Renovated Four-Unit
For Sale
$625,000
1505 S Kolin Avenue, Chicago, IL 60623
A permitted four-residence configuration combines updated interiors with separate furnaces and tankless water heaters for each unit.
Property SizeContact for details
Days on Market10
Property Features for 1505 S Kolin Avenue
General Information
Standard status
Active
Total Parking Spaces
3
Property subtype
Residential Income
Site & Location
Neighborhood
Lawndale
Units
Unit Mix
1 x 2BR/1BA, 2 x 3BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$2,117
Building Details
Year Built
1920
Buildings
1
Listing Agency:
Black Castle Properties
(815) 708-0141
Listed By:
Jennifer Held
(815) 979-7386
Source:
Blackcastleprop
Added: Oct 16
Changed: Oct 22
Last Checked: Oct 22 at 2:12PM
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 Black Castle Properties
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Investment Insights
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Built in 1920, this Chicago quadplex has been extensively renovated, with a new brick front facade, roof, rear porches, windows, flooring, kitchens and bathrooms. Electrical and plumbing systems have been replaced, and each unit has a separate furnace and tankless water heater. The first floor is configured with two bedrooms and one bathroom; the second and third floors each have three bedrooms and one bathroom. A fourth residence is being completed in the full basement. The property is legally rezoned and permitted for four residential units.
Located at 1505 S Kolin Avenue, the property has a four-unit residential configuration, with the basement residence still in progress.
Located at 1505 S Kolin Avenue, the property has a four-unit residential configuration, with the basement residence still in progress.
Key Highlights
- Legally rezoned and permitted for four residential units
- Full basement unit is currently being completed
- First‑floor residence has 2 bedrooms and 1 bathroom
Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,000
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - A permitted four-residence configuration combines updated interiors with separate furnaces and tankless water heaters for each unit.
Where is this quadplex located?
The property is located at 1505 S Kolin Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Legally rezoned and permitted for four residential units; Full basement unit is currently being completed; First‑floor residence has 2 bedrooms and 1 bathroom
