Closed

$395,000

7436 Colfax Avenue, Chicago, IL 60649
8 Beds3 Baths14 days
7436 Colfax Avenue·Chicago, IL 60649
8Bedrooms
3Bathrooms
1920Year Built
About This Home

Seize a prime investment opportunity in Chicago's historic South Shore neighborhood with this large, beautiful 3-flat building, minutes from the lakefront and the anticipated Obama Presidential Center. Ideal for investors or first-time home buyers looking to occupy one unit and rent the others, this property combines functionality with potential. The building features huge units equipped with stainless steel appliances, with the top two boasting granite countertops and tile backsplashes, blending practicality with style. High quality, low maintenance and modern touches make it an excellent investment. Separate utilities for heating and electricity ensure ease of management and individual cost control. The potential to duplex the first floor with basement offers additional versatility for enhancing living space or capture additional rental income. With attractive financing options, including new loan programs with as little as 5% down and grants for first-time homebuyers, ownership is within reach. Priced to sell, this property is a smart choice for those looking to invest in a neighborhood known for its community spirit and historical value. Don't miss your chance to own in South Shore!!

MLS# 12006879Listed March 22, 2024Residential Income
Property Details

Beds & Baths

Total Bedrooms8
Total Bathrooms3
Total Rooms17

Size & Structure

Year Built1920
Lot Size34 X 117

Location

CountyCook
TownshipHyde Park
Zip Code60649

Financial

List Price$395,000
Annual Taxes (2022)$2,999
Monthly Tax Est.$250
Parcel #21301180120000
Interior Features

Heating

Natural Gas

Basement

UnfinishedFull
Exterior & Lot

Construction

Brick
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake MichiganPublic
Tax & Financial
Annual Taxes
$2,999
Tax Year 2022
Monthly Tax Est.
$250
per month
Property Location

7436 Colfax Avenue, Chicago, IL 60649Cook County

$395,000
7436 Colfax Avenue
8 bd3 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
14 days on market
34 X 117
$2,999/yr taxes
$2,326
estimated monthly payment
Principal & Interest
$2,076/mo
Property Tax
$250/mo
$395,000
20% — $79,000
3%50%
6.875%
3%12%
Loan Amount
$316,000
Down Payment
$79,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Kale Realty
Agent: Amir Abed
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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