Stories: 3
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 10
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 13
Income & Expenses
  • Electric Expense: $2,001.00
  • Fuel Expense: $16,484.00
  • Gross Income: $143,772.00
  • Gross Scheduled Income: $143,772.00
  • Insurance Expense: $4,550.00
  • Maintenance Expense: $2,925.00
  • Manager Expense: $6,829.00
  • Janitor Expense: 3900
  • Total Monthly Income: 11981
  • Net Operating Income: $70,972.00
  • Operating Expense: $65,611.00
  • Other Expense: $3,500.00
  • Trash Expense: $1,905.00
  • Water Sewer Expense: $9,000.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 5
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 5
Unit 3
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 3
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 7754 South Colfax Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 7754 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
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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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. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kiser Group Realty Inc

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.