7646 S Colfax Ave

Chicago - South Shore

$568,600 | Multi Family 5+ | Studio | baths | MLS #11372383


Property Description

This is a GREAT Investment in a GREAT location! So many changes coming to the area don't miss out on owning a solid property! This building has been owned by the same person for over 30 years and has been kept in good condition. The apartments have nice size bedrooms and spacious living rooms and dining rooms. The total square footage for each apartment is about 1200. There are newer windows and all the lintels were replaced on the front of the building; which also has been tuckpointed. The roof is 9 years old and a new boiler and a hot water tank have all been replaced in the last 5 years. The owner is in the process of revamping two vacancies for rental. The hallway and entrance to the building are being painted. The property has two nice basements and a four-car brick garage. With the Obama center coming and the close proximity to Lake Michigan and easy access to Downtown, this is an area not to be missed for the savvy investor!! Current rents are below the market rate for the area... I see the future and this is an ideal property for condo conversion. SHOW AND SELL! THIS IS THE ONE!


Property Details

Property Features rooms, Studio and baths

  • Master Bedroom
  • Kitchen
  • Taxes : 4321


Listing Provided By Berkshire Hathaway HomeServices Chicago

Disclaimer: The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Real estate listings held by brokerage firms other than Century21 SGR are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers.

Information deemed reliable but not guaranteed.

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Mapped Location: 7646 S Colfax Ave

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