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Two to Four Units · Chicago, IL
$399,900
12 beds · 5 baths
8239 S Colfax Avenue, Chicago, IL, 60617
A brick-and-mortar place to make your own — room to make it home.
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What’s special

Fantastic investment opportunity in the heart of South Chicago! This solid brick 4-unit building offers 12 total bedrooms and 5 bathrooms, providing excellent potential for strong rental income. Each spacious unit includes a stove and refrigerator, and all utilities are separately metered for gas and electric, offering added convenience for management. A full finished basement provides additional space and versatility. All tenants are currently month-to-month, making this a great option for investors or owner-occupants interested in house hacking. The property also features 4 exterior parking spaces in the rear and sits on an extra-wide 125x46 ft. lot. Located close to parks, schools, public transit, and everyday amenities, this building offers a smart opportunity to grow long-term value. With low taxes and strong rental potential, this is a must-see property. Don't miss your chance to build equity and secure steady cash flow!**Building full address is 8239-41**
— the listing agent’s description

The home

12 beds
5 baths
Built in 1922
Lot 5750
Two to Four Units

What it’ll cost

$4,038 taxes / yr
No HOA
7 days on dwello

Estimated monthly payment

$2,580/mo
Principal & interest$2,126
Property taxes$337
Homeowners insurance$117
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Tour this home

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WED
Jun 3
THU
Jun 4
FRI
Jun 5
SAT
Jun 6
11:00 am
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7 days on dwello
Price history
Listed for sale
Jun 5, 2026
$399,900
Earlier records
Listed
Apr 27, 2026
$439,900
From MLS records — independently verify.
Property taxes
2025
Annual tax bill (MLS)
$4,038/yr
Assessed value
2025
County assessor
$20,101~$201,010 mkt
2024
$20,101~$201,010 mkt
2023
$12,000~$120,000 mkt
2022
$12,000~$120,000 mkt
2021
$12,000~$120,000 mkt
2020
$13,840~$138,400 mkt
2019
$15,909~$159,090 mkt
2018
$15,909~$159,090 mkt
Assessed value from the Cook County Assessor (open records). Estimated market ≈ assessed × 10 for residential; not an appraisal — verify with the assessor.

Features

Natural GasForced AirBrickPublic SewerYesOwned
Neighborhood
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Nearby places via OpenStreetMap — approximate; verify what matters to you. Map © Mapbox © OpenStreetMap.
MLS listing dataMRED
Listed by Jose Martinez · RE/MAX Mi Casa
Listing last updated Jun 11, 2026 · data refreshed from the MLS Jun 17, 2026, 6:27 PM CT
Based on information submitted to the MLS GRID as of Jun 17, 2026, 6:27 PM CT. Listing data © MRED LLC, distributed by MLS GRID — deemed reliable but not guaranteed; independently verify. Anything shown below this point is not MLS listing data.
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