7542 and 7656 S Colfax Ave
About
Two triplex properties located in Chicago, Illinois. The first property at 7542 S Colfax Ave is a triplex built in 1921 consisting of two 3-bedroom, 1-bathroom units and one 4-bedroom, 1-bathroom unit with approximately 1,500 sq ft per unit, all renovated in 2016–2017. Unit 1 receives a CHA subsidy of $1,246 per month with payments currently withheld pending CHA Change of Ownership/Management application processing. Unit 2 is now vacant and under rehab prior to listing building for sale, and Unit 3 is in eviction. The second property at 7656 S Colfax Ave is a triplex built in 2008 consisting of three 3-bedroom, 2-bathroom units with approximately 1,150 sq ft each. This building is 50% owned by an end-buyer undergoing rehab and refinance to complete a full sale and return $165k + 50% of profit to investors.
Due Diligence Documents
Offering Details
The Market
Chicago offers a mix of neighborhood livability, local employment, and day-to-day amenities that support long-term housing demand. Ask Lofty AI to compare this market against any other on the platform.
Property Updates
- Property Update (07/28/2026):
- Governance Results for 7542 & 7656 S Colfax Ave:
- The Governance Voting results are back for the owner-proposed vote.
- The winning vote is:
- Yes [remit funds back to Lofty AI Inc.]
- This voting option received 3,272 / 3,646 votes which is equal to 89.74% of the total votes.
- The voting results can be found on chain here or by searching the application ID: 3655093321
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Frequently Asked Questions
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Where can I communicate with the other co-owners?+
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