Closed

$109,900

8606 Colfax Avenue, Chicago, IL 60617
3 Beds2 Baths1,434 sqft134 days
8606 Colfax Avenue·Chicago, IL 60617
3Bedrooms
2Bathrooms
1,434Sq Ft
1914Year Built
About This Home

Excellent starter investment or owner occupant home. The property features new exterior fascia and new gutters as of September 2022. This property is the perfect opportunity for either; an owner occupant, or a new or experienced investor to buy a turnkey rental property with a great tenant already in place. Earn instant cash flow by purchasing an investment property that it already generating income the second you close. This property has a long term (10 years +), conscientious, Section 8 lease tenant and voucher holder ($1,253.00 per month total rent) through September 2023 who wants to stay and renew their lease. The back yard has a parking pad for two cars that could easily be built out or converted into a garage parking area. Being sold as is, and short notice showings might be possible (although 48 hours notice is definitely preferred). Schedule to see this one as soon as possible.

MLS# 11793541Listed May 27, 2023ResidentialContemporary
Property Details

Beds & Baths

Total Bedrooms3
Total Bathrooms2
Full Baths2
Half Baths0
Total Rooms8

Size & Structure

Living Area1,434 sqft
Fireplaces0
Year Built1914
Lot Size0.086 acres

Location

CountyCook
TownshipHyde Park
Zip Code60617

Financial

List Price$109,900
Price / Sq Ft$77
Annual Taxes (2021)$1,307
Monthly Tax Est.$109
Parcel #21313270230000
Interior Features

Appliances

Range

Flooring

HardwoodCarpet

Heating

Natural GasForced Air

Cooling

Wall Unit(s)

Basement

Partially FinishedStorage SpaceFull

Laundry

Gas Dryer HookupIn Unit
Exterior & Lot

Construction

Vinyl Siding

Roof

Asphalt

Foundation

Concrete Perimeter

Patio & Porch

Patio

Lot Features

None
Utilities & Parking

Sewer

Public Sewer

Water Source

Public

Parking

Off AlleyGarage Faces SideOn SiteOwned
HOA & Community

HOA Includes

None

Community Features

CurbsSidewalksStreet LightsStreet Paved
Tax & Financial
Annual Taxes
$1,307
Tax Year 2021
Monthly Tax Est.
$109
per month
Price per Sq Ft
$77
per square foot
Property Location

8606 Colfax Avenue, Chicago, IL 60617Cook County

$109,900
$77 / sqft
8606 Colfax Avenue
3 bd2 ba1,434 sqft
VL
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Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
134 days on market
0.086 acres
$1,307/yr taxes
$686
estimated monthly payment
Principal & Interest
$578/mo
Property Tax
$109/mo
$109,900
20% — $21,980
3%50%
6.875%
3%12%
Loan Amount
$87,920
Down Payment
$21,980

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

Listed by
EXIT Strategy Realty
Agent: Christopher Thomas
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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