7656 Colfax Avenue, South Shore, Chicago, Illinois 60649
$345,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 9 |
| Baths: | 0 |
| Year Built: | 2008 |
| Property Taxes: | $4,510 |
| Days On Market: | 1541 |
| Lot Size: | 0,06 |
Description
7656 S. Colfax, built in 2008, is comprised of (3) 3bd 2ba units boasting approximately 1150 sf of living space. All of the in-unit improvements included, but limited to: Kitchen Cabinets, granite Counter Tops & Mosaic Tile Backsplashes, Hardwood Floors, Brush Nickel Faucets. SS Appliances, Bathrooms, light fixtures, ceiling fans, and individual HVACs. 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. All three units are with CHA tenants where CHA pays 100% for two of the units about approx 60% for the third unit. The current Gross Scheduled Rent income is $36,876, but in this listing, a estimated 5% vacancy/credit loss is taken into consideration which brings the Gross Operating Income to $35,032. Furthermore, with lease improvements, the Gross Rents have the potential of reaching $46,800 on a year 1 proforma. 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 7542 S. Colfax (same owner) MLS#11188329 . Call listing agent for more details on all opportunities.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 2008 | |
| None | |
| — | |
| No | |
| 0.06 |
| Cook | |
| — | |
| — / — | |
| — | |
| Lake Michigan | |
| Public Sewer | |
| 11188340 | |
| 21303100240000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 21 Aug, 2014 | Sold | $162,000 | MRED MLS |
| 20 Jun, 2014 | Under contract | $125,000 | MRED MLS |
| 2 Jun, 2014 | Listed for sale | $125,000 | MRED MLS |
| 21 Aug, 2014 | Sold | $162,000 | MRED MLS |
| 20 Jun, 2014 | Under contract | $125,000 | MRED MLS |
| — | Last price change | $125,000 | MRED MLS |
| 2 Jun, 2014 | Listed for sale | $125,000 | MRED MLS |
| 21 Jan, 2015 | Sold | $220,000 | MRED MLS |
| 9 Jan, 2015 | Under contract | $230,000 | MRED MLS |
| 29 Dec, 2014 | Listed for sale | $230,000 | MRED MLS |
| 30 Dec, 2021 | Sold | $345,000 | 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: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 6
Bathroom Amenities: —
Bathroom in Basement: 0
Rooms: —
Basement Description: None
Other Specifics
| — | |
| Concrete Perimeter | |
| — | |
| — | |
| — | |
| 23 X 125 | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| — | |
| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2014 | $4,148 |
| 2015 | $4,148 |
| 2021 | $4,510 |
Contact Agent
Nearby Similar Homes
Nearby Sold Comparables
Contact Agent
Listing Provided By
RE/MAX NEXT
