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Jamie Roth

Engel & Völkers

[email protected] +1(847) 219-6400

$ 399,900

Est. payment -/mo

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New

Address not disclosed Chicago, IL 60617

8 Beds

4 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12384705

Bedrooms 8

Year Built 1947

Annual Tax Amount $2,954

Tax Year 2023

Lot Dimensions 124X49X59X20X51X36

Property Sub-Type Two to Four Units

Property Description

Pre-Foreclosure/Short Sale Opportunity - 8143 S Colfax Ave, Chicago, IL 60617 4 Units | 2 Beds / 1 Bath Each | Full Basement | Brick Construction... Calling all investors, house hackers, and FHA 203k buyers... this all-brick 4-unit building in South Shore is your chance to create cash flow with a long-term upside. Each of the four units feature 2 bedrooms and 1 full bathroom, offering flexible rental options in a high-demand area. Whether you're looking to generate immediate rental income, renovate and hold, or occupy one unit while tenants help cover your mortgage, this property delivers value and opportunity from every angle. Perfect for FHA 203k or renovation loan buyers looking to build equity through smart improvements. With some updates, this property could easily yield strong cap rates in a neighborhood surrounded by revitalization efforts. Are you the Savvy investor this property has been searching for!?

Location

State IL

County Cook

Area Chi - South Chicago

Rooms

Basement Partially Finished, Exterior Entry, Full, Walk-Out Access

Interior

Heating Natural Gas

Equipment CO Detectors, Ceiling Fan(s), Water Heater-Gas

Fireplace N

Exterior

Community Features Park, Tennis Court(s), Lake, Curbs, Sidewalks, Street Lights, Street Paved

Roof Type Asphalt

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition Short Sale, In Foreclosure

Listed by Stephani Jeffery • Keller Williams ONEChicago

Jamie Roth

Broker | License ID: 471.000868

+1(847) 219-6400

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