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7831 S COLFAX Avenue
Chicago IL 60649 US

$560,000

Active Listing ID 12466306
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$560,000

Active Listing ID 12466306
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7831 S COLFAX Avenue 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!

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Property Features

  • Facts
  • Property Type: Commercial Sale
  • Property Sub-type: Other

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 560000
  • unparsedaddress: 7831 S COLFAX Avenue
  • postalcity: Chicago
  • stateorprovince: IL
  • country: US
  • postalcode: 60649
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 0
  • livingareaunits: Square Feet
  • listagentfullname: Damaris Santiago
  • listagentemail: lsantiago98@managechicago.com
  • listagentkey: 3yd-MREDIL-186343
  • listagentmlsid: 186343
  • listagentpreferredphone: 7739926189
  • listagentofficephone: 7734495151
  • listofficekey: 3yd-MREDIL-18960
  • listagentstatelicense: 475207620
  • listofficemlsid: 18960
  • disclaimer: Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MREDIL
  • yearbuilt: 1915
  • listingcontractdate: 2025-09-08
  • listagenturl: http://www.managechicago.com
  • countyorparish: Cook
  • parcelnumber: 21303290320000
  • numberofunitstotal: 8
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: False
  • architecturalstyle: Other
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Manage Chicago, Inc", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"lsantiago98@managechicago.com", "ListBrokerageCity":"Chicago", "ListBrokerageCountry":"US", "ListBrokerageEmail":"chris@managechicago.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Manage Chicago, Inc", "ListBrokeragePhone":"(773) 569-7325", "ListBrokeragePostalCode":"60617", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"2125 E 83rd St", "ListBrokerageWebsiteUrl":"http://www.managechicago.com", "ListOfficeAddress1":"7118 Yates Blvd", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"168060", "ListOfficeCity":"Chicago", "ListOfficeCountry":"US", "ListOfficeEmail":"chris@managechicago.com", "ListOfficePostalCode":"60649", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"Commercial Sale - Chicago, IL", "ListingURL":"https://listings.listhub.net/pages/MREDIL/12466306/?channel=rexren", "MLSModificationTimestamp":"2025-10-14T12:48:01Z", "Neighborhoods":[{"Description":null, "Name":"CHI - South Shore"}], "PostalCode":null, "RawPropertySubType":null, "RawPropertyType":"Commercial Sale", "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":7999.5, "TaxDescription":null, "TaxYear":"2023"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 10/14/2025 6:05:14 PM GMT
Source Updated Date: 12/5/2025 6:42:08 PM GMT

Courtesy of: Damaris Santiago, Manage Chicago, Inc., lsantiago@managechicago.com

Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.