7721 S. Colfax
Marcus & Millichap is pleased to present this multi-family real estate opportunity in Chicago's South Shore neighborhood. Located at 7721 South Colfax Avenue, this vintage property has maintained its curb appeal since it was originally completed in 1910. Overall, its intrinsic amenities, lively neighborhood, and proximity to transportation make this an extremely exciting investment. Chicago's South Shore neighborhood is a historically vibrant community that will be rejuvenated by the $500 million Obama presidential library and museum being built on its northern edge in Jackson Park. There are also plans to turn the nearby South Shore Golf Course into a brand-new golf club designed by Tiger Woods. The neighborhood is nearby major institutions and attractions, including the Museum of Science and Industry, the University of Chicago, and the lakefront.
This newly remodeled apartment building rests on a 0.19 acre lot and is composed of nine attractive units. The approximately 9,000 square feet of residential living area consists of spacious two-bedroom/one-bathroom apartments on three floors. These units will appeal to a wide demographic.
Many will find the buildings proximity to public transportation a big advantage. To demonstrate, 7721 South Colfax Avenue is located within walking distance of both the Windsor Park and the Cheltenham Metra stops, each just a half mile away. It is less than a mile from the CTA bus stop at 75th and Clyde, and The Loop is just ten miles north up Lake Shore Drive