NOT LISTED FOR SALE

8001 S Colfax Ave Chicago, IL 60617

South Chicago Neighborhood
16 Beds
19 Baths
11,000 Sq Ft
6,098 Sq Ft Lot

Last Sold September 20, 2016

Last sale price $625,000 $57 Per Sq Ft

101 Days on Market

About This Home

As of September 2016

SVN is pleased to present a 19 Unit Multifamily building consisting (16) 1 Bd 1 Ba & (3) Studios. The building was completely gutted with a central boiler serviced annually. New copper plumbing & new electric service. Hot water tank is less than 5 years old. New roof - rubber & silver coated. Newer windows. Porches are to code.

Last Agent to Sell the Property

Marco Cesario

Jameson Commercial License #475142196 Listed on: 05/23/2016

Co-Listed By

Jeffrey Baasch

AW Properties Global/Auction Works License #475107724

Last Buyer's Agent

Marco Cesario

Jameson Commercial License #475142196 Listed on: 05/23/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,850

Year Built

  • Built in 1927

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50x125

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Rubber Roof
  • Concrete Block And Stucco Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 11,000 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 19 Bathrooms

Utilities

  • No Cooling
  • Central Heating
  • Radiator
  • 200+ Amp Service
  • 120/240V

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 19 Units

Building Details

  • Electric Expense $885
  • Fuel Expense $13,456
  • Insurance Expense $3,810
  • Maintenance Expense $3,800
  • Other Expense $14,704
  • Trash Expense $1,620
  • Water Sewer Expense $8,850
  • Operating Expense $57,875
  • Gross Income $13,410
  • Net Operating Income $65,815

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,850

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1927
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 19
  • Total Bedrooms: 16
  • Fireplaces: 0
  • Number of Washers: 0
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Concrete
  • Foundation Details: Concrete Perimeter
  • List Price: 699500
  • Roof: Rubber
  • Exterior Building Type: Brick
  • Roof Structure: Flat

Utilities

  • Cooling: None
  • Electric: Circuit Breakers, Over 600 Amps, Power - 120V
  • Heat/Ventilation: Central Bldg Heat,Radiators
  • Leased Washer Dryer YN: No

Fee Information

  • Trash Expense: 1620
  • Water Sewer Expenses: 8850
  • Janitor Expense: 1900

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.14
  • Lot Dimensions: 50X125
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 8

Building Info

  • BuildingAreaTotal: 11000

Multi Family

  • Net Operating Income: 65815
  • Fuel Expense: 13456
  • Insurance Expense: 3810
  • ElectricExpense: 885
  • GrossIncome: 13410
  • Maintenance Expense: 3800
  • NumberOfUnitsTotal: 19
  • OperatingExpense: 57875
  • Expense Year: 2015
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 8849.99
  • Tax Year: 2014

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2016 09/20/16 Sold $625,000 -10.7% $57 / Sq Ft
09/01/2016 09/01/16 Pending -- -- --
05/23/2016 05/23/16 For Sale $699,500 -- $64 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Marco Cesario

    Seller's Agent in 2016

    Marco Cesario

    Jameson Commercial

    (312) 315-7173

    12 Total Sales

    Marco Cesario
    Section Image

  • J

    Seller Co-Listing Agent in 2016

    Jeffrey Baasch

    AW Properties Global/Auction Works

    (312) 676-1866

    2 Total Sales

    Jeffrey Baasch
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09235418

Midwest Real Estate Data (MRED)

APN: 21311120010000

Illinois Cook County Chicago 60617 South Chicago

8001 S Colfax Ave, Chicago, IL

This home is located at 8001 S Colfax Ave, Chicago, IL 60617 since 23 May 2016. This property was built in 1927. 8001 S Colfax Ave is a home located in Cook County with nearby schools including Bradwell Community Arts & Sci Elementary School, Great Lakes Academy, and Epic Academy High School.

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