7646 South Colfax AvenueChicago, IL 60649Price: $568,600

  • Price: $568,600
  • 41 Days on Market
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Federal 30-year interest rate: 5.25% last updated on May 19, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 1923Year Built

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This is a GREAT Investment in a GREAT location! So many changes coming to the area don't miss out on owning a solid property! This building has been owned by the same person for over 30 years and has been kept in good condition. The apartments have nice size bedrooms and spacious living rooms and dining rooms. The total square footage for each apartment is about 1200. There are newer windows and all the lintels were replaced on the front of the building; which also has been tuckpointed. The roof is 9 years old and a new boiler and a hot water tank have all been replaced in the last 5 years. The owner is in the process of revamping two vacancies for rental. The hallway and entrance to the building are being painted. The property has two nice basements and a four-car brick garage. With the Obama center coming and the close proximity to Lake Michigan and easy access to Downtown, this is an area not to be missed for the savvy investor!! Current rents are below the market rate for the area... I see the future and this is an ideal property for condo conversion. SHOW AND SELL! THIS IS THE ONE!

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Listed by Shari Smith of Berkshire Hathaway HomeServices Chicago

Based on information submitted to MRED  as of May 23, 2022 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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