COLFAX - FOR SALE - 10 UNITS - The property is part of the Section 515 program through the U.S. Dept. of Agriculture. The rents are subsidized through this program. All buyers should be knowledgeable and qualified to purchase. Qualified buyers should have working knowledge of these types of government subsidized programs and qualified with the USDA to purchase. Financials available for qualified buyers. This property is being sold as a package with 34 additional units in Gibson City, Illinois. The MLS# for that property is MLS#11617011.
Colfax is located in Illinois. Colfax, Illinois has a population of 1,049. Colfax is more family-centric than the surrounding county with 38.95% of the households containing married families with children. The county average for households married with children is 35.25%.
The median household income in Colfax, Illinois is $56,587. The median household income for the surrounding county is $64,573 compared to the national median of $57,652. The median age of people living in Colfax is 41.6 years.
The average high temperature in July is 85.3 degrees, with an average low temperature in January of 15.2 degrees. The average rainfall is approximately 38.5 inches per year, with 19.5 inches of snow per year.