7721 S Colfax Ave - Apartments FOR SALE


Chicago, IL 60649- South Shore
$650,000 USD
312-662-9590
7721 S Colfax Ave, Chicago, IL for Sale
$650,000 USD
Apartments - FOR SALE
1/6
null | 10.85% Cap Rate

7721 S Colfax Ave
Chicago, IL 60649
South Shore


HIGHLIGHTS

  • South Shore neighborhood
  • 9 residential units
  • Strong cash flow potential
  • Ability to capture higher rental rates
  • Immediate income-generating asset
  • Strategic repositioning potential

OVERVIEW

7721 S Colfax Avenue is an 9-unit multifamily building strategically located in South Shore, offering investors strong cash flow potential in a supply-constrained Chicago market. The property provides an opportunity to acquire a multifamily asset with immediate income-generating capabilities. This building presents a solid investment opportunity for investors seeking a cash-flowing asset in one of Chicago's evolving neighborhoods. The property generates reliable income and offers the potential for long-term value appreciation in a market with limited multifamily supply

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$65 USD /SF

# OF UNITS

9

PRICE/UNIT

$72,222

CAP RATE

10.85%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,364 SF

ZONING

RT-4

APN/PARCEL ID

21-30-322-007-0000

ASK ABOUT THIS PROPERTY

Brian Mond33 RealtyMore Info
312-662-9590

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Brian Mond33 RealtyMore Info
312-662-9590

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.