8606 S Colfax Ave

Chicago IL 60617

956 sq. ft.

0.09 ac.

Single-Family

Last sold for $111,000

Christopher Thomas, last sold this property on 21 November 2023 after 492 days on market.

Overview

Excellent starter investment or owner occupant home. The property features new exterior fascia and new gutters as of September 2022. This property is the perfect opportunity for either; an owner occupant, or a new or experienced investor to buy a turnkey rental property with a great tenant already in place. Earn instant cash flow by purchasing an investment property that it already generating income the second you close. This property has a long term (10 years +), conscientious, Section 8 lease tenant and voucher holder ($1,253.00 per month total rent) through September 2023 who wants to stay and renew their lease. The back yard has a parking pad for two cars that could easily be built out or converted into a garage parking area. Being sold as is, and short notice showings might be possible (although 48 hours notice is definitely preferred). Schedule to see this one as soon as possible.

Features

3 bedrooms

2 bathrooms

2 carspaces

956 sq. ft. floor area

0.09 ac. lot size

Single-Family

Estimated Value

Based on this property and similar 3 bedroom single-family properties sold in Chicago over the last 12 months, the estimated median property value of 8606 S Colfax Ave is $216k.

Median value

$216k

Estimated value range

$25k - $415k

Median days on market

Estimated value trend

-3%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Chicago. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 8606 S Colfax Ave

2023

Sold

$111,000

21 Nov 2023 by Christopher Thomas, of Exit Strategy Realty

Happy sellers in Chicago

We have insufficient information to provide an overview of customer satisfaction for Chicago. Viewing the agent profiles, reviews and sales for Chicago can provide insights for this location.