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 125×46 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!**One of the LLC members is an Illinois licensed Realtor (Not Listing Brokers)**
Property Details
Price:
$399,900
MLS #:
MRD12669970
Status:
Active
Beds:
12
Baths:
5
Type:
Multi Family
Neighborhood:
chisouthchicago
Listed Date:
Jun 5, 2026
Year Built:
1922
See this Listing
Schools
School District:
299
Interior
Heating
Natural Gas, Forced Air
Exterior
Construction Materials
Brick
Parking Features
Yes, Owned
Parking Spots
4
Parking Total
4
Financial
Tax Year
2024
Taxes
$4,038
Map
Community
- Address8239 S Colfax Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60617
Market Summary
Current real estate data for Multi Family in Chicago as of Oct 07, 2026
1,357
Multi Family Listed
77
Avg DOM
$530,506
Avg List Price
Property Summary
- 8239 S Colfax Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60617. It is listed for $399,900
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Copyright 2026. All rights reserved.
8239 S Colfax Avenue
Chicago, IL


