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8143 S Colfax Ave, Chicago, IL, 60617

8beds
4baths
--sqft
$369,000
--price/sqft
$2,843/moest. monthly cost
$113,720/yrincome needed

About This Home

Price Improvement! As-is - 8143 S Colfax Ave, Chicago, IL 60617 4 Units | 2 Beds / 1 Bath Each | Full Basement | Brick Construction... Calling all investors, house hackers, and FHA 203k buyers... this all-brick 4-unit building in South Shore is your chance to create cash flow with a long-term upside. Each of the four units feature 2 bedrooms and 1 full bathroom, offering flexible rental options in a high-demand area. Whether you're looking to generate immediate rental income, renovate and hold, or occupy one unit while tenants help cover your mortgage, this property delivers value and opportunity from every angle. Perfect for FHA 203k or renovation loan buyers looking to build equity through smart improvements. With some updates, this property could easily yield strong cap rates in a neighborhood surrounded by revitalization efforts. Are you the Savvy investor this property has been searching for!?

Getting Around

71
WalkingVery Walkable
63
TransitGood Transit
55
BikeBikeable

Construction

Condition

  • Year built: 1947

Materials

  • Foundation: Block,Concrete Perimeter
  • Roof: Asphalt
  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Gas Water Heater

Basement

  • Has basement: Yes
  • Basement: Partially Finished,Exterior Entry,Full,Walk-Out Access

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 4
  • Full bathrooms: 4

Heating

  • Heating features: Natural Gas

Property

Details

  • Parcel number: 21311200310000
  • Special condition: In Foreclosure
  • Other equipment: Ceiling Fan(s)

Lot

  • Lot size dimensions: 124X49X59X20X51X36

Parking

  • Total spaces: 4
  • Parking features: Off Alley,Alley Access,Yes,Owned