Lofty 7542 & 7656 S Colfax Ave

Lofty 7542 & 7656 S Colfax Ave

Print
Location
Chicago, IL
Projected Return
0.1%

Company Description

Properties originally listed for sale on the marketplace by Marco Cesario with RE/MAX Next.Click here to learn more about how third parties list their properties on the Lofty Marketplace.


7656 S Colfax Ave, Chicago, IL 60649

3-Unit property (Triplex) located in Chicago, Illinois.

Details

  • 9 bedroom, 6 bathroom Triplex built in 2008
  • Comprised of three 3 bedroom, 2 bathroom units with 1,150 sq ft each
  • The in-unit improvements include: New kitchen cabinets, granite counter tops & mosaic tile backsplashes, hardwood floors, brush nickel faucets, SS appliances, bathrooms, light fixtures, ceiling fans, and individual HVACs

Property Management and Insurance

  • Managed by ECO Systems LLC
  • Insurance Policy from Shelter Mutual Insurance Company

Occupancy Status

  • Unit 1 - Eviction in progress
  • Unit 2 - Delinquent, eviction in progress ($13,910 owed)
  • Unit 3 - Eviction in progress

7542 S Colfax Ave, Chicago, IL 60649

3-Unit property (Triplex) located in Chicago, Illinois.

Details

  • 10 bedroom, 3 bathroom Triplex built in 1921
  • Comprised of two 3 bedroom 1 bathroom units and one 4 bedroom 1 bathroom unit with approximately 1,500 square feet of living space per unit
  • All units were completely renovated in 2016 and 2017

Property Management and Insurance

  • Managed by ECO Systems LLC
  • Insurance Policy from Shelter Mutual Insurance Company

Occupancy Status

  • Unit 1 - CHA subsidy ($1,246/mo), housing authority withholding payments pending inspection
  • Unit 2 - 1 year lease (02/17/2025 - 02/16/2026), $1,290/month
  • Unit 3 - Eviction in progress

Location Data

Due Diligence Documents


Extracted from Lofty.ai property listing page on 2026-04-04. This is a composite description for both properties at 7542 & 7656 S Colfax Ave.

Rent Roll Summary (as of 2026-04-07)

  • Monthly Rent: $2,550.00
  • Units: 3
  • Occupied: 3 (100.0% Occupied)
  • Outstanding Balance: $27,136.00
Amount Raised : $0
Reveal the Score by Voting
_
Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
The value of the company compared to similar companies raising money from investors.
Valuation

Research Reports

No reports have been submitted

Become a Reporter

0 Comments