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$9,900
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Property Description
Development Opportunity in South Chicago! This 25x125 lot is located in the South Chicago neighborhood and is zoned RS-3, offering the potential to build either a single-family home or a two-flat property. With easy access to the I-90, this location is ideal for those seeking a strategic investment in a rapidly developing area. A mix of modern and newly renovated homes, with continued growth in the area. The South Chicago neighborhood is seeing increasing development and revitalization, making this an excellent opportunity to invest in an area with great potential for future appreciation. This property is sold subject to Bankruptcy Court Approval. Buyer to do their due diligence.
Full Property Details
Full Property Details for 8647 S Colfax Ave
General
- Price: $9,900
- Taxes: $659 (2023)
- Status: Active
- Type: Lots/Land
- Source: MRED
- MLS ID: 12345100
- Updated: 4/28/2025
- Added to Site: 269 day(s) ago
Location
- Area: CHI - South Chicago
- County: Cook
- Township: South Chicago
- Driving Directions: 87th Street to Colfax - North to Property
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Utilities
- Onsite: Electricity Nearby, Natural Gas Nearby, Water Nearby
Lot Features
- Lot Size (Sq. Ft.): 3,125
- Lot Size Range: .25 to .49 Acre
- Lot Dimensions: 25 x 125
- Frontage: City Street
- Frontage Feet: 25
- Street/Road Desc.: Asphalt
Financial Considerations
- Tax Amount: $659
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: Court Approval Required, Bankruptcy Property
- Property ID: 21313280170000
Listed by Avenue 1 Realty Group
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Schools
Schools serving 8647 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 |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 8647 S Colfax Ave
Date
Details
Price
Change
Source
4/22/2025
Listed
$9,900
-86.8%
MLS
11/22/2000
Sold
$75,000
—
Public Record
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
Tax History for 8647 S Colfax Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$659
2%
$3,125
—
2022
$643
2%
$3,125
—
2021
$628
-10%
$3,125
—
2020
$696
11%
$3,125
—
2019
$628
2%
$3,125
—
2018
$617
2%
$3,125
11%
2017
$605
7%
$2,812
—
2016
$563
9%
$2,812
—
2015
$515
27%
$2,812
29%
2014
$406
2%
$2,187
—
2013
$398
2%
$2,187
—
2012
$392
—
$2,187
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 8647 S Colfax Ave
8647 S Colfax Avenue, Chicago, IL 60617 (MLS# 12345100) is a Lots/Land property with a lot size of 0 acres. 8647 S Colfax Avenue is currently listed for $9,900 and was received on April 22, 2025. Want to learn more about 8647 S Colfax Avenue? Do you have questions about finding other Lots/Land 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.

