1501 S Kolin Avenue new

Chicago,IL 60623

$ 799000

- Bed

- Bath

- SqFt


Key Details

Property Type Commercial

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12418665

Year Built 1924

Annual Tax Amount $11,881

Tax Year 2023

Lot Size 3,484 Sqft

Lot Dimensions 30 X 125.5

Property Sub-Type Multi Family 5+

Property Description

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.

Location

State IL

County Cook

Zoning MULTI

Interior

Fireplace N

Exterior

View Y/N true

Building

Structure Type Brick

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