Listing provided courtesy of RE/MAX Mi CasaMREDas Distributed by MLSGrid- MLS# 12669970
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Request Info8239 S Colfax AvenueChicago, IL 60617
Multi-Family · 12 Beds$399,900
Active
8239 S Colfax Avenue Overview
- Time on Site:
- 24 days
- Visits:
- 0
Fantastic investment opportunity in the heart of South Chicago! This solid brick 4-unit building offers 12 total bedrooms and 5 bathrooms, providing excellent potential for strong rental income. Each spacious unit includes a stove and refrigerator, and all utilities are separately metered for gas and electric, offering added convenience for management. A full finished basement provides additional space and versatility. All tenants are currently month-to-month, making this a great option for investors or owner-occupants interested in house hacking. The property also features 4 exterior parking spaces in the rear and sits on an extra-wide 125x46 ft. lot. Located close to parks, schools, public transit, and everyday amenities, this building offers a smart opportunity to grow long-term value. With low taxes and strong rental potential, this is a must-see property. Don't miss your chance to build equity and secure steady cash flow!**Building full address is 8239-41**
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8239 S Colfax Avenue Facts & Features
- Type Multi-Family
Details
General
School Information
- School District: 299
Building Information
- New Construction: No
- Year Built: 1922
Location/Region
- County Or Parish: Cook
- MLS Area Major: CHI - South Chicago
- Township: Hyde Park
Tax Information
- Tax Annual Amount: $4,038.45
- Tax Year: 2024
General Information
- Ownership: Fee Simple
- Parcel Number: 21311270470000
- Property Type: Residential Income
- Special Listing Conditions: None
- Zoning: MULTI
Interior
Parking Information
- Half Baths Building: 0
Beds/Baths
- Bathrooms Total: 5
- Bedrooms Total: 12
- Bedrooms Possible: 12
- Full Baths Building: 5
General Information
- Basement: Finished, Full
- Heating: Natural Gas, Forced Air
- Rooms Total: 20
Exterior
Parking Information
- Parking Features: Yes, Owned
- Parking Total: 4
Lot Information
- Additional Parcels: No
- Lot Size Dimensions: 5750
- Water Source: Public
Waterfront/View
- Waterfront: No
Building Exterior/Construction
- Construction Materials: Brick
General Information
- Sewer: Public Sewer
Unit Information
Unit 1 Details
- Unit Type: Unit 1
- Actual Rent: 1400
- Beds Total: 4
- Baths Total: 1
Unit 2 Details
- Unit Type: Unit 2
- Actual Rent: 1400
- Beds Total: 4
- Baths Total: 2
Unit 3 Details
- Unit Type: Unit 3
- Actual Rent: 1000
- Beds Total: 2
- Baths Total: 1
Unit 4 Details
- Unit Type: Unit 4
- Beds Total: 2
- Baths Total: 1
8239 S Colfax Avenue Neighborhood
Community
60617 (CHICAGO) Demographics
37
Median Age
5,348
Population Density (per sq. mile)
28%
College Educated
$43,642
Estimated Median Income
16,451
Estimated Total Home Owners
12,722
Estimated Total Renters
56% / 44%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.8239 S Colfax Avenue Monthly Cost
8239 S Colfax Avenue Market Data
Based on the last 30 days in this zip code
$211,760
Average List Price
$150
Average Price per Square Foot
31
Properties Sold
88
Average Days on Market
164
Properties for Sale
8239 S Colfax Avenue History
| Date | Value | Agent |
|---|---|---|
| 6/10/2026Source: MRED | Active |
|
| 6/5/2026Source: MRED | $399,900 0.2% |
|
| 6/5/2026Source: MRED | June 05, 2026 |
|
| 6/20/2022Source: MRED | January 27, 2022 |