$790,000
$790,000
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7617 S Colfax Avenue Chicago, IL 60649
Key Details
Sold Price $790,000
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12174826
Sold Date 01/10/25
Year Built 1960
Annual Tax Amount $6,255
Tax Year 2023
Lot Dimensions 125X25
Property Sub-Type Multi Family 5+
Property Description
Low maintenance California style 10 unit building in the South Shore neighborhood. All 1 BD/1 BA unit layouts. All units fully renovated in the last 5 yrs with stainless steel appliances, new flooring and new mechanicals. All units have dedicated water tanks and in-unit washer/dryer. Tenant paid electric and baseboard heat keeps owner expenses very low. Large parking lot located alongside property. Pro-forma 10%+ CAP rate on a turn key building.
Location
State IL
County Cook
Zoning MULTI
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
View Y/N true
Read Less
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Bought with Kevin Little • @properties Christie's International Real Estate