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7727 S Colfax Ave 11 Unit Apartment Building $823,543 CAD ($74,868 CAD/Unit) Chicago, IL 60649
Executive Summary
CRER is pleased to present 11-unit multifamily building located in the south side Chicago neighborhood of South Shore. The property includes a unit mix of (3) two bedroom and (8) one bedroom units. There is a laundry room and 12 exterior parking spaces on-site. The building is currently 100% vacant and primed for an investor looking to add value. Each unit will need to be renovated as they are in various stages of disarray. The mechanicals are older but in working condition. There are current porch violations.
Property Facts
| Price | $823,543 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $74,868 CAD | Building Class | C |
| Sale Type | Investment | Building Size | 11,000 SF |
| Sale Condition | Distress Sale | Average Occupancy | 0% |
| No. Units | 11 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RT-4 | ||
| Price | $823,543 CAD |
| Price Per Unit | $74,868 CAD |
| Sale Type | Investment |
| Sale Condition | Distress Sale |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 11,000 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built | 1965 |
| Opportunity Zone |
Yes |
| Zoning | RT-4 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
| 2+1 | 3 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $92,734 CAD | |
| Land Assessment | $14,243 CAD | Total Assessment | $106,977 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$14,243 CAD
Improvements Assessment
$92,734 CAD
Total Assessment
$106,977 CAD
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7727 S Colfax Ave
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