8239 S Colfax Avenue, Chicago, IL 60617
Cook County
Key Facts
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!**Building full address is 8239-41**One of the LLC members is an Illinois licensed Realtor (Not Listing Brokers)**
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1922
Lot Dimensions
5750
Parking Spaces
4
Ownership
Fee Simple
Zoning
MULTI
Days on Market
33
MLS® Listing#
12669970
Property Features
Heating
Basement
Construction
Sewer
Water Source
Financial Details
Annual Taxes
$4,038
Tax year 2024
Parcel Number
21311270470000
Directions
83rd Street to Colfax, North to property
Affordability Calculator
$79,980
Estimated monthly payment
$2,128/mo
Principal $319,920 · Est. interest $446,317 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Chicago, IL
- $388,137
- Median Listing Price
- 47
- Median Days on Market
- 1,429
- Median Sq Ft
- $276
- Median Price / Sq Ft
- 4,628
- Active Listings
- This home’s price is 3% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Chicago, IL.
Location
Points of Interest in Chicago, IL
Showing the Chicago area map.
Nearby Schools
Qodesh Educational Institute
School · 0.1 mi away
Chicago Public Schools
School · 0.3 mi away
Chicago Public Schools
Elementary · 0.4 mi away
Eastside Academy of Early
School · 0.5 mi away
A Child's World Early Learning Center
School · 0.6 mi away
Chicago Public Schools
School · 0.6 mi away
Bradwell School of Excellence
Elementary · 0.7 mi away
St. Michael the Archangel Catholic School Chicago, Il
School · 0.7 mi away
Camelot Safe Academy School
School · 0.7 mi away
C R Phillips Child Development Center
School · 0.8 mi away
Baker College Prep, A Noble School
School · 0.8 mi away
Bowen High School
Secondary · 0.8 mi away
Immaculate Conception School
School · 0.8 mi away
Chicago Public Schools
School · 0.8 mi away
Chicago Vocational Career Academy
School · 0.8 mi away
Noelle's Kiddie College
School · 0.8 mi away
Winnie Mandela High School
Secondary · 0.9 mi away
Chicago Public Schools
Elementary · 0.9 mi away
Sullivan House High School
Secondary · 0.9 mi away
William K New Sullivan Elementary School
Elementary · 0.9 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 8942 S Baltimore Avenue, Chicago, IL | $319,000 | 11 | 3 | — |
| 13351 S Baltimore Avenue, Chicago, IL | $329,000 | 15 | 4 | — |
| 3931 W Grenshaw Street, Chicago, IL | $399,900 | 11 | 5 | — |
| 1215 Division Street, Chicago Heights, IL | $449,000 | 12 | 8 | — |
| 6406 S Maplewood Avenue, Chicago, IL | $450,000 | 14 | 2 | — |
| 5718 S GREEN Street, Chicago, IL | $470,999 | 12 | 6 | — |
Moving Cost Estimate
EXIT Agents in Chicago
Listing Courtesy: RE/MAX Mi Casa - (773) 964-5661
Last Updated: 2026-06-05