8349 S Colfax Avenue Chicago, IL ^$ 279,000

8349 S Colfax Avenue

^$ 279,000

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8349 S Colfax Avenue

Chicago, IL, 60617

^$ 279,000

Bedrooms3 Baths2.0

Monthly Estimate*

^$ 1,762

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Multi-Family Home for sale in Chicago, IL

for $279,000 with 3 bedrooms and 2 full baths. This home was built in 1899.

This turnkey 2-flat in South Chicago offers the perfect blend of cash flow and value-add potential. Each unit features updated finishes including newer flooring, granite countertops, and modern cabinetry. First-floor unit offers 2BR/1BA, while the second unit includes 1BR + office-ideal for flexible living or maximizing rental income. Full unfinished basement and attic provide excellent expansion opportunities to increase equity. Detached 2-car garage and a peaceful backyard complete the property. Conveniently located near the 83rd St Metra, bus lines, parks, and local amenities. Ideal for investors or owner-occupants looking to house hack and build long-term wealth.

Multi-Family Active

Price

^$ 279,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 3,335

Style

Year Built

1899

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12601916

Features

General

Sewer Public Sewer

Heating Natural Gas Forced Air

Possession Closing Tenant's Rights

Garage Spaces 2

Construction Materials Frame

Year Built 1899

Township Hyde Park

Tax Year 2024

Ownership Fee Simple

County Cook

New Construction N

Property Type Residential Income Two to Four Units

Total Rooms 10

Status Active

Directions E on 83rd Right on Colfax to property

City Chicago

High School District 299

MLS Area CHI - South Chicago

Tax Annual Amount 3335.27

Standard Status Active

Middle/Junior School District 299

Elementary School District 299

Interior

Basement Unfinished Full

Total Bedrooms 3

Total Baths 2

Bedrooms Possible 3

Full Baths Building 2

Half Baths Building 0

Total Number of Units 2

Exterior

Parking Features Yes Garage Owned Detached Garage

Water Source Public

Total Parking 2

Lot Dimensions 30X125

Waterfront Y/N N

* Excluded Features

List By

Real Property Management Group Chicago

Broker

lunatheagent@gmail.com

Affordability Calculator

$2,040

Per Month

Monthly Principal & Interest: $1,762
Monthly Property Taxes: $278
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% 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

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$621,453

Percent of Sale Price 123%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

566059 Elementary School

566846 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/2/2026	$279,000	-7.00%	Price Down
4/2/2026	$299,999	0.00%	Price Down
4/1/2026	$300,000		Listed Price

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8349 S Colfax Avenue, Chicago, IL, 60617 is a Multi-Family Home for sale at $279,000. 8349 S Colfax Avenue has 3 bedrooms, 2.0 baths, and was built in 1899. The property's zip code is 60617 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 6/28/2026.

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8349 S Colfax Avenue

Multi-Family Home for sale in Chicago, IL

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