$469,900
8239 S Colfax Avenue
Chicago, IL, 60617
Incredible investment opportunity in the heart of South Chicago! This solid brick 4-unit building features a total of 12 bedrooms and 5 bathrooms, offering an excellent rental income potential. Each spacious unit is equipped with stove and refrigerator, and includes separately metered gas and electric, making management more efficient. Full finished basement offers additional space and flexibility. Tenants are currently month-to-month, making this an ideal option for both investors and owner-occupants looking to house hack. The property also includes 4 exterior parking spaces in the rear and is situated on a generous 124.7 x 46 ft. lot. Conveniently located near parks, schools, public transit, and local amenities. With low taxes and strong rental income, this is a must-see property in a growing area. Don’t miss this chance to build equity and secure consistent cash flow.
Property Details
Price:
$469,900
MLS #:
MRD12434582
Status:
Active
Beds:
12
Baths:
5
Address:
8239 S Colfax Avenue
Type:
Multi Family
Neighborhood:
CHI – South Chicago
City:
Chicago
Listed Date:
Aug 5, 2025
State:
IL
ZIP:
60617
Year Built:
1922
Schools
School District:
299
Interior
Heating
Natural Gas, Forced Air
Exterior
Construction Materials
Brick
Parking Features
Garage Faces Side, On Site, Owned
Parking Spots
4
Financial
Tax Year
2023
Taxes
$2,532
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
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8239 S Colfax Avenue
Chicago, IL
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