Seize a prime investment opportunity in Chicago's historic South Shore neighborhood with this large, beautiful 3-flat building, minutes from the lakefront and the anticipated Obama Presidential Center. Ideal for investors or first-time home buyers looking to occupy one unit and rent the others, this property combines functionality with potential. The building features huge units equipped with stainless steel appliances, with the top two boasting granite countertops and tile backsplashes, blending practicality with style. High quality, low maintenance and modern touches make it an excellent investment. Separate utilities for heating and electricity ensure ease of management and individual cost control. The potential to duplex the first floor with basement offers additional versatility for enhancing living space or capture additional rental income. With attractive financing options, including new loan programs with as little as 5% down and grants for first-time homebuyers, ownership is within reach. Priced to sell, this property is a smart choice for those looking to invest in a neighborhood known for its community spirit and historical value. Don't miss your chance to own in South Shore!!
Closed
$415,188
7436 S Colfax Ave, Chicago, IL 60649
8beds
--sqft
Multi Family
Built in 1920
-- sqft lot
$468,600 Zestimate®
$--/sqft
$1,469 Estimated rent
Home value
$468,600
$431,000 - $506,000
$1,469/mo
Zestimate® history
Owner options
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$1,469/mo
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$1,469/mo
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$2,931/mo
Est. payment
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$2,931/mo
Est. payment
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List your homeWhat's special
Modern touchesPresidential centerHistoric south shore neighborhoodLow maintenanceNew loan programsSeparate utilitiesHuge units
Zillow last checked:
Listing updated:
Listing courtesy of:
Amir Abed 312-890-7694,
Kale Realty
Bought with:
Maria Dulce Ramos
Chicago Sweet Homes Realty Inc
Source: MRED as distributed by MLS GRID,MLS#: 12006879
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas
Features
- Basement: Unfinished,Full
Property
Lot
- Size: 3,978 sqft
- Dimensions: 34 X 117
Details
- Parcel number: 21301180120000
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
- Year built: 1920
- Major remodel year: 2017
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan, Public
Community & neighborhood
Location
- Region: Chicago
Other
Other facts
- Listing terms: Other
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 5/16/2024 | Sold | $415,188+52.1% |
Source:  MRED as distributed by MLS GRID #12006879 Report a problem | ||
| 6/30/2017 | Sold | $273,000+160% |
Source: MRED as distributed by MLS GRID #09612523 Report a problem | ||
| 11/10/2016 | Sold | $105,000+425% |
Source: Public Record Report a problem | ||
| 3/16/2011 | Sold | $20,000-92.9% |
Source: Public Record Report a problem | ||
| 5/12/2004 | Sold | $280,000+9.8% |
Source: Public Record Report a problem | ||
| 10/19/2001 | Sold | $255,000+91.7% |
Source: Public Record Report a problem | ||
| 6/25/2001 | Sold | $133,000+26.7% |
Source: Public Record Report a problem | ||
| 4/7/1997 | Sold | $105,000+50% |
Source: Public Record Report a problem | ||
| 4/28/1994 | Sold | $70,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $28,900 +60.6% |
| 2023 | $3,109 +3.7% | $18,000 |
| 2022 | $2,999 +1.7% | $18,000 |
| 2021 | $2,950 -9.9% | $18,000 +1.1% |
| 2020 | $3,274 -19.4% | $17,801 -12% |
| 2019 | $4,064 +1.7% | $20,229 |
| 2018 | $3,996 +5.7% | $20,229 +15.2% |
| 2017 | $3,781 -5.3% | $17,565 -11.8% |
| 2016 | $3,991 +4% | $19,925 -4.9% |
| 2015 | $3,838 +4.5% | $20,945 +5.8% |
| 2014 | $3,674 +2% | $19,804 |
| 2013 | $3,602 +1.4% | $19,804 |
| 2012 | $3,554 -13.2% | $19,804 -21.6% |
| 2011 | $4,094 -0.4% | $25,264 |
| 2010 | $4,111 +4.4% | $25,264 |
| 2009 | $3,940 -12.4% | $25,264 -19.4% |
| 2008 | $4,499 +1% | $31,362 |
| 2007 | $4,454 -1.1% | $31,362 |
| 2006 | $4,502 +30.2% | $31,362 +48.2% |
| 2005 | $3,458 +1% | $21,161 |
| 2004 | $3,423 +2.2% | $21,161 |
| 2003 | $3,349 +14.4% | $21,161 +29.9% |
| 2002 | $2,927 +28.6% | $16,291 |
| 2001 | $2,276 -11% | $16,291 |
| 2000 | $2,559 -0.7% | $16,291 +22.3% |
| 1999 | $2,576 | $13,319 |
Find assessor info on the county website
Neighborhood: South Shore
Nearby schools
GreatSchools rating
- 4/10Powell Elementary Paideia Community AcademyGrades: PK-8Distance: 0.3 mi
- 4/10South Shore Intl Col Prep High SchoolGrades: 9-12Distance: 0.8 mi
- 1/10Chicago Vocational Career Academy High SchoolGrades: 9-12Distance: 1.6 mi
Schools provided by the listing agent
- District: 299
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$468,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$468,600
- Illinois
- Cook County
- Chicago
- 60649
- South Shore
- 7436 S Colfax Ave
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