8239 S Colfax Ave

Chicago, IL 60617
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12 bd, 4 ba | 3,300 sqft | Built in 1919

For Sale

Exclusive

List Price
$300,000

Initial Investment

$81,750

$

about the purchase process.
Features

Occupancy

Vacant

Property Type

Fourplex

Lot Size

5,000

HOA

None

Flood Risk

Not Required

  • Quadruplex with 1 occupied unit
  • Attractive cap rate
  • Conveniently located near schools, parks, and shops
See more in Analysis

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Annual Financial Highlights

Expected Rent

$44,460

Expenses

-$8,270

Property taxes

-$5,700

Loan Payments

-$12,890

Net Cash Flow

$17,600

See more in Financials

Property Characteristics

Inspection Contingency

This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector's findings or cancel the contract.
  • This property will be professionally inspected before closing.
  • You'll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
  • Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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