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7436 S Colfax Ave, Chicago, IL, 60649

$395,000

Home List Price

$4,691*

Closing Credit

8 Bedrooms
3 Baths
House
Schools Nearby

Location

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7436 S Colfax Ave, Chicago$395,000

Buyer Closing Credits

$4,691*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
Year Built1920
HeatingNatural Gas
BasementYes
MLS #12006879
StatusAccepting Backup Offers
(Contingent)

About 7436 S Colfax Ave

Seize a prime investment opportunity in Chicago's historic South Shore neighborhood with this large, beautiful 3-flat building, minutes from the lakefront and the anticipated Obama Presidential Center. Ideal for investors or first-time home buyers looking to occupy one unit and rent the others, this property combines functionality with potential. The building features huge units equipped with stainless steel appliances, with the top two boasting granite countertops and tile backsplashes, blending practicality with style. High quality, low maintenance and modern touches make it an excellent investment. Separate utilities for heating and electricity ensure ease of management and individual cost control. The potential to duplex the first floor with basement offers additional versatility for enhancing living space or capture additional rental income. With attractive financing options, including new loan programs with as little as 5% down and grants for first-time homebuyers, ownership is within reach. Priced to sell, this property is a smart choice for those looking to invest in a neighborhood known for its community spirit and historical value. Don't miss your chance to own in South Shore!!

Property Details

Property Features

Property Information:

  • Year Built: 1920

Listing Office:

  • Office Name: Kale Realty
  • Office Phone: (312) 939-5253
  • Listing Agent: Amir Abed

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Total Bedroom Count: 8

Utilities

Utilities Information:

  • Heating: Natural Gas

School Info

Assigned Schools Information:

  • Chicago Vocational Career Academy High School, Public District Grades 9-11
  • Powell Paideia Community Academy Elementary School, Public District Grades KG-8

Other

Directions Information:

  • Directions: 75th E or W to Colfax, N to 7436

Price Information

Listing Price Info

Price Summary:

  • List Price: $395,000

Tax Information:

  • Annual Amount: $4,064
  • Tax Year: 2019
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Housing Market Comparison

See how this home compares to others in Chicago, IL.

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Chicago, IL

City

Med. Sold Price

$349K

Med. Price/SqFt

$250

Avg. Days On Market

33

# of Sold Homes

2268

7436 S Colfax Ave vs Chicago

39 DAYS ON ROCKET

+6 Days

$395,000

+$45.9K More

KEY TAKEAWAY

This property is $45.9K more than the Median Sold Price in Chicago, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #12006879

Listing Office:

  • Office Name: Kale Realty
  • Office Phone: (312) 939-5253
  • Listing Agent: Amir Abed

IDX Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

DIGITAL MILLENNIUM COPYRIGHT ACT (DMCA) NOTICE
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@theMLSGRID.co

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2024, 12:45:20 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 05, 2017Home Sold
$273,000
Mar 16, 2011Home Sold
$20,000
May 12, 2004Home Sold
$280,000
Oct 19, 2001Home Sold
$255,000

Tax History

YEARPROP. TAXASSESSMENT
2019$4,064$20,229
2018$3,995$20,229
2017$5,894$17,565

History based on county public records data.

Payment Calculator

$2,039

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,251

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4574257
4
/10

  • Powell Paideia Community Academy Elementary School

  • 7511 S South Shore Dr

  • 0.22 miles

  • Public District Grades KG-8

High School

school-card-donut-4574258
1
/10

  • Chicago Vocational Career Academy High School

  • 2100 E 87th St

  • 1.56 miles

  • Public District Grades 9-11

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $26,111. Residents of Chicago, IL typically earn less than $35k each year. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7436 S Colfax Ave

What is the listing price of this property?

The listing price of 7436 S Colfax Ave property is $395,000.

What type of property is this?

The property 7436 S Colfax Ave is a house located in Chicago, Illinois, 60649.

Is this property for sale now?

Accepting Backup Offers: 7436 S Colfax Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 7436 S Colfax Ave are:
Powell Paideia Community Academy Elementary School: GreatSchools Rating 4/10
Chicago Vocational Career Academy High School: GreatSchools Rating 1/10

What is the annual property tax for this property?

According to the records, the last property tax for 2019 is $4,064 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 5, 2017 for $273,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 7436 S Colfax Ave has 8 bedrooms and 3 bathrooms.

Which year was this property built?

The year of construction for 7436 S Colfax Ave is 1920.

Rocket Homes›Illinois›Cook County›Chicago›60649›7436 S Colfax Ave

This home is located at 7436 S Colfax Ave in Chicago, IL and zip code 60649 in the South Shore neighborhood. This home was built in 1920. Features: 8 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since March 23, 2024 and is currently priced at $395,000.

Over 867 listings were sold over their listed price in April 2024 in Chicago, IL. In the same period over 1023 listings were sold below the listed price and 378 listings were sold for the listed price. The number of listings in Chicago, IL increased by 18.4% between March 2024 and April 2024. While the average time on the market in April 2024 was 33 days, the median list price was $349,097.

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

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