Chicago, IL 60623 1501 S Kolin Avenue
$799,000



4 more





Presented By: Berkshire Hathaway HomeServices American Heritage
Home Details
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.
Presented By: Berkshire Hathaway HomeServices American Heritage
General for 1501 S Kolin Avenue
Additional Parcels Y/NNo
Cap Rate11
CityChicago
Construction MaterialsBrick
ContingencyAttorney/Inspection
CountyCook
Current UseMulti-Family
DirectionsSoutheast corner Kolin and 15th street
Electric Expense960
Fuel Expense
Gross Income131400
Insurance Expense13000
Lot Size Square Feet3765
MLS AreaCHI - North Lawndale
Maintenance Expense
ModificationTimestamp2025-07-23T19:12:01.685Z
Net Operating Income94159
Number Of Units Total7
Operating Expense37241
PossessionImmediate
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive Under Contract
StatusContingent
Stories Count3
Tax Annual Amount11881
Tax Year2023
Tenant PaysElectricity, Heat
TownshipWest Chicago
Trash Expense1200
Water Sewer Expense10200
Year Built1924
ZoningMULTI
Exterior for 1501 S Kolin Avenue
BuyerOfficeFax(312) 943-9779
Lot Dimensions30 X 125.5
Lot Size Acres0.08
Additional Details
Price History
