$5,926

closing credit¹

7827-29 S Colfax Ave Chicago, IL 60649

$499,000
8 beds
5 baths
House

Property details

About 7827-29 S Colfax Ave

This four-unit building situated in the South Shore neighborhood represents an exceptional investment opportunity. The property comprises four two-bedroom apartments, each featuring an enclosed back porch for additional storage, spacious kitchens, and adequately sized bedrooms. Tenants are responsible for their utility expenses. The building also includes two finished basements, which can serve as additional living space or generate extra rental income, equipped with separate heating systems. The location offers convenient access to excellent transportation options and is just minutes from Lake Michigan. The area is experiencing significant development, underscoring its rich history and potential for growth. This property is well-suited for investment purposes or as a residence for an owner-occupant, requiring minimal effort to start generating rental income.

Highlights

Home typeResidential
HeatingNatural Gas
StatusActive
BasementYes
Year built1908
MLS #12202898

Summary

  • MLS Number: 12202898
  • MLS Name: MRED
  • Office Name: Compass
  • Office Phone: (773) 466-7150
  • Listing Agent: Stephon Walker-Purnell

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view of front facade

$499,000

7827-29 S Colfax Ave

$5,926

closing credit¹

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Price information

Property sales

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Tax history

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Nearby schools

5

Hoyne Elementary School

Public District KG-6

1.0 mi

8905 S Crandon Ave

7

Earhart Options for Knowledge Elementary School

Public District KG-6

1.3 mi

1710 E 93rd St

7

McDowell Elementary School

Public District KG-5

1.8 mi

1419 E 89th St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $47,097. Typical income of Chicago, IL residents is between $35k-100k annually. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.

How much money do the neighbors make?

43%
<35k
45%
35k-100k
13%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

38%
Single, No Kids
21%
Single, with Kids
21%
Married, No Kids
20%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

16%
<11 yrs old
11%
12-17 yrs old
20%
18-34 yrs old
40%
35-64 yrs old
13%
65+ yrs old

What do the neighbors do for fun?

  • Horse RacesHorse Races
  • NHRA Drag RacingNHRA Drag Racing
  • Mexican League SoccerMexican League Soccer

Where do the neighbors shop?

  • Stein MartStein Mart
  • Big LotsBig Lots
  • BurlingtonBurlington

Where do the neighbors go to eat?

  • LongHorn SteakhouseLongHorn Steakhouse
  • Golden CorralGolden Corral
  • Church's ChickenChurch's Chicken

What do the neighbors drive?

  • BuickBuick
  • KiaKia
  • ChevroletChevrolet

What do the neighbors listen to?

  • Contemporary InspirationalContemporary Inspirational
  • Adult StandardsAdult Standards
  • Urban Adult ContemporaryUrban Adult Contemporary
All data provided by Home Junction and Claritas

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Frequently asked questions

About 7827-29 S Colfax Ave

This home is located at 7827-29 S Colfax Ave in Chicago, IL and zip code 60617 in the South Deering neighborhood. Features: 8 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since December 23, 2024 and is currently priced at $499,000.

In January 2025 more than 347 listings in Chicago, IL were sold above the asking price. During the same period more than 238 listings were sold at asking price, while more than 707 were sold below. The inventory of homes for sale in Chicago, IL between December and January 2025 increased by 11.5%. Listings spent 41 days on the market in January 2025, and had a median list price of $369,009 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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