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About the Listing 8970 - 239816,167321
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.
Listing Highlights for 1501 S Kolin Ave
Status
Pending
Days on Site
65
Property Type
Multi-Family
MLS ®
12418665
Year Built
1924
Total Square Footage
0
Lot/Acreage
0.09
County
Cook
Area
CHI - North Lawndale
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond:
- Heating: Forced Air,Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 30 X 125.5
- Zoning: MULTI
- Roof:
- Others:
- Sewer:
- Parking Features: 1-5 Spaces,Detached
Financial Details
- Tax Amount: $11,881
- Taxes w/Assessments: N/A
- Tax/Property ID: 16222240010000
- Tax Year: 2023
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Listing Location
Questions About..
1501 S Kolin Ave Chicago, IL 60623
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