8239 S Colfax Avenue Chicago, IL $ 429,900
8239 S Colfax Avenue
$ 429,900
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8239 S Colfax Avenue

Chicago, IL, 60617
$ 429,900
Bedrooms12 Baths5.0

Monthly Estimate*

$ 2,682

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Multi-Family Home for sale in Chicago, IL

for $429,900 with 12 bedrooms and 5 full baths. This home was built in 1922.

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!

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Multi-Family Active

Price

$ 429,900

Bedrooms

12

Full Bath

5

Property Type

Multi-Family

Taxes

$ 4,038

Style

Year Built

1922

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12531965

Features
General
Sewer Public Sewer
Heating Natural Gas Forced Air
Possession Tenant's Rights
Zoning MULTI
Construction Materials Brick
Year Built 1922
Township Hyde Park
Tax Year 2024
Ownership Fee Simple
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 20
Status New
Directions 83rd Street to Colfax North to property
City Chicago
High School District 299
MLS Area CHI - South Chicago
Tax Annual Amount 4038.45
Additional Parcels Y/N N
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Finished Full
Total Bedrooms 12
Total Baths 5
Bedrooms Possible 12
Full Baths Building 5
Half Baths Building 0
Total Number of Units 4
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Exterior
Parking Features Yes Owned
Water Source Public
Total Parking 4
Lot Dimensions 5750
Waterfront Y/N N
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* Excluded Features
List By
Re/Max Mi Casa

Broker

jrm@joseramonmtz.com

Email

Affordability Calculator

$3,019
Per Month
89%
11%
0%
Monthly Principal & Interest
$2,682
Monthly Property Taxes
$337
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/19/2025$429,900 Listed Price

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8239 S Colfax Avenue, Chicago, IL, 60617 is a Multi-Family Home for sale at $429,900. 8239 S Colfax Avenue has 12 bedrooms, 5.0 baths, and was built in 1922. The property's zip code is 60617 which is in Chicago, IL