Chicago, IL 60649,7831 S COLFAX AVE
Chicago, IL 60649,7831 S COLFAX AVE
Chicago, IL 60649,7831 S COLFAX AVE
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$550,000
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Active Under Contract

7831 S COLFAX AVE Chicago, IL 60649

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Michael Di Giovanni

Michael Di Giovanni

+1(773) 583-2274

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 12466306

Maintenance Fees $2,000

Year Built 1915

Annual Tax Amount $7,999

Tax Year 2023

Lot Dimensions 8371

Property Sub-Type Multi Family 5+

Property Description

Stunning 8-Unit Gem in South Shore! Just a few blocks from beautiful Lake Michigan, this fully occupied 8-unit building offers an incredible opportunity in one of Chicago's most vibrant neighborhoods. Featuring all-new electric, plumbing, and HVAC, plus a newer roof with skylight and two brand-new rear porches. All city violations have been cleared and title is clean.Each unit showcases spacious layouts with hardwood floors, ceramic tile kitchens and baths, and fire-rated unit doors for added safety. The building includes six oversized 3-bed/1-bath units with formal dining and living rooms, one large 2-bed/1-bath garden unit, and one 1-bed/1-bath garden unit-all generously sized. The property is fully occupied with clean, responsible tenants, and all tenants pay their own utilities. Current rents are well below market value, creating a prime value-add opportunity for investors. Whether you're seeking strong cash flow now or long-term upside through rent growth, this South Shore gem delivers both. Easy to Show - Show with Confidence!

Location

State IL

County Cook

Area Chi - South Shore

Zoning MULTI

Interior

Fireplace N

Building

Dwelling Type Multi Family 5+

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Damaris Santiago of  Manage Chicago, Inc. 

Nearby Locations

SCHOOLSPROPERTIES
Elementary Schools 20
  • 9

    Earhart Options for Knowledge Elementary School

    Public | KG - 6

  • 8

    McDowell Elementary School

    Public | KG - 5

  • 6

    Murray Elementary Language Academy

    Public | KG - 8

  • 5

    Ray Elementary School

    Public | PK - 8

  • 5

    Woodlawn Elementary Community School

    Public | PK - 6

  • 5

    Carnegie Elementary School

    Public | PK - 8

  • 5

    Harte Elementary School

    Public | PK - 8

  • 5

    Hoyne Elementary School

    Public | KG - 6

  • 5

    Marsh Elementary School

    Public | PK - 8

  • 4

    Black Magnet Elementary School

    Public | KG - 8

  • 4

    Warren Elementary School

    Public | PK - 8

  • 4

    Coles Elementary Language Academy

    Public | KG - 8

  • 3

    Wadsworth Elementary School

    Public | PK - 8

  • 3

    Univ of Chicago Charter Schools

    Public | PK - 12

  • 3

    Parkside Elementary Community Academy

    Public | PK - 8

  • 3

    Bouchet Math and Science Academy Elementary School

    Public | KG - 8

  • 3

    Burnham Elementary School

    Public | PK - 8

  • 3

    Taylor Elementary School

    Public | PK - 8

  • 2

    Smith W. Elementary School

    Public | PK - 8

  • 2

    Shabazz International Charter Schls

    Public | KG - 12

Middle Schools 1
  • 0

    Camelot Safe Academy School

    Public | 6 - 12

High Schools 11
  • 8

    South Shore International College Prep High School

    Public | 12 - 12

  • 6

    Hyde Park Academy High School

    Public | 9 - 12

  • 3

    Chicago Vocational Career Academy High School

    Public | 9 - 11

  • 1

    Hirsch Metropolitan High School

    Public | 9 - 12

  • 1

    Epic Academy High School

    Public | 9 - 12

  • 0

    Magic Johnson - Roseland High School

    Public | 9 - 12

  • 0

    School of Leadership High School

    Public | 11 - 12

  • 0

    Winnie Mandela High School

    Public | 9 - 12

  • 0

    Bowen High School

    Public | 9 - 12

  • 0

    Camelot Safe Academy High School

    Public | 9 - 12

  • 0

    St Francis de Sales High School

    Private | 9 - 12

School and business data provided by Attom Data.

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Michael Di Giovanni

Michael Di Giovanni

Broker Associate | License ID: 475119822

+1(773) 583-2274

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7831 S COLFAX AVE