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Three-Unit Residential Triplex
New
For Sale
$180,000

1224 S Kolin Avenue, Chicago, IL 60623

The 1910-built property is a three-unit residential building in Chicago’s North Lawndale area.

Property SizeContact for details
Days on Market4

Property Features for 1224 S Kolin Avenue

General Information

Standard status Active
Property subtype MULTI_FAMILY

Property Condition

Severity Major Repairs Needed
Evidence total gut rehab

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $6,044

Building Details

Year Built 1910
Buildings 1
Listing Agency: Midland Realty Group
Listed By: Nicholas Tsichlis
Source: Dawnmckennagroup
Added: Oct 13 Changed: Oct 15 Last Checked: Oct 14 at 11:48PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Midland Realty Group

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Investment Insights

Based on property information with market context.

Located in Chicago’s North Lawndale area, this three-unit multifamily building dates to 1910. Its interior has undergone a total gut rehabilitation, and the property is being offered in as-is condition.

Key Highlights

  • Three‑unit multifamily building
  • Total gut rehabilitation
  • Built in 1910

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Computer & Electronic Repair Gym & Fitness Center Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

812
Businesses Nearby

Demographics for 60623, IL

87,649
Population
31,300
Households
2.8
Avg Household Size
32
Median Age
14%
College-Educated
69%
High-School Grad
5.4 sq mi
ZIP Area
16,231
Density / Sq Mi
$44,040
Median Household Income
$32,642
Median Earnings
$1,054
Median Rent
$221,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Triplex - The 1910-built property is a three-unit residential building in Chicago’s North Lawndale area.
Where is this triplex located?
The property is located at 1224 S Kolin Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Three‑unit multifamily building; Total gut rehabilitation; Built in 1910
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