Seller's Agent in 2026
Victor Jimenez
Berkshire Hathaway HomeServices American Heritage
(773) 968-0238
7 in this area
79 Total Sales
1501 S Kolin Ave Chicago, IL 60623
North Lawndale Neighborhood
--
Bed
--
Bath
--
Sq Ft
3,765
Sq Ft Lot
About This Home
As of January 2026Discover 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.
Last Agent to Sell the Property
Berkshire Hathaway HomeServices American Heritage License #475157367 Listed on: 07/13/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,881
Year Built
- Built in 1924
Lot Details
- 3,765 Sq Ft Lot
- Lot Dimensions are 30 x 125.5
Home Design
- Brick Exterior Construction
Interior Spaces
- 3-Story Property
Utilities
- Forced Air Heating System
- Heating System Uses Gas
Listing and Financial Details
- Tenant pays for electricity, heat
Community Details
Overview
- 7 Units
Building Details
- Electric Expense $960
- Insurance Expense $13,000
- Trash Expense $1,200
- Water Sewer Expense $10,200
- Operating Expense $37,241
- Gross Income $131,400
- Net Operating Income $94,159
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/02/2026 01/02/26 | Sold | $795,000 | 0.0% | -- | |
| 12/31/2025 12/31/25 | Off Market | $795,000 | -- | -- | |
| 07/21/2025 07/21/25 | Pending | -- | -- | -- | |
| 07/13/2025 07/13/25 | For Sale | $799,000 | +129.7% | -- | |
| 01/12/2020 01/12/20 | Sold | $347,900 | -12.8% | -- | View Prior Sale |
| 10/10/2019 10/10/19 | Pending | -- | -- | -- | |
| 09/17/2019 09/17/19 | Price Changed | $398,999 | 0.0% | -- | |
| 08/27/2019 08/27/19 | For Sale | $399,000 | 0.0% | -- | |
| 08/16/2019 08/16/19 | Pending | -- | -- | -- | |
| 05/07/2019 05/07/19 | For Sale | $399,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $11,882 | $60,400 | $5,481 | $54,919 |
| 2024 | $11,882 | $60,400 | $5,481 | $54,919 |
| 2023 | $11,582 | $56,123 | $6,899 | $49,224 |
| 2022 | $11,582 | $56,123 | $6,899 | $49,224 |
| 2021 | $11,323 | $56,121 | $6,898 | $49,223 |
| 2020 | $7,834 | $35,050 | $6,898 | $28,152 |
| 2019 | $7,066 | $35,050 | $6,898 | $28,152 |
| 2018 | $6,946 | $35,050 | $6,898 | $28,152 |
| 2017 | $9,549 | $44,208 | $5,953 | $38,255 |
| 2016 | $8,854 | $44,208 | $5,953 | $38,255 |
| 2015 | $8,101 | $44,208 | $5,953 | $38,255 |
| 2014 | $5,847 | $31,514 | $5,953 | $25,561 |
| 2013 | $5,732 | $31,514 | $5,953 | $25,561 |
Source: Public Records
Agents Affiliated with this Home
-
Victor Jimenez
-
David Hernandez
Buyer's Agent in 2026
David Hernandez
Coldwell Banker Realty
(773) 250-7590
2 in this area
54 Total Sales
-
I
Seller's Agent in 2020
Ismael Perez
RE/MAX
-
Jose Jimenez
Buyer's Agent in 2020
Jose Jimenez
Avalon Realty Associates, LLC
(847) 506-1000
2 in this area
10 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12418665
APN: 16222240010000
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