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7721 S Colfax Ave 9 Unit Apartment Building $880,945 CAD ($97,883 CAD/Unit) 10.85% Cap Rate Chicago, IL 60649
Investment Highlights
- South Shore neighborhood
- Strong cash flow potential
- Immediate income-generating asset
- 9 residential units
- Ability to capture higher rental rates
- Strategic repositioning potential
Executive Summary
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.
This building presents a solid investment opportunity for investors seeking a cash-flowing asset in one of Chicago's evolving neighborhoods. The property generates reliable income and offers the potential for long-term value appreciation in a market with limited multifamily supply
This building presents a solid investment opportunity for investors seeking a cash-flowing asset in one of Chicago's evolving neighborhoods. The property generates reliable income and offers the potential for long-term value appreciation in a market with limited multifamily supply
Property Facts
| Price | $880,945 CAD | Building Class | C |
| Price Per Unit | $97,883 CAD | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 10,000 SF |
| Cap Rate | 10.85% | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RT-4 | ||
| Price | $880,945 CAD |
| Price Per Unit | $97,883 CAD |
| Sale Type | Investment |
| Cap Rate | 10.85% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 10,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1910 |
| Opportunity Zone |
Yes |
| Zoning | RT-4 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 9 | - | - |
1 1
Walk Score®
Very Walkable (74)
Property Taxes
| Parcel Number | 21-30-322-007-0000 | Improvements Assessment | $72,772 CAD |
| Land Assessment | $14,155 CAD | Total Assessment | $86,927 CAD |
Property Taxes
Parcel Number
21-30-322-007-0000
Land Assessment
$14,155 CAD
Improvements Assessment
$72,772 CAD
Total Assessment
$86,927 CAD
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7721 S Colfax Ave
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