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Listing provided courtesy of Real Property Management Group ChicagoMREDas Distributed by MLSGrid- MLS# 12601916MLS Provider

8349 S Colfax AvenueChicago, IL 60617

Multi-Family · 3 Beds
$279,000 Active

8349 S Colfax Avenue Overview

Time on Site:
89 days
Visits:
0

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.

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8349 S Colfax Avenue Facts & Features

  • Type Multi-Family

Details

General

School Information

  • School District: 299

Building Information

  • New Construction: No
  • Year Built: 1899

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - South Chicago
  • Township: Hyde Park

Tax Information

  • Tax Annual Amount: $3,335.27
  • Tax Year: 2024

General Information

  • Ownership: Fee Simple
  • Parcel Number: 21313040200000
  • Property Type: Residential Income
  • Special Listing Conditions: None

Interior

Parking Information

  • Half Baths Building: 0
  • Garage Spaces: 2

Beds/Baths

  • Bathrooms Total: 2
  • Bedrooms Total: 3
  • Bedrooms Possible: 3
  • Full Baths Building: 2

General Information

  • Basement: Unfinished, Full
  • Heating: Natural Gas, Forced Air
  • Rooms Total: 10

Exterior

Parking Information

  • Parking Features: Yes, Garage Owned, Detached, Garage
  • Parking Total: 2

Lot Information

  • Lot Size Dimensions: 30X125
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Frame

General Information

  • Sewer: Public Sewer

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Actual Rent: 1200
  • Beds Total: 2
  • Baths Total: 1

Unit 2 Details

  • Unit Type: Unit 2
  • Actual Rent: 1250
  • Beds Total: 1
  • Baths Total: 1

8349 S Colfax Avenue Neighborhood

Community

60617 (Chicago) Demographics

37
Median Age
5,348
Population Density (per sq. mile)
28%
College Educated
$43,642
Estimated Median Income
16,451
Estimated Total Home Owners
12,722
Estimated Total Renters
56% / 44%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

8349 S Colfax Avenue Monthly Cost

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Randall Fowlkes
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

8349 S Colfax Avenue Market Data

Based on the last 30 days in this zip code

$215,942
Average List Price
$154
Average Price per Square Foot
36
Properties Sold
86
Average Days on Market
161
Properties for Sale
Calculations provided by Reliance Network

8349 S Colfax Avenue History

Date Event Value Agent
6/7/2026Source: MRED Status Change
Active
6/2/2026Source: MRED Price Reduction
$279,000 -7.0%
6/2/2026Source: MRED Status Change
Price Change
4/6/2026Source: MRED Status Change
Active
4/1/2026Source: MRED Price Reduction
$299,999 -0.0%
4/1/2026Source: MRED Added to Database
April 01, 2026
1/2/2025Source: MRED Status Change
Closed
10/15/2024Source: MRED Status Change
Contingent
6/23/2024Source: MRED Status Change
Active
6/18/2024Source: MRED Added to Database
June 18, 2024
6/20/2022Source: MRED Added to Database
January 27, 2022