8606 South Colfax Avenue

Chicago, IL 60617

$111,000
Last Sold Price
5
Beds
2
Baths
956 Sq. Ft.
$116 / Sq. Ft.
956
Sq. Ft.
$116
per Sq. Ft.

Description

Excellent starter investment or owner occupant home. The property features new exterior fascia and new gutters as of September 2022. This property is the perfect opportunity for either; an owner occupant, or a new or experienced investor to buy a turnkey rental property with a great tenant already in place. Earn instant cash flow by purchasing an investment property that it already generating income the second you close. This property has a long term (10 years +), conscientious, Section 8 lease tenant...Excellent starter investment or owner occupant home. The property features new exterior fascia and new gutters as of September 2022. This property is the perfect opportunity for either; an owner occupant, or a new or experienced investor to buy a turnkey rental property with a great tenant already in place. Earn instant cash flow by purchasing an investment property that it already generating income the second you close. This property has a long term (10 years +), conscientious, Section 8 lease tenant and voucher holder ($1,253.00 per month total rent) through September 2023 who wants to stay and renew their lease. The back yard has a parking pad for two cars that could easily be built out or converted into a garage parking area. Being sold as is, and short notice showings might be possible (although 48 hours notice is definitely preferred). Schedule to see this one as soon as possible.
  1. Listed by Christopher Thomas • EXIT Strategy Realty

Sold By Kairos Brokerage LLC

Property Details for 8606 South Colfax Avenue

Area
CHI - South Chicago
Township
Hyde Park
Ownership
Fee Simple
Num Of Parking Spaces
2.0
Num Of Cars
2.0
Parking Included in Price
Yes
Num of Interior Fireplaces
0
Heat/Fuel
Natural Gas, Forced Air

Location

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LISTING UPDATED: 11/21/2023 10:03 PM

Property Details for 8606 South Colfax Avenue

StatusClosed
MLS #11793541
Days on Market178
Taxes$1,307 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeDetached Single / 1 Story
Year Built1914
Lot Size0.09 AC / 3,746 SF
CountyCook County

Location

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Building Information for 8606 South Colfax Avenue

Stories-Year Built1914Building Size-Lot Size0.09 AC / 3,746 SF

Payment Calculator

$715 per month

30 year fixed, 7.25% Interest

Principal and Interest

$606

Property Taxes

$109

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 8606 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 Details: Off Alley, Rear/Side Entry
  • Parking On Site: true
  • Parking Ownership: Owned
Location and General Information
  • Postal Code Plus 4: 2431
Taxes and HOA Information
  • Association Fee Frequency: Not Applicable
  • Additional Parcels: No
Property Information
Interior Features
  • Interior Property Features: Hardwood Floors, First Floor Bedroom, Some Wall-To-Wall Cp
  • Num Of Rooms: 8
  • Bedrooms (Below Grade): 2
  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved
  • Basement Type: Full
  • Bedrooms Possible: 5
  • Air Conditioning: Window/Wall Unit - 1
  • Basement Description: Partially Finished, Storage Space
  • Basement Sq Ft: 0
  • Dining Room: Separate
  • Basement Bathrooms: Yes
  • Room Type: Bedroom 5
  • Num of Baths: 2.0
Exterior Features
  • Type: 1 Story
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
  • Appliances: Range
Property/Lot Information
  • Exterior Property Features: Stamped Concrete Patio
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Type Detached: 1 Story
  • Total Sq Ft: 1434
  • Aprox Total Finished Sq Ft: 1434
  • Total Finished and Unfin Sq Ft: 1434
  • Lower Sq Ft: 478
  • Main Sq Ft: 956
  • Upper Sq Ft: 0
  • Lot Description: None
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 30 X 125
  • Other Structures: None
  • Waterfront: No
  • Disability Access and/or Equipped: No
  • Exterior Building Type: Vinyl Siding
  • Roof Type: Asphalt
  • Foundation Details: Concrete Perimeter
  • General Information: None
  • North Coordinate: 0
  • South Coordinate: 8606
  • East Coordinate: 2600
  • West Coordinate: 0
  • Living Area Source: Assessor
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 17
  • Rural: N
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Room Information
Master Bedroom Information
  • Master Bedroom Level: Main
  • Room Type: Master Bedroom
  • Master Bedroom Bath: None
  • Master Bedroom Dimensions: 12X7
Bedroom #2 Information
  • 2nd Bedroom Level: Main
  • Room Type: Bedroom 2
  • Bedroom #2 Room Dimensions: 10X7
Bedroom #3 Information
  • 3rd Bedroom Level: Main
  • Room Type: Bedroom 3
  • Bedroom #3 Room Dimensions: 9X7
Bedroom #4 Information
  • 4th Bedroom Level: Basement
  • Room Type: Bedroom 4
  • Bedroom #4 Room Dimensions: 9X8
Bedroom #5 Information
  • 5th Bedroom Level: Basement
  • Room Type: Bedroom 5
  • Bedroom #5 Room Dimensions: 9X8
Dining Room Information
  • Dining Room Level: Main
  • RoomType_DR: Dining Room
  • Dining Room Dimensions: 14X14
Family Room Information
  • Family Room Level: N/A
  • RoomType_FR: Family Room
Kitchen Information
  • Kitchen Level: Main
  • RoomType_KT: Kitchen
  • Kitchen Dimensions: 12X8
Laundry Information
  • Laundry Level: Basement
  • Room Type: Laundry
  • Laundry Dimensions: 20X6
Living Room Information
  • Living Room Level: Main
  • Room Type: Living Room
  • Living Room Dimensions: 16X14

Property History for 8606 South Colfax Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 8606 South Colfax Avenue

Taxable ValueLand$3,750Additions$2,750Total$6,500
Tax Record2022$1,337 ($111 / month)
Home Facts
Beds2Baths1Total Finished SqFt956 SqFtAbove Grade Finished SqFt956 SqFtStories1Lot Size3,750 SqFtStyleSingle Family ResidenceYear Built1912CountyCOOKAPN21-31-327-023

Schools near 8606 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
Charter - K to 8
Charter - 9 to 12
Rating
School
Distance
Coles Elementary Language Academy
PublicPK to 8

Bowen High School
Public9 to 12

Great Lakes Academy
CharterK to 8

Baker College Prep
Charter9 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.

Similar Homes

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Similar Sold Homes

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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 EXIT Strategy Realty

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.