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Mario Bilotas

mario@fourdaughtersrealestate.com +1(847) 886-4663

$ 799,000

Est. payment -/mo

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Active Under Contract

1501 S Kolin AVE Chicago, IL 60623

3,484 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active Under Contract

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

Area Chi - North Lawndale

Zoning MULTI

Interior

Fireplace N

Building

Dwelling Type Multi Family 5+

Structure Type Brick

Listed by Victor Jimenez of Berkshire Hathaway HomeServices American Heritage

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MY BLOGS

THE FRONT PORCH SWING

Oh, the memories. I remember my girls spending countless hours swinging front to back and side to side, hanging out with the neighborhood kids, splashing with the water hose, or crafting top-secret plans with their imaginations. It was awesome. How times have changed. With my two youngest girls slowly nearing college graduation and my older girls working hard in their careers, the days of simple life are taken over by group texts and long-distance daily check-ins. It's just not the same.

less is more, unless, it's for less.

Each day, I'd get my MLS home showing sheets ready, the electronic key card that opens lock-boxes, get dressed with minutes turning into seconds frantically starring at the time ticking away. All ready but just need to ...find ....one matching sock.

Contact Us

Phone

+1(847) 886-4663

mario@fourdaughtersrealestate.com

Address

205 W. Miner Street, Arlington Heights, IL, 60005