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Property Description - 7542 & 7656 S Colfax Ave, Chicago, IL 60649 - 7542 and 7656 S Colfax Ave, Chicago, IL 60649.md

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Properties originally listed for sale on the marketplace by Marco Cesario with RE/MAX Next. [Click here](https://learn.lofty.ai/en/articles/6145558-how-the-lofty-marketplace-works) 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

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Properties originally listed for sale on the marketplace by Marco Cesario with RE/MAX Next.
[Click here](https://learn.lofty.ai/en/articles/6145558-how-the-lofty-marketplace-works) to learn more about how third parties list their properties on the Lofty Marketplace.

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## 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](https://www.dropbox.com/s/gub187uuy7t149q/Insurance%20Policy%20-%20Lofty%20Holding%207542%20%26%207656%20S%20Colfax%20Avenue%20LLC.pdf?dl=0) 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](https://www.dropbox.com/s/1li8s5nq8gyhecm/Insurance%20Policy%20%287542%29%20-%20Lofty%20Holding%207542%20%26%207656%20S%20Colfax%20Avenue%20LLC.pdf?dl=0) 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
- 1/5 Neighborhood Rating on [Roofstock](https://www.roofstock.com/get-neighborhood-rating)
- "C" Rating for Zip Code on [Niche](https://www.niche.com/places-to-live/z/60649/)

## Due Diligence Documents
- [Inspection Report](https://www.dropbox.com/s/stjm21ear1e69d0/Inspection%20Report%20-%20Lofty%20Holding%207542%20%26%207656%20S%20Colfax%20Avenue%20LLC.pdf?dl=0)
- [Operating Agreement](https://www.dropbox.com/s/9cbd914n5wsjagf/DAO%20Operating%20Agreement%20-%207542%20%26%207656%20S%20Colfax%20Ave%2C%20Chicago%2C%20IL%2060649.pdf?dl=0)
- [View All Documents](https://www.dropbox.com/sh/qxbzp650xhsqv80/AAAKbznwRk0WBBJ1BTatuhUIa?dl=0)

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*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