8143 S Colfax Ave, Chicago, IL, 60617
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
Very Walkable
Good Transit
BikeableSchools
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
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Heat Wave
- Tornado
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Illinois Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,865 | $22,380 |
| Home Insurance * | $317 | $3,804 |
| Property Taxes | $531 | $6,372 |
| Electricity | $130 | $1,569 |
| Total | $2,843 | $34,116 |
Income You'd Need if You Spent...
Illinois FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2023-10-04 | Sold | $310,000 |
| 2023-07-21 | Contingent | $310,000 |
| 2023-06-15 | Listed for sale | $310,000 |
| 2023-05-25 | Contingent | $310,000 |
| 2023-04-21 | Listed for sale | $310,000 |
| 2019-05-16 | Sold | $165,000 |
| 2019-03-08 | Pending sale | $175,000 |
| 2019-02-28 | Price change | $175,000 |
| 2019-02-24 | Price change | $185,900 |
| 2018-12-11 | Price change | $189,900 |
| 2018-11-10 | Listing removed | $950 |
| 2018-11-10 | Listed for sale | $250,000 |
| 2018-08-14 | Price change | $950 |
| 2018-08-04 | Listed for rent | $975 |
| 2018-01-24 | Sold | $75,000 |
| 2018-01-08 | Pending sale | $75,000 |
| 2018-01-08 | Price change | $75,000 |
| 2017-05-01 | Pending sale | $89,300 |
| 2017-03-01 | Price change | $89,300 |
| 2016-12-22 | Pending sale | $90,000 |
| 2016-10-31 | Price change | $90,000 |
| 2016-06-24 | Listed for sale | $125,000 |
| 2005-12-20 | Sold | $295,000 |
| 2005-06-02 | Sold | $255,000 |
| 1999-12-23 | Sold | $150,000 |
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