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$799,000

1501 S Kolin Avenue
Chicago, Illinois 60623

Contingent / MLS #12418665 / Multiple Family / North Lawndale
Listing information updated 7/23/2025 at 2:23pm
Discover an exceptional investment opportunity with this fully occupied 7-unit brick building that delivers immediate income potential. This well-maintained property features individual in unit furnaces and BRAND NEW separate water heaters, ensuring tenant comfort while minimizing owner expenses. The building showcases thoughtful updates throughout, including modernized kitchens and bathrooms, as well as BRAND NEW copper plumbing that stands the test of time. Recent improvements include professional roof maintenance with silver coating and newer vinyl windows (2023) that enhance both energy efficiency and curb appeal. The property features 3 spacious three-bedroom, one-bathroom units and 4 two-bedroom, one bathroom units with generous living areas and large bedrooms that tenants love. The solid brick construction provides durability and timeless appeal while maintaining excellent occupancy rates. This turnkey investment requires no immediate property improvements, making it perfect for investors seeking steady cash flow from day one. The building's proven track record of high occupancy rates and premium rents speaks to its desirable location and quality management potential.
Exterior Type:
Brick
Water Front:
No
Square Feet:
N/A
Acreage:
0.08
Built:
1924
Stories:
3
Current Use:
Multi-Family
Zoning:
MULTI
Current Net Income:
$94,159
Unit 1:
7 room(s) / 3 bed(s) / 1 bath(s)
Unit 2:
5 room(s) / 2 bed(s) / 1 bath(s)
Tax Amount:
$11,881
Tax Year:
2023
Zip Code:
60623
City:
Chicago
County:
Cook

Listing Office: Berkshire Hathaway HomeServices American Heritage

Listing Office Phone: 847.364.6030

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 7/23/2025 at 2:23pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.

CTA

CTA
Blue line at Cicero
CTA
Pink line at Kostner
$300,404
Average Sale Price
99
Average Days On The Market
98%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 1501 S Kolin Avenue, Chicago, IL 60623
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1501 S Kolin Avenue, Chicago, IL 60623 is a multiple family currently listed at $799,000. This multiple family has been listed on @properties Christie's International Real Estate since July 13th, 2025 and was built in 1924. The nearest transit stops include Cicero CTA Blue line.

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