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7727 S Colfax Avenue, Chicago, IL 60649

Active · For Sale · Multi Family 5+

$549,900

7727 S Colfax Avenue, Chicago, IL 60649

Units
11
Price / Unit
$49,991
Year Built
1,965

Property Overview

Pleased to present 11-unit multifamily building located in the south side Chicago neighborhood of South Shore. The property includes a unit mix of (3) two bedroom and (8) one bedroom units. There is a laundry room and 11 exterior parking spaces on-site. The building is currently vacant and primed for an investor looking to add value. Each unit is in various stages of disarray and will need to be renovated. The mechanicals are older but in working condition. There are current porch violations.

Investor Resource

Property Intelligence

Financial Snapshot

Reported Annual Expenses
$10,999
Annual Taxes
$10,999 (2023)

Property Details

Units
11
Lot Dimensions
50' x 167'
Stories
3
Year Built
1965
Building Age
Older
Parcel Number
21303220080000

Operations & Utilities

Heating
Central Bldg Heat

Location & Use

County
Cook
Market Area
Chicago - South Shore

Reported figures come from the listing source. When shown, estimated NOI and cap rate use reported income and expenses; estimated GRM uses asking price and reported income. All figures should be independently verified.