Closed

$790,000

7617 Colfax Avenue, Chicago, IL 60649
35 days
7617 Colfax Avenue·Chicago, IL 60649
1960Year Built
About This Home

Low maintenance California style 10 unit building in the South Shore neighborhood. All 1 BD/1 BA unit layouts. All units fully renovated in the last 5 yrs with stainless steel appliances, new flooring and new mechanicals. All units have dedicated water tanks and in-unit washer/dryer. Tenant paid electric and baseboard heat keeps owner expenses very low. Large parking lot located alongside property. Pro-forma 10%+ CAP rate on a turn key building.

MLS# 12174826Listed September 27, 2024Commercial Sale
Property Details

Beds & Baths

Size & Structure

Year Built1960
Lot Size125X25

Location

CountyCook
Zip Code60649

Financial

List Price$790,000
Annual Taxes (2023)$6,255
Monthly Tax Est.$521
Parcel #21303110070000
Interior Features

Cooling

Window Unit(s)
Tax & Financial
Annual Taxes
$6,255
Tax Year 2023
Monthly Tax Est.
$521
per month
Property Location

7617 Colfax Avenue, Chicago, IL 60649Cook County

$790,000
7617 Colfax Avenue
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
35 days on market
125X25
$6,255/yr taxes
$4,673
estimated monthly payment
Principal & Interest
$4,152/mo
Property Tax
$521/mo
$790,000
20% — $158,000
3%50%
6.875%
3%12%
Loan Amount
$632,000
Down Payment
$158,000

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

Listed by
eXp Realty, LLC
Agent: Michael Scanlon
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