Stunning 8-Unit Gem in South Shore! Just a few blocks from

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Commercial Active Under Contract

7831 S COLFAX Avenue

Chicago, Illinois 60649

Cook County

Community: 

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$550,000 0 br, 0.0 bath 0 sq. ft. 0.000 acres

Stunning 8-Unit Gem in South Shore! Just a few blocks from beautiful Lake Michigan, this fully occupied 8-unit building offers an incredible opportunity in one of Chicago's most vibrant neighborhoods. Featuring all-new electric, plumbing, and HVAC, plus a newer roof with skylight and two brand-new rear porches. All city violations have been cleared and title is clean.Each unit showcases spacious layouts with hardwood floors, ceramic tile kitchens and baths, and fire-rated unit doors for added safety. The building includes six oversized 3-bed/1-bath units with formal dining and living rooms, one large 2-bed/1-bath garden unit, and one 1-bed/1-bath garden unit-all generously sized. The property is fully occupied with clean, responsible tenants, and all tenants pay their own utilities. Current rents are well below market value, creating a prime value-add opportunity for investors. Whether you're seeking strong cash flow now or long-term upside through rent growth, this South Shore gem delivers both. Easy to Show - Show with Confidence!

Interior:
  • Bedrooms: 0
  • Baths: 0.0
  • Sq Ft: 0
  • Year Built: 1915
  • Utilities: 
  • Fireplaces: 
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  • Heat/AC: 
  • Garage: 
Exterior:
  • Lot Size: 0.000 acre
  • Lot Dimensions: 
  • View Types: 
  • Yard: 
  • Siding: 
  • Roof: 
  • Property Taxes: $8,000
  • MLS #: 12466306
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Contact Information:
Beach Commercial Active Under Contract in Chicago, Illinois
Listing Agent: Damaris Santiago, Manage Chicago, Inc, 773-992-6189, 773-449-5151 Listing Site, Listing Status: Active Under Contract
Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 6600831
Viewed 67 times.
Updated: Oct 31, 2025

This property is a Commercial located at 7831 S COLFAX Avenue, Chicago, Illinois 60649, and is currently Active Under Contract at $550,000. This Commercial has 0 bedrooms, 0.0 baths, 0 sq ft.