8239 S Colfax Avenue, Chicago IL 60617
Property Description
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!**One of the LLC members is an Illinois licensed Realtor (Not Listing Brokers)**
Features & Information
Key Details
- List Price $399,900
- Property Taxes $4,038
- Year Built 1922
- Status Active
- List Market Time 48
Units
-
Unit 1
- Floor 1
- Rooms 7
- Beds 4
- Baths 1
- Appliances Stove, Refrigerator
- Rent $1,400/mo
- Tenant Pays Electric,Gas
- Lease Expires MTM
-
Unit 2
- Floor 1
- Rooms 7
- Beds 4
- Baths 2
- Appliances Stove, Refrigerator
- Rent $1,400/mo
- Tenant Pays Electric,Gas
- Lease Expires MTM
-
Unit 3
- Floor 2
- Rooms 4
- Beds 2
- Baths 1
- Appliances Stove, Refrigerator
- Rent $1,000/mo
- Tenant Pays Electric,Gas
- Lease Expires MTM
-
Unit 4
- Floor 2
- Rooms 4
- Beds 2
- Baths 1
- Appliances Stove, Refrigerator
- Tenant Pays Electric,Gas
- Lease Expires VAC
Exterior Features
-
Parking
- # of Cars: 4
Building Information
- Number of Units 4
- Age of Building 100+ Years
Location
- County Cook
- Township Hyde Park
- Corporate Limits Chicago
- Directions to Property 83rd Street To Colfax, North To Property
-
Schools
- Elementary School District 299
- Junior High District 299
- High School District: 299
-
Property Taxes
- Tax 4038.45
- Tax Year 2024
- Tax Exemptions None
- Parcel Identification Number 21311270470000
Listed by Jose Martinez for RE/MAX Mi Casa | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 7/31/2026 10:02 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.
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