$699,000
1315 S Kolin Avenue
Chicago, IL, 60623
Welcome to 1315 S Kolin Ave, a meticulously renovated brick multi-unit property in the heart of North Lawndale, offering the perfect blend of luxury, function, and income potential. This legal 3-flat features a fully finished 4th unit garden apartment, making it a 4-unit income-producing powerhouse-ideal for both investors and house hackers alike. Currently, the garden unit is leased at $1,800/month, while the three upper units are fully updated and available for immediate lease or occupancy. Live in one unit and rent out the other two for $1,800/month each, generating a total of $5,400/month in rental revenue-more than enough to cover your mortgage and household expenses. This is a golden opportunity to live affordably while building wealth through real estate. The renovation of this property was nothing short of miraculous-no detail was overlooked and no system untouched. Everything is brand new: electrical, plumbing, HVAC, roof, windows, kitchens, bathrooms, flooring, and finishes. Each of the three spacious 3-bedroom, 1-bath units features modern shaker cabinetry, sleek countertops, in-unit laundry, stainless steel appliances, and separate central air and heating systems-ensuring privacy and comfort for every resident with the fourth unit being a 2-bedroom, 1-bath unit with the same amenities. Outside, a new concrete parking pad accommodates multiple vehicles and is secured by a 6-foot privacy fence with a rolling gate. Located in the up-and-coming North Lawndale neighborhood, the property is close to public transit, parks, schools, and shopping. Whether you’re an owner-occupant seeking to house hack or an investor looking for strong cash flow and a fully turn-key building, 1315 S Kolin Ave is a rare opportunity you don’t want to miss.
Property Details
Price:
$699,000
MLS #:
MRD12362367
Status:
Active Under Contract
Beds:
11
Baths:
4
Address:
1315 S Kolin Avenue
Type:
Multi Family
Neighborhood:
CHI – North Lawndale
City:
Chicago
Listed Date:
May 30, 2025
State:
IL
ZIP:
60623
Year Built:
1918
Schools
School District:
299
Interior
Heating
None
Exterior
Construction Materials
Brick
Parking Features
On Site, Owned
Parking Spots
4
Financial
Tax Year
2022
Taxes
$2,270
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
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1315 S Kolin Avenue
Chicago, IL
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