7542 Colfax Avenue, South Shore, Chicago, Illinois 60649
$350,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 9 |
| Baths: | 0 |
| Year Built: | 1926 |
| Property Taxes: | $5,407 |
| Days On Market: | 1539 |
| Lot Size: | 0,08 |
Description
7452 S. Colfax is comprised of (3) 3bd 1ba units boasting approximately 1500 sf of living space. All of the units and building was completed renovated in 2016/2017. All of the in-unit improvements included, but limited to: Kitchen Cabinets, granite Counter Tops & Mosaic Tile Backsplashes, New Engineered Hardwood Floors, Brush Nickel Faucets. GE Appliances, Bathrooms, light fixtures, and ceiling fans. The capital improvements include, but not limited to: new electrical service with GFCI's, plumbing, new windows, HVAC, trim, doors, new porches (2021), and more! This fantastic 3-flat provides an investor the opportunity to acquire their first property or a seasoned investor who wants to add more units with low-density and grow their exiting portfolio. There are two CHA tenants currently in the renting, where CHA pays 100% of the rent. The third tenant is market. The current Gross Scheduled Rent income is $42,600, but in this listing, an estimated 5% vacancy/credit loss is taken into consideration which brings the Gross Operating Income to $40,470. The second option is to purchase this property as an owner-occupied buyer and take advantage of the rents from the other units to cover your mortgage and then some! **NOTE** This property can also be purchased with 7656 S. Colfax (same owner) MLS#1118340 . Call listing agent for more details on all opportunities.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1926 | |
| Full | |
| — | |
| No | |
| 0.08 |
| Cook | |
| — | |
| — / — | |
| — | |
| Lake Michigan | |
| Public Sewer | |
| 11188329 | |
| 21303030130000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 30 Sep, 2014 | Sold | $36,500 | MRED MLS |
| 23 Aug, 2014 | Under contract | $49,995 | MRED MLS |
| 13 Aug, 2014 | Listed for sale | $49,995 | MRED MLS |
| 30 Dec, 2021 | Sold | $350,000 | MRED MLS |
| 28 Oct, 2021 | Under contract | $415,000 | MRED MLS |
| — | Last price change | $425,000 | MRED MLS |
| 12 Aug, 2021 | Listed for sale | $425,000 | MRED MLS |
Room Specifics
Total Bedrooms: 9
Bedrooms Above Ground: 9
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
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Floor Type: —
Dimensions: —
Floor Type: —
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Floor Type: —
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Full Bathrooms: 3
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: Unfinished
Other Specifics
| — | |
| Brick/Mortar,Concrete Perimeter | |
| — | |
| — | |
| — | |
| 30' X 125' | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| — | |
| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2014 | $3,158 |
| 2021 | $5,407 |
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