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$650,000

  • For Sale
  • Active
  • Commercial
  • Updated 3 days ago
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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.

Full Property Details for 7721 S Colfax Ave

General

  • Price: $650,000
  • HOA FEE: $5,000
  • Taxes: $12,919 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12625339
  • Updated: 5/18/2026
  • Added to Site: 30 day(s) ago

Location

  • Area: CHI - South Shore
  • County: Cook
  • Driving Directions: East to Lake Shore Drive, south on LSD all the way - it bends into South Shore Drive around 67th. Follow the curve past the South Shore Cultural Center to 79th St, right on 79th, right on Colfax. ~30 min off-peak

Heating & Cooling

  • Heating Type: Gas

Utilities

  • Trash: 2515

Structural Information

  • Stories/Levels: 4
  • Year Built: 1910
  • Built Before 1978: Yes

Lot Features

  • Lot Dimensions: 25 x 150

Financial Considerations

  • Maint. Fee: $5,000
  • Insurance Fee: $8,500
  • Operating Expenses: $48,098
  • Other Fee: $5,000
  • Assessment Year: 1910
  • Tax Amount: $12,919
  • Tax Year: 2024
  • Pays Electric: 1284
  • Pays Trash: 2515

Disclosures and Reports

  • Property ID: 21303220070000

Listed by 33 Realty

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— 7721 S Colfax Ave —

  • 33 Realty

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NMLS#: 1598647

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NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 7721 S Colfax Ave

School District:Chicago Public School District 299
NameGradesDistance
Bradwell Community Arts & Sci Elementary School
7736 South Burnham Avenue, Chicago, IL 60649
K-80.2 mi
South Shore Intl Col Prep High School
1955 East 75th Street, Chicago, IL 60649
12-0.8 mi
Chicago Vocational Career Academy High School
2100 East 87th Street, Chicago, IL 60617
9-111.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 7721 S Colfax Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/21/2026
Listed
$650,000
10.64%
MLS
9/29/2022
Sold
$587,500
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 7721 S Colfax Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$9,000
3%
$42,502
—
2022
$8,742
2%
$42,502
—
2021
$8,547
-6%
$42,502
4%
2020
$9,134
11%
$41,000
—
2019
$8,237
-14%
$41,000
-15%
2018
$9,524
—
$48,217
9%
2017
$9,546
7%
$44,345
—
2016
$8,882
214%
$44,345
187%
2015
$2,829
53%
$15,440
54%
2014
$1,855
-78%
$10,000
-78%
2013
$8,411
1%
$46,248
—
2012
$8,299
—
$46,248
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by 33 Realty

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7721 S Colfax Avenue, Chicago, IL 60649 (MLS# 12625339) is a Commercial property. 7721 S Colfax Avenue is currently listed for $650,000 and was received on April 21, 2026. Want to learn more about 7721 S Colfax Avenue? Do you have questions about finding other Commercial real estate for sale in South Shore? You can browse all South Shore real estate or contact a Coldwell Banker agent to request more information.

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