8324 S Colfax Avenue
Chicago, IL 60617

Status: Sold
Multi Family
6 beds
0 baths
0 sq.ft
Listing Price: $339,000

About this home

Rare opportunity to own an incredible legal THREE UNIT plus basement investment property in a highly appreciating neighborhood! Beautifully rehabbed three unit property available at an incredible price! This multi-unit building was completely rehabbed with quality and tasteful finishes. This large building offers three separate units of living; each level has two beds, one bath and an eat in kitchen. Long list of updates includes; new window, new roof, new electric, new appliances, and much more. Ideal set up with all separate utilities: three hot water tanks, three furnaces, separate utility bills for gas and electricity. Low taxes and separate utilities on a legal three unit makes this the perfect opportunity for an investor who wants positive cashflow OR an owner occupant who wants a self funding building! Very rare in this market! Property is completely remodeled and move in ready! No work necessary! Your renters will love it! Conveniently located near local restaurants, parks and the expressway. Come check it out. Self sufficient-pays for itself! This one won't last! Sold As Is.

Property details

Property / Lot Details
Acreage 0.07
Lot Dimensions 26 X 126
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 3 Flat
Number Of Units in Building 3
Property Type Two to Four Units
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building No
Approx Year Built 1912
Parking Total 2
Exterior Building Type Vinyl Siding, Frame
Garage On-Site Yes
Parking Space/s
Rehab Year 2024
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - South Chicago
Corporate Limits Chicago
Directions East of Yates Blvd and 8300 South.
Elementary Sch Dist 299
Heat/Fuel Natural Gas
High Sch Dist 299
Sewer Public Sewer
Water Public
Jr High/Middle Dist 299
Township Hyde Park
Interior Features
Basement Description Unfinished
Basement Full
Bedrooms Count 6
Bedrooms Possible 6
Baths Count 3
Full Baths in Building Count 3
Total Rooms 12
Units
unit 1
Beds Total 2
Baths Total 1
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date 00/00
Rooms Total 4
Tenant Pays Electric,Gas
Floor Number 1
unit 2
Beds Total 2
Baths Total 1
Appliances And Features Stove, Refrigerator
Full Baths Total 1
Lease Expiration Date 00/00
Rooms Total 4
Tenant Pays Electric,Gas
Floor Number 2
unit 3
Beds Total 2
Baths Total 1
Appliances And Features None
Full Baths Total 1
Lease Expiration Date 00/00
Rooms Total 4
Tenant Pays Electric,Gas
Floor Number 3

Financials

Financing FHA
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 21313030330000
Special Assessments N
Taxes $1,899
Tax Exemptions None
Tax Year 2023
$339,000 Listing Price:
MLS # 12128475
Investment Profile Residential Income
Listing Market Time 55 days
Basement Full
Type Unit 3 Flat
Number of Units in Building 3
Parking Space/s
List Date 08/02/2024
Year Built 1912
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