8143 South Colfax, Chicago IL 60617
- Units 4
- Total Beds 8
- Total Baths 4
- Taxes $2,954
- Payment Estimate View Mortgage Calculator
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Property Description
As-is 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!?
Features & Information
Key Details
- List Price $425,000
- Property Taxes $2,954
- Price/ Sq. Ft. Unavailable
- Year Built 1947
- Parking Type Space/s
- Status Contingent
Rooms
- Total Rooms 16
- Basement F
Exterior Features
-
Parking
- Parking Details Space/s
- # of Cars: 4
Building Information
- Number of Units 4
- Age of Building 71-80 Years
- Exterior Construction Brick
- Foundation Block,Concrete
- Heating & Cooling Gas
-
Units
- Unit 1 Stove, Refrigerator
- Unit 2 Stove, Refrigerator
- Unit 3 Stove, Refrigerator
- Unit 4 Stove, Refrigerator
Location
- County Cook
- Township Hyde Park
- Corporate Limits Chicago
- Directions to Property 83 South Chicago/east To Colfax End At 8141-8143
-
Schools
- Elementary School District 299
- Junior High District 299
- High School District: 299
-
Property Taxes
- Tax 2954
- Tax Year 2023
- Parcel Identification Number 21311200310000
Utilities
- Sewer Sewer-Publ
Listed by Stephani Jeffery for Keller Williams ONEChicago | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 7/1/2025 3:32 PM. 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.
Explore South Chicago
In a community that once buzzed with the heavy production of US Steel (one of the country's major steel manufacturers), South Chicago is a neighborhood rich in history centered about industry and organized labor. Today, these former industrial areas near Lake Michigan are some of the last few fleeting frontiers for development in the city. Acres of land along South Chicago's lakefront have not yet been built up — begging the interest of commercial and residential developers who continue to push south in search of prime real estate property. The neighborhood is bordered to the west by the Chicago Skyway, providing the region with good transportation. Both public schools and private academies dot the area, affording families their choice of scholastic options.
Mortgage Calculator
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