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$ 279,000
Est. payment /mo
Price Dropped by $20K
8349 S Colfax AVE Chicago, IL 60617
3 Beds
2 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12601916
Bedrooms 3
Year Built 1899
Annual Tax Amount $3,335
Tax Year 2024
Lot Dimensions 30X125
Property Sub-Type Two to Four Units
Property Description
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.
Location
State IL
County Cook
Area Chi - South Chicago
Rooms
Basement Unfinished, Full
Interior
Heating Natural Gas, Forced Air
Fireplace N
Exterior
Garage Spaces 2.0
Building
Dwelling Type Two to Four Units
Building Description Frame, No
Sewer Public Sewer
Water Public
Structure Type Frame
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
Virtual Tour https://drive.google.com/file/d/14pEWjMx3MyAf9DJfv9fpccoiWNczd5OO/view?usp=sharing
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Luna Cuervo Puangco of Real Property Management Group Chicago