Property Overview

Interra Realty exclusively presents 7800 S. Colfax Ave, a 36-unit classic Chicago courtyard. Located in Chicago's South Shore neighborhood, this architecturally attractive walk-up sits strategically at Colfax and 78th Street.

The opportunity is a fully vacant building ready for complete repositioning through renovations and re-tenanting, offering investors a blank canvas to capitalize on significant leasing momentum in a Chicago submarket that has experienced strong appreciation. The attractive unit mix at the property is comprised of spacious 1BR and 3BR layouts with conversion potential to maximize bedroom count and rental income. The property could also be further amenitized to feature on site laundry, providing for additional income. The property is conveniently located within walking distance to Metra Electric (0.4 mi) and Rainbow Beach/Lake Michigan (under 1 mi).

Highlights

  • Major Re-Positioning Opportunity
  • Immediate Economies Of Scale
  • Potential Ability To Increase Bedroom Count
  • Completely Vacant And In Need Of Substanstial Rehab
  • Eligible For AHSAP Incentive Post Renovation

Key Details

Sale Price
$1,150,000
Number of Units
Thirty-Six (36)
Submarket
South Shore