1505 S Kolin Avenue
Chicago, IL, 60623
$625,000
8 Beds
3 Baths
0 SqFt
0 Acres
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$625,000
1505 S Kolin Avenue
Chicago, IL, 60623
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**Exceptional Four-Unit Investment Opportunity!** Completely transformed from top to bottom, this extensively gut-rehabbed property has been legally rezoned & permitted for four residential units. Nearly every system and surface has been replaced, offering the appeal of modern construction within an existing building. Major improvements include a stunning new brick front facade, new roof, new rear porches, all-new electrical and plumbing systems, new HVAC with separate furnaces and tankless water heaters for each unit, new windows, flooring, kitchens, and beautifully designed bathrooms. No detail has been overlooked in this remarkable transformation! The first floor features 2 bedrooms and 1 bathroom, while the second and third floors each offer 3 bedrooms and 1 bathroom. A fourth residential unit is currently being completed in the full basement, creating additional rental income potential. Each residence showcases contemporary finishes, spacious living areas, and modern conveniences designed for today’s lifestyle. Whether you’re a savvy investor seeking to expand your portfolio or an owner-occupant looking to live in one unit while generating rental income from the others, this property presents an exceptional opportunity. With extensive capital improvements, multiple income streams, and long-term investment potential.This is a property you won’t want to miss. Schedule your private showing today!

Property Details

Price:
$625,000
MLS #:
MRD12723416
Status:
Active
Beds:
8
Baths:
3
Type:
Multi Family
Neighborhood:
chinorthlawndale
Listed Date:
Oct 15, 2026
Year Built:
1920
Chi – North LawndaleChinorthlawndale

Schools

School District:
299

Interior

Heating
Natural Gas, Forced Air

Exterior

Construction Materials
Brick
Parking Features
Yes, Owned
Parking Spots
3
Parking Total
3

Financial

Tax Year
2024
Taxes
$2,117
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Debra Dobbs is one of Chicago’s top realtors with more than 42 years in the real estate business.

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Current real estate data for Multi Family in Chicago as of Oct 19, 2026
1,312
Multi Family Listed
79
Avg DOM
$534,732
Avg List Price

Community

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Property Summary

    1505 S Kolin Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60623. It is listed for $625,000 To schedule a showing of MLS#mrd12723416 at 1505 S Kolin Avenue in Chicago, IL, contact your Compass | Debra Dobbs | The Dobbs Group agent at 3123074909.
1505 S Kolin Avenue
Chicago, IL