8143 S Colfax Avenue
Chicago, IL, 60617
$425,000
8 Beds
4 Baths
0 SqFt
0 Acres
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$425,000
8143 S Colfax Avenue
Chicago, IL, 60617
MLS #MRD12384705 img 0MLS #MRD12384705 img 1MLS #MRD12384705 img 2
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!?

Property Details

Price:
$425,000
MLS #:
MRD12384705
Status:
Active Under Contract
Beds:
8
Baths:
4
Type:
Multi Family
Neighborhood:
CHI – South Chicago
City:
Chicago
Listed Date:
Jun 4, 2025
State:
IL
ZIP:
60617
Year Built:
1947

Schools

School District:
299

Interior

Heating
Natural Gas

Exterior

Community Features
Park, Tennis Court(s), Lake, Curbs, Sidewalks, Street Lights, Street Paved
Construction Materials
Brick
Parking Features
Off Alley, Alley Access, On Site, Owned
Parking Spots
4
Roof
Asphalt

Financial

Tax Year
2023
Taxes
$2,954
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Debra Dobbs

Debra Dobbs

Realtor®

Phone 312 307-4909

Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

More About Debra

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Courtesy of Keller Williams ONEChicago. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Chicago, IL. Detailed information about real estate listings held by brokerage firms other than Compass / The Debra Dobbs Group include the name of the listing broker. Neither the listing company nor Compass / The Debra Dobbs Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. Chicago, IL. All rights reserved.
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8143 S Colfax Avenue
Chicago, IL