4-Unit Brick
New
For Sale
$625,000
1505 S Kolin Avenue, Chicago, IL 60623
Residential Income, Chicago, IL
Property SizeContact for details
Days on Market2
Property Features for 1505 S Kolin Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
3
Full bathrooms
4
Rooms
Bedroom 6, Bedroom 2, Bedroom 1, Bedroom 8, Bathroom 3, Bedroom 5, Bathroom 4, Basement, Bedroom 7, Bathroom 2, Bedroom 4, Bedroom 3, Bathroom 1
Parking
3
Parking features
Owned
Basement
Finished, Full
Elementary school district
299
Middle school district
299
High school district
299
Directions
From 16th North on Kolin to 1505
Subdivision
CHI - North Lawndale
Standard status
Active
APN
16222240020000
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2117
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1920
Building materials
Brick
Listing Agency:
Baird & Warner
(312) 242-1000
Listed By:
Annette Shelton
(312) 265-8000
Added: Oct 15
Last Checked: Oct 16 at 2:06PM
MLS# 12723416
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
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Built in 1920, this brick quadplex has undergone extensive interior and exterior work, including a replacement roof, new rear porches, windows, flooring, kitchens, and bathrooms. Electrical and plumbing systems have been replaced, and the building has new HVAC equipment with separate furnaces and tankless water heaters for each residence. The property is legally authorized for four units, with the basement residence currently being completed.
The first-floor residence has two bedrooms and one bathroom. The second- and third-floor residences each have three bedrooms and one bathroom. The basement is configured for the fourth unit. Public water and sewer serve the property.
The first-floor residence has two bedrooms and one bathroom. The second- and third-floor residences each have three bedrooms and one bathroom. The basement is configured for the fourth unit. Public water and sewer serve the property.
Key Highlights
- Legally authorized for four residential units; the basement unit is in progress
- First‑floor layout includes 2 bedrooms and 1 bathroom
- Second- and third‑floor residences each have 3 bedrooms and 1 bathroom
Property Analytics
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Current Use
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 - The building has been authorized for four residences, with a basement unit underway and separate mechanical systems planned for each.
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 authorized for four residential units; the basement unit is in progress; First‑floor layout includes 2 bedrooms and 1 bathroom; Second- and third‑floor residences each have 3 bedrooms and 1 bathroom
