Fantastic investment opportunity in the heart of South Chicago! This solid brick 4-unit building offers 12 total bedrooms and 5 bathrooms, providing excellent potential for strong rental income. Each spacious unit includes a stove and refrigerator, and all utilities are separately metered for gas and electric, offering added convenience for management. A full finished basement provides additional space and versatility. All tenants are currently month-to-month, making this a great option for investors or owner-occupants interested in house hacking. The property also features 4 exterior parking spaces in the rear and sits on an extra-wide 125x46 ft. lot. Located close to parks, schools, public transit, and everyday amenities, this building offers a smart opportunity to grow long-term value. With low taxes and strong rental potential, this is a must-see property. Don't miss your chance to build equity and secure steady cash flow!**One of the LLC members is an Illinois licensed Realtor (Not Listing Brokers)**
Active
$399,900
8239 S Colfax Ave, Chicago, IL 60617
12beds
--sqft
Multi Family
Built in 1922
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Spacious unit
- --
- 140
- views
- 17
- saves
Zillow last checked:
Listing updated:
Listed by:
Jose Ramon Martinez (773)964-5661,
RE/MAX Mi Casa,
Joe Castillo, SFR,
RE/MAX Mi Casa
Source: MRED as distributed by MLS GRID,MLS#: 12669970
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Natural Gas, Forced Air
Features
- Basement: Finished,Full
Property
Parking
- Total spaces: 4
- Parking features: Yes, Owned
Lot
- Size: 5,750 Square Feet
Details
- Parcel number: 21311270470000
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
- Year built: 1922
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Chicago
Financial & listing details
- Annual tax amount: $4,038
- Date on market: 6/5/2026
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/5/2026 | Listing removed | $439,900 |
Source: MRED as distributed by MLS GRID #12626593 Report a problem | ||
| 4/27/2026 | Listed for sale | $439,900+2.3% |
Source: | ||
| 3/6/2026 | Listing removed | $429,900 |
Source: | ||
| 12/19/2025 | Listed for sale | $429,900-8.5% |
Source: | ||
| 8/15/2025 | Listing removed | $469,900 |
Source: | ||
| 8/5/2025 | Listed for sale | $469,900+70.9% |
Source: | ||
| 3/10/2023 | Listing removed | -- |
Source: | ||
| 10/18/2022 | Listing removed | $275,000 |
Source: | ||
| 8/2/2022 | Price change | $275,000-12.4% |
Source: | ||
| 7/7/2022 | Price change | $314,099-10% |
Source: | ||
| 5/20/2022 | Price change | $348,9990% |
Source: | ||
| 5/11/2022 | Price change | $349,000-3.1% |
Source: | ||
| 4/11/2022 | Listed for sale | $360,000+100% |
Source: | ||
| 10/6/2018 | Listing removed | $180,000 |
Source: Hometown Real Estate #10045344 Report a problem | ||
| 9/3/2018 | Price change | $180,000-5.3% |
Source: Hometown Real Estate #10045344 Report a problem | ||
| 8/8/2018 | Listed for sale | $190,000+111.1% |
Source: Hometown Real Estate #10045344 Report a problem | ||
| 5/3/2018 | Listing removed | $700 |
Source: Ware Family Real Estate Report a problem | ||
| 3/19/2018 | Listed for rent | $700 |
Source: Ware Family Real Estate Report a problem | ||
| 12/1/2016 | Sold | $90,000 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: South Chicago
Nearby schools
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.





