Excellent starter investment or owner occupant home. The property features new exterior fascia and new gutters as of September 2022. This property is the perfect opportunity for either; an owner occupant, or a new or experienced investor to buy a turnkey rental property with a great tenant already in place. Earn instant cash flow by purchasing an investment property that it already generating income the second you close. This property has a long term (10 years +), conscientious, Section 8 lease tenant and voucher holder ($1,253.00 per month total rent) through September 2023 who wants to stay and renew their lease. The back yard has a parking pad for two cars that could easily be built out or converted into a garage parking area. Being sold as is, and short notice showings might be possible (although 48 hours notice is definitely preferred). Schedule to see this one as soon as possible.
Closed
$111,000
8606 S Colfax Ave, Chicago, IL 60617
5beds
956sqft
Single Family Residence
Built in 1914
3,746.16 Square Feet Lot
$162,700 Zestimate®
$116/sqft
$2,637 Estimated rent
Home value
$162,700
$125,000 - $200,000
$2,637/mo
Zestimate® history
Owner options
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$2,637/mo
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$2,637/mo
Rent Zestimate®
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$653/mo
Est. payment
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$653/mo
Est. payment
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List your homeWhat's special
New guttersNew exterior fascia
Zillow last checked:
Listing updated:
Listing courtesy of:
Christopher Thomas 773-770-5947,
EXIT Strategy Realty
Bought with:
Yasir Malik
Kairos Brokerage LLC
Source: MRED as distributed by MLS GRID,MLS#: 11793541
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Features: Flooring (Carpet)
- Level: Main
- Area: 84 Square Feet
- Dimensions: 12X7
Bedroom 2
- Features: Flooring (Carpet)
- Level: Main
- Area: 70 Square Feet
- Dimensions: 10X7
Bedroom 3
- Features: Flooring (Carpet)
- Level: Main
- Area: 63 Square Feet
- Dimensions: 9X7
Bedroom 4
- Features: Flooring (Other)
- Level: Basement
- Area: 72 Square Feet
- Dimensions: 9X8
Bedroom 5
- Features: Flooring (Other)
- Level: Basement
- Area: 72 Square Feet
- Dimensions: 9X8
Dining room
- Features: Flooring (Hardwood)
- Level: Main
- Area: 196 Square Feet
- Dimensions: 14X14
Kitchen
- Features: Kitchen (Eating Area-Table Space), Flooring (Vinyl)
- Level: Main
- Area: 96 Square Feet
- Dimensions: 12X8
Laundry
- Features: Flooring (Other)
- Level: Basement
- Area: 120 Square Feet
- Dimensions: 20X6
Living room
- Features: Flooring (Hardwood)
- Level: Main
- Area: 224 Square Feet
- Dimensions: 16X14
Heating
- Natural Gas, Forced Air
Cooling
- Wall Unit(s)
Appliances
- Included: Range
- Laundry: Gas Dryer Hookup, In Unit
Features
- 1st Floor Bedroom
- Flooring: Hardwood, Carpet
- Basement: Partially Finished,Storage Space,Full
Interior area
- Total structure area: 1,434
- Total interior livable area: 956 sqft
Property
Parking
- Total spaces: 2
- Parking features: Off Alley, Garage Faces Side, On Site, Owned
- Has garage: Yes
Accessibility
- Accessibility features: No Disability Access
Features
- Stories: 1
- Patio & porch: Patio
Lot
- Size: 3,746 sqft
- Dimensions: 30 X 125
- Features: None
Details
- Additional structures: None
- Parcel number: 21313270230000
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Foundation: Concrete Perimeter
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1914
Details
- Builder model: N
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Curbs, Sidewalks, Street Lights, Street Paved
Location
- Region: Chicago
HOA & financial
HOA
- Services included: None
Other
Other facts
- Listing terms: Cash
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 11/21/2023 | Sold | $111,000+1%$116/sqft |
Source:  MRED as distributed by MLS GRID #11793541 Report a problem | ||
| 10/9/2023 | Contingent | $109,900$115/sqft |
Source: MRED as distributed by MLS GRID #11793541 Report a problem | ||
| 5/27/2023 | Listed for sale | $109,900$115/sqft |
Source: MRED as distributed by MLS GRID #11793541 Report a problem | ||
| 1/15/2023 | Listing removed | -- |
Source:  Exit Realty Report a problem | ||
| 10/4/2022 | Price change | $109,900-4.4%$115/sqft |
Source: MRED as distributed by MLS GRID #11466651 Report a problem | ||
| 8/3/2022 | Price change | $114,900-4.2%$120/sqft |
Source: MRED as distributed by MLS GRID #11466651 Report a problem | ||
| 7/16/2022 | Listed for sale | $119,900+60.1%$125/sqft |
Source: MRED as distributed by MLS GRID #11466651 Report a problem | ||
| 11/27/2019 | Listing removed | $74,900$78/sqft |
Source: American Realty Properties Inc #10480296 Report a problem | ||
| 9/4/2019 | Price change | $74,900-6.3%$78/sqft |
Source: American Realty Properties Inc #10480296 Report a problem | ||
| 8/9/2019 | Listed for sale | $79,900-53%$84/sqft |
Source: American Realty Properties Inc #10480296 Report a problem | ||
| 2/6/2008 | Listing removed | $170,000$178/sqft |
Source: Owner Report a problem | ||
| 8/29/2007 | Listed for sale | $170,000+19.3%$178/sqft |
Source: Owner Report a problem | ||
| 6/8/2005 | Sold | $142,500$149/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $6,701 +3.1% |
| 2023 | $1,371 +2.6% | $6,500 |
| 2022 | $1,337 +2.3% | $6,500 |
| 2021 | $1,307 -30.3% | $6,500 -22.8% |
| 2020 | $1,875 -0.2% | $8,415 -10% |
| 2019 | $1,879 +1.7% | $9,351 |
| 2018 | $1,847 -10.5% | $9,351 -2.5% |
| 2017 | $2,064 +7.5% | $9,589 |
| 2016 | $1,921 +9.3% | $9,589 |
| 2015 | $1,757 +16.3% | $9,589 +17.8% |
| 2014 | $1,511 +2% | $8,142 |
| 2013 | $1,481 +1.4% | $8,142 |
| 2012 | $1,461 -17.8% | $8,142 -25.7% |
| 2011 | $1,777 -0.4% | $10,963 |
| 2010 | $1,784 +4.4% | $10,963 |
| 2009 | $1,709 -7.2% | $10,963 -14.6% |
| 2008 | $1,842 +1% | $12,843 |
| 2007 | $1,824 -1.1% | $12,843 |
| 2006 | $1,844 +40.1% | $12,843 +59.5% |
| 2005 | $1,316 +1% | $8,054 |
| 2004 | $1,303 +2.2% | $8,054 |
| 2003 | $1,274 +4% | $8,054 +18.1% |
| 2002 | $1,226 +92.7% | $6,822 |
| 2001 | $636 +111.4% | $6,822 |
| 2000 | $301 | $6,822 +45.9% |
| 1999 | -- | $4,677 |
Find assessor info on the county website
Neighborhood: South Chicago
Nearby schools
GreatSchools rating
- 4/10Coles Elementary Language AcademyGrades: PK-8Distance: 0.3 mi
- 1/10Bowen High SchoolGrades: 9-12Distance: 0.4 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
$162,700
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
$162,700
- Illinois
- Cook County
- Chicago
- 60617
- South Chicago
- 8606 S Colfax Ave
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