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7727 S Colfax Ave 11 Unit Apartment Building $635,000 ($57,727/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 | $635,000 | Apartment Style | Low-Rise |
| Price Per Unit | $57,727 | 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 | $635,000 |
| Price Per Unit | $57,727 |
| 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
Walk Score®
Very Walkable (74)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $67,962 | |
| Land Assessment | $10,438 | Total Assessment | $78,400 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$10,438
Improvements Assessment
$67,962
Total Assessment
$78,400
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7727 S Colfax Ave
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