1505 S Kolin Avenue Chicago, IL $ 625,000
1505 S Kolin Avenue
$ 625,000
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1505 S Kolin Avenue

Chicago, IL, 60623
$ 625,000
Bedrooms8 Baths3.0

Monthly Estimate*

$ 4,317

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Multi-Family Home for sale in Chicago, IL

for $625,000 with 8 bedrooms and 3 full baths. This home was built in 1920.

**Exceptional Four-Unit Investment Opportunity!** Completely transformed from top to bottom, this extensively gut-rehabbed property has been legally rezoned & permitted for four residential units. Nearly every system and surface has been replaced, offering the appeal of modern construction within an existing building. Major improvements include a stunning new brick front facade, new roof, new rear porches, all-new electrical and plumbing systems, new HVAC with separate furnaces and tankless water heaters for each unit, new windows, flooring, kitchens, and beautifully designed bathrooms. No detail has been overlooked in this remarkable transformation! The first floor features 2 bedrooms and 1 bathroom, while the second and third floors each offer 3 bedrooms and 1 bathroom. A fourth residential unit is currently being completed in the full basement, creating additional rental income potential. Each residence showcases contemporary finishes, spacious living areas, and modern conveniences designed for today's lifestyle. Whether you're a savvy investor seeking to expand your portfolio or an owner-occupant looking to live in one unit while generating rental income from the others, this property presents an exceptional opportunity. With extensive capital improvements, multiple income streams, and long-term investment potential.This is a property you won't want to miss. Schedule your private showing today!

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Multi-Family Active

Price

$ 625,000

Bedrooms

8

Full Bath

3

Property Type

Multi-Family

Taxes

$ 2,117

Style

Year Built

1920

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12723416

Features
General
Sewer Public Sewer
Heating Natural Gas Forced Air
Possession Closing
Construction Materials Brick
Year Built 1920
Township West Chicago
Tax Year 2024
Ownership Fee Simple
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 14
Status New
Directions From 16th North on Kolin to 1505
City Chicago
High School District 299
MLS Area CHI - North Lawndale
Tax Annual Amount 2117
Additional Parcels Y/N N
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Finished Full
Total Bedrooms 8
Total Baths 3
Bedrooms Possible 8
Full Baths Building 3
Half Baths Building 0
Total Number of Units 4
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Exterior
Parking Features Yes Owned
Water Source Lake Michigan Public
Total Parking 3
Lot Dimensions 25X125
Waterfront Y/N N
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* Excluded Features
List By
Baird & Warner

Broker

annette.shelton@bairdwarner.com

Email

Affordability Calculator

$4,493
Per Month
96%
4%
0%
Monthly Principal & Interest
$4,317
Monthly Property Taxes
$176
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/15/2026$625,000 Listed Price

Map


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1505 S Kolin Avenue, Chicago, IL, 60623 is a Multi-Family Home for sale at $625,000. 1505 S Kolin Avenue has 8 bedrooms, 3.0 baths, and was built in 1920. The property's zip code is 60623 which is in Chicago, IL