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$399,900
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Property Description
Fantastic investment opportunity in the heart of South Chicago! This solid brick 4-unit building offers 12 total bedrooms and 5 bathrooms, providing excellent potential for strong rental income. Each spacious unit includes a stove and refrigerator, and all utilities are separately metered for gas and electric, offering added convenience for management. A full finished basement provides additional space and versatility. All tenants are currently month-to-month, making this a great option for investors or owner-occupants interested in house hacking. The property also features 4 exterior parking spaces in the rear and sits on an extra-wide 125x46 ft. lot. Located close to parks, schools, public transit, and everyday amenities, this building offers a smart opportunity to grow long-term value. With low taxes and strong rental potential, this is a must-see property. Don't miss your chance to build equity and secure steady cash flow!**Building full address is 8239-41**
Full Property Details
Full Property Details for 8239 S Colfax Ave
General
- Price: $399,900
- Taxes: $4,038 (2024)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12669970
Interior
- Basement: Finished, F
Rooms
Bathrooms
- Total Bathrooms: 5
- Upper - Full Baths: 5
Bedrooms
- Total Bedrooms: 12
Parking
- Total Spaces: 4
- Parking Features: Yes, Owned
Location
- Area: CHI - South Chicago
- County: Cook
- Township: Hyde Park
- Driving Directions: 83rd Street to Colfax, North to property
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Heating & Cooling
- Heating Type: Natural Gas, Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Finished, Full
- Year Built: 1922
- Built Before 1978: Yes
Unit Information
- Units in Building: 4
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 5750
- Zoning: MULTI
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1922
- Tax Amount: $4,038.45
- Tax Year: 2024
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 21311270470000
Listed by RE/MAX Mi Casa
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Schools
Schools serving 8239 S Colfax Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Coles Elementary Language Academy 8441 South Yates Boulevard, Chicago, IL 60617 | K-8 | 0.3 mi |
Chicago Vocational Career Academy High School 2100 East 87th Street, Chicago, IL 60617 | 9-11 | 0.8 mi |
South Shore Intl Col Prep High School 1955 East 75th Street, Chicago, IL 60649 | 12- | 1.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Estimate the Cost
Estimate the Cost for 8239 S Colfax Ave
8239 S Colfax Avenue, Chicago, IL 60617 (MLS# 12669970) is a Multi-Family property with 4 units containing 12 bedrooms and 0 full bathrooms. 8239 S Colfax Avenue is currently listed for $399,900 and was received on June 05, 2026. Want to learn more about 8239 S Colfax Avenue? Do you have questions about finding other Multi-Family real estate for sale in South Chicago? You can browse all South Chicago real estate or contact a Coldwell Banker agent to request more information.

