7721 S Colfax Avenue Chicago, IL ^$ 650,000

7721 S Colfax Avenue

^$ 650,000

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7721 S Colfax Avenue

Chicago, IL, 60649

^$ 650,000

Bedrooms2 Baths0.0

Monthly Estimate*

^$ 4,002

7721 S Colfax Avenue, Chicago, IL 60649 - Image 1

7721 S Colfax Avenue, Chicago, IL 60649 - Image 2

7721 S Colfax Avenue, Chicago, IL 60649 - Image 3

7721 S Colfax Avenue, Chicago, IL 60649 - Image 4

7721 S Colfax Avenue, Chicago, IL 60649 - Image 5

Multi-Family Home for sale in Chicago, IL

for $650,000 with 2 bedrooms. This home was built in 1910.

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.

Multi-Family Active

Price

^$ 650,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 12,919

Style

Year Built

1910

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12625339

Features

General

Year Built 1910

Stories Count 4

Tax Year 2024

Gross Income 133380

County Cook

Net Operating Income 85282

Operating Expense 48098

Insurance Expense 8500

Property Type Commercial Sale Multi Family 5+

MaintenanceExpense 5000

Status Active

Directions East to Lake Shore Drive south on LSD all the way - it bends into South Shore Drive around 67th. Follow the curve past the South Shore Cultural Center to 79th St right on 79th right on Colfax. ~30 mi

City Chicago

Number Of Units Total 9

MLS Area CHI - South Shore

Tax Annual Amount 12919

Electric Expense 1284

Fuel Expense 2983

Trash Expense 2515

Water Sewer Expense 6280

Additional Parcels Y/N N

Standard Status Active

Exterior

Lot Dimensions 25x150

* Excluded Features

List By

33 Realty

Broker

bmond@33realty.com

Affordability Calculator

$5,079

Per Month

Monthly Principal & Interest: $4,002
Monthly Property Taxes: $1,077
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% 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 ^$613,490

Percent of Sale Price 6%

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.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/19/2026	$650,000		Listed Price

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7721 S Colfax Avenue, Chicago, IL, 60649 is a Multi-Family Home for sale at $650,000. 7721 S Colfax Avenue has 2 bedrooms, 0.0 baths, and was built in 1910. The property's zip code is 60649 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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 5/26/2026.

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7721 S Colfax Avenue

Multi-Family Home for sale in Chicago, IL

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