This turnkey 2-flat in South Chicago offers the perfect blend of cash flow and value-add potential. Each unit features updated finishes including newer flooring, granite countertops, and modern cabinetry. First-floor unit offers 2BR/1BA, while the second unit includes 1BR + office-ideal for flexible living or maximizing rental income. Full unfinished basement and attic provide excellent expansion opportunities to increase equity. Detached 2-car garage and a peaceful backyard complete the property. Conveniently located near the 83rd St Metra, bus lines, parks, and local amenities. Ideal for investors or owner-occupants looking to house hack and build long-term wealth.
Features
3 bedrooms
2 bathrooms
directions_car2 carspaces
directions_car2 garage spaces
cottageMulti-Family
Property history for 8349 S Colfax Ave
2024
Sold
$150,000
31 Dec 2024 by Santiago Valdez, of Compass
2018
Sold
$149,500
31 Oct 2018
2008
Sold
$40,000
18 Jun 2008 by Monae Nunnery, of PIP Realty Group
Happy sellers in Chicago
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Local market activity for 3 bedroom multi families in Chicago
Sold
For Sale
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