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$520,000
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11,652
square ft

7748 S Colfax Avenue

CHICAGO, Illinois 60649
Closed / MLS #9810194 / Multiple Family / South Shore
Listing information updated 2/27/2018 at 1:14am
14.90% Cap rate. Turnkey investment opportunity located in the South Shore neighborhood of Chicago walking distance to Rainbow Beach and two Metra train stations (Windsor Park & Cheltenham). This trophy property offers tenants modern kitchens with granite counter-tops and stainless steel appliances. The bathrooms have been completely remodeled with the master bathrooms offering granite topped double vanity sinks and modern tile flooring. Each unit features: tenant paid central heat and AC, updated bathrooms, newer wooden rear staircase, new copper plumbing, new electrical and updated vinyl windows. The basement contains on-site laundry hookups and a seventh one bedroom (non-conforming) apartment that requires rehab. To the back of the site, there is a six-car garage. This property could be purchased as a package deal with 7734-7736 S Kingston Ave. Contact listing agent for additional information.

Full Features

Exterior Type:
Brick
Square Feet:
11,652
Built:
1922
Parking Spaces:
6
Cooling System:
Central Air
Stories:
3
Potential Use:
Residential-Multi-Family
Zoning:
MULTI
Building Square Feet:
11,652
Current Net Income:
$80,307
Unit 1:
6 room(s) / 3 bed(s) / 2 bath(s)
Unit 2:
6 room(s) / 4 bed(s) / 2 bath(s)

Taxes & Assessments

Tax Amount:
$7,046
Tax Year:
N/A

Location

Zip Code:
60649
City:
Chicago
County:
Cook

Listing Office: Chicago Real Estate Resources

Listing Office Phone: 773.327.9300

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 2/27/2018 at 1:14am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

South Shore

South Shore, IL

Once a vacation destination for Chicago’s elite, the South Shore has become an increasingly popular place to call home. Located on Chicago’s scenic lakefront, the neighborhood’s beautiful beaches, plentiful green space and easy access to downtown via Lake Shore Drive are attracting a new gener...

Metra

Metra
Metra Electric South Chicago Branch line at Windsor Park Metra
$180,725
Average Sale Price
93
Average Days On The Market
93%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 7748 S Colfax Avenue, Chicago, IL 60649

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7748 S Colfax Avenue is a multiple family which sold for $520,000. This multiple family has been listed on @properties since December 1st, 2017 and was built in 1922. The nearest transit stops include Windsor Park Metra Metra Metra Electric South Chicago Branch line.

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