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7-Unit Brick Apartment Building
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223-233 N kolmar Avenue, Chicago, IL 60624

Fully occupied seven-unit brick building with in-unit furnaces, updated kitchens and baths, and newer water heaters.

Property SizeContact for details
Days on Market109

Property Features for 223-233 N kolmar Avenue

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: Berkshire Hathaway HomeServices American Heritage Real Estate
Listed By: Victor Jimenez · License #IL475.157367
Source: Crexi
Added: Apr 24 Changed: Aug 8 Last Checked: Jul 22 at 1:07PM

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 Berkshire Hathaway HomeServices American Heritage Real Estate

Investment Insights

Based on property information with market context.

This fully occupied 7-unit brick apartment building offers a straightforward residential income setup with spacious two-bedroom, one-bathroom units. Each unit is served by an individual in-unit furnace, and the property includes separate water heaters described as newly installed. The building’s interiors have been updated with modernized kitchens and bathrooms, and the plumbing includes newer copper piping.

Additional reported improvements include professional roof maintenance with a silver coating and a newer back porch. The property is presented as turnkey with no immediate improvements identified at this time.

Tenants receive two-bedroom layouts with generous living areas and large bedrooms, all within the durable brick exterior construction.

Key Highlights

  • Fully occupied 7‑unit brick building with individual in‑unit furnaces
  • Updated kitchens and bathrooms throughout the building
  • New separate water heaters for improved tenant service

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Gym & Fitness Center Skin Care Clinic (Bike/Boat/Book/etc) Store

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

Location Intelligence

Trade Area within ½ mile

940
Businesses Nearby

Demographics for 60624, IL

37,547
Population
16,250
Households
2.3
Avg Household Size
34
Median Age
13%
College-Educated
77%
High-School Grad
3.5 sq mi
ZIP Area
10,728
Density / Sq Mi
$32,607
Median Household Income
$30,924
Median Earnings
$1,152
Median Rent
$223,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully occupied seven-unit brick building with in-unit furnaces, updated kitchens and baths, and newer water heaters.
Where is this apartment building located?
The property is located at 223-233 N kolmar Avenue Chicago, IL.
What are key features of this property?
This property features: Fully occupied 7‑unit brick building with individual in‑unit furnaces; Updated kitchens and bathrooms throughout the building; New separate water heaters for improved tenant service
(847) 806-8336 Call to check price and availability
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