1501 South Kolin, Chicago IL 60623
$799,000

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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.

Features & Information

Key Details

  • List Price $799,000
  • Property Taxes $11,881
  • Price/ Sq. Ft. Unavailable
  • Year Built 1924
  • Status New

Building Information

  • Age of Building Older
  • Exterior Construction Brick
  • Heating & Cooling Forced Air, Gas

Location

  • County Cook
  • Directions to Property Southeast Corner Kolin And 15th Street
  • Property Taxes

  • Tax 11881
  • Parcel Identification Number 16222240010000

Listed by Victor Jimenez for Berkshire Hathaway HomeServices American Heritage | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 7/15/2025 9:02 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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