Jose Hernandez
Keller Williams Experience
(224) 505-2360
41 Total Sales
1 in North Lawndale
$110,000 Price
1501 S Kolin Ave Chicago, IL 60623
North Lawndale Neighborhood
--
Beds
--
Baths
--
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
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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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 13, 2025
Closed on
Dec 19, 2025
Sold by
Trust Number 011154 and Bank Financial Na
Bought by
Seller's Agent
Victor Jimenez
Berkshire Hathaway HomeServices American Heritage
Buyer's Agent
David Hernandez
Coldwell Banker Realty
List Price
$799,000
Sold Price
$795,000
Premium/Discount to List
-$4,000
-0.5%
Views
5
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$596,250
Outstanding Balance
$592,818
Interest Rate
6.26%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
May 6, 2021
Sold by
Jj Successors Llc Series 1501
Bought by
Bank Financial National Association and Trust Number 011154
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
2.9%
Purchase Details
Closed on
Jan 11, 2021
Sold by
Jimenez Jose
Bought by
Jj Successors Llc Series 1501
Purchase Details
Listed on
May 7, 2019
Closed on
Jan 10, 2020
Sold by
T & A Real Estate Llc
Bought by
Jimenez Jose
Seller's Agent
Ismael Perez
RE/MAX 10 Lincoln Park
Buyer's Agent
Jose Jimenez
Avalon Realty Associates, LLC
List Price
$399,000
Sold Price
$347,900
Premium/Discount to List
-$51,100
-12.81%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,250
Interest Rate
3.6%
Mortgage Type
Unknown
Purchase Details
Closed on
Oct 5, 2016
Sold by
4315 W 15Th Llc
Bought by
T & A Real Estate Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,875
Interest Rate
4.9%
Mortgage Type
Commercial
Purchase Details
Closed on
May 27, 2011
Sold by
Clearvue Opportunity Xii Llc
Bought by
4315 W 15Th Llc
Purchase Details
Closed on
Feb 17, 2011
Sold by
Johnson Robert
Bought by
Clearvue Opportunity Xii Llc
Purchase Details
Closed on
Jun 6, 2003
Sold by
Anderson Jackson Theresia
Bought by
Johnson Robert
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,100
Interest Rate
5.37%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 15, 1998
Sold by
Johnson Cornelius
Bought by
Jackson Theresia Anderson
Purchase Details
Closed on
Feb 14, 1998
Sold by
Tanner Ulysses A and Tanner Julia A
Bought by
Jackson Theresia Anderson
Purchase Details
Closed on
Dec 20, 1997
Sold by
Rutledge Andre and Rutledge Stephanie R
Bought by
Jackson Theresia Anderson
Purchase Details
Closed on
Dec 18, 1997
Sold by
Anderson Talmitch
Bought by
Jackson Theresia Anderson
Purchase Details
Closed on
Dec 14, 1997
Sold by
Anderson Robert L and Anderson Johnnie M
Bought by
Jackson Theresia Anderson
Home Values in the Area
Average Home Value in this Area
Agents Specializing in North Lawndale, IL
-
Jose Hernandez
-
Christopher Engelmann
Christopher Engelmann
Keller Williams ONEChicago
(855) 908-6042
167 Total Sales
1 in North Lawndale
$340,000 Price
-
Jose Campoverde
Jose Campoverde
Chicagoland Brokers, Inc.
(773) 830-6812
26 Total Sales
6 in North Lawndale
$210K - $370K Price Range
-
Elona Orlovska
Elona Orlovska
Chicagoland Brokers, Inc.
(708) 853-6521
74 Total Sales
1 in North Lawndale
$116,000 Price
-
Tameka Lewis-Madkins
Tameka Lewis-Madkins
Keller Williams Preferred Rlty
(224) 219-0117
109 Total Sales
3 in North Lawndale
$320K - $450K Price Range
-
Mario Zelaya
Mario Zelaya
eXp Realty
(844) 909-1323
47 Total Sales
1 in North Lawndale
$475,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $795,000 | None Listed On Document | ||
| Bank Financial National Association | -- | None Available | |
| Jj Successors Llc Series 1501 | -- | None Available | |
| Jimenez Jose | $348,000 | Saturn Title Llc | |
| T & A Real Estate Llc | $262,500 | Chicago Title | |
| 4315 W 15Th Llc | $90,000 | Premier Title | |
| Clearvue Opportunity Xii Llc | -- | None Available | |
| Johnson Robert | $243,000 | Chicago Title Insurance Comp | |
| Jackson Theresia Anderson | -- | -- | |
| Jackson Theresia Anderson | -- | -- | |
| Jackson Theresia Anderson | -- | -- | |
| Jackson Theresia Anderson | -- | -- | |
| Jackson Theresia Anderson | -- | -- | |
| Jackson Theresia Anderson | -- | -- | |
| Jackson Theresia Anderson | -- | -- | |
| Jackson Theresia Anderson | -- | -- | |
| Jackson Theresia Anderson | -- | -- | |
| Jackson Theresia Anderson | -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $596,250 | ||
| Previous Owner | Bankfinancial Na | $586,000 | |
| Previous Owner | Bankfinancial Na | $344,000 | |
| Previous Owner | Bankfinancial Na | $308,000 | |
| Previous Owner | Bankfinancial Na | $244,000 | |
| Previous Owner | Jimenez Jose | $251,250 | |
| Previous Owner | T & A Real Estate Llc | $196,875 | |
| Previous Owner | Johnson Robert | $170,100 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $12,180 | $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
Seller's Agent in 2026
Victor Jimenez
Berkshire Hathaway HomeServices American Heritage
(773) 968-0238
6 in this area
81 Total Sales
-
David Hernandez
Buyer's Agent in 2026
David Hernandez
Coldwell Banker Realty
(773) 250-7590
2 in this area
46 Total Sales
-
IP
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
1 in this area
9 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12418665
APN: 16222240010000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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