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1501 S Kolin Avenue
Chicago IL 60623 US

$799,000

Active Under Contract Listing ID 12418665
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Lot: 0.08 Acres
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Other

$799,000

Active Under Contract Listing ID 12418665
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1501 S Kolin Avenue 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.

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Property Features

  • Facts
  • Lot Size: 0.08 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Other

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 799000
  • unparsedaddress: 1501 S Kolin Avenue
  • postalcity: Chicago
  • stateorprovince: IL
  • country: US
  • postalcode: 60623
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.08
  • lotsizeunits: Acres
  • lotsizearea: 0.08
  • livingarea: 0
  • livingareaunits: Square Feet
  • listagentfullname: Victor Jimenez
  • listagentemail: victor@yourpad.com
  • listagentkey: 3yd-MREDIL-239816
  • listagentmlsid: 239816
  • listagentpreferredphone: 8478068336
  • listagentofficephone: 8478068336
  • listofficekey: 3yd-MREDIL-8970
  • listagentstatelicense: 475157367
  • listofficemlsid: 8970
  • disclaimer: Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MREDIL
  • yearbuilt: 1924
  • listingcontractdate: 2025-07-13
  • listagenturl: http://yourpad.com
  • countyorparish: Cook
  • parcelnumber: 16222240010000
  • numberofunitstotal: 7
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: Prudential Real Estate
  • architecturalstyle: Other
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Berkshire Hathaway HomeServices American Heritage Real Estate", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"ccage@yourpad.com", "ListBrokerageCity":"Elk Grove Village", "ListBrokerageCountry":"US", "ListBrokerageEmail":"ccage@yourpad.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/MREDIL/856b5991739211e1ab7c12313904e194/20141112161726205.png", "ListBrokerageName":"Berkshire Hathaway HomeServices American Heritage Real Estate", "ListBrokeragePhone":"847-806-8336", "ListBrokeragePostalCode":"60007", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"25 Turner Avenue", "ListBrokerageWebsiteUrl":"http://yourpad.com", "ListOfficeAddress1":"1010 Rohlwing Road", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"85196", "ListOfficeCity":"Elk Grove Villag", "ListOfficeCountry":"US", "ListOfficeEmail":"nahagent@yourpad.com", "ListOfficePostalCode":"60007", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"Commercial Sale - Chicago, IL", "ListingURL":"https://listings.listhub.net/pages/MREDIL/12418665/?channel=rexren", "MLSModificationTimestamp":"2025-07-23T15:12:01Z", "Neighborhoods":[{"Description":null, "Name":"CHI - North Lawndale"}], "PostalCode":null, "RawPropertySubType":null, "RawPropertyType":"Commercial Sale", "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":11881, "TaxDescription":null, "TaxYear":"2023"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 7/23/2025 9:07:54 PM GMT
Source Updated Date: 12/7/2025 12:56:07 PM GMT

Courtesy of: Victor Jimenez, Berkshire Hathaway HomeServices American Heritage, victor@yourpad.com

Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.