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Legal 3-Unit Residential Income Property

1539 N Kolin Avenue Chicago, IL 60651

New
1539 N Kolin Avenue, Chicago, IL, 60651
$499,999
For Sale
$499,999

MULTI_FAMILY - Chicago, IL

Days on Market2

Property Features for 1539 N Kolin Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Rooms
Bedroom 3, Basement, Bedroom 1, Bedroom 5, Bedroom 4, Bedroom 6, Bathroom 3, Bathroom 2, Bathroom 1, Bedroom 2
Parking
1
Parking features
Garage
Basement
Full, Finished
Standard status
Active
APN
16032020110000

Taxes and HOA fees

Tax Year
2024
Tax Annual Amount
6512

Utilities

Sewer type
Public Sewer
Heating system
Baseboard, Steam
Water source
Public

Building Details

Year built
1914
Building materials
Brick
Listing Agency Redfin Corporation
112 S. Sangamon St Ste 400, Des Plaines, IL
Listed by Miguel Lopez · License #475176198
Added: Jul 17 Checked: Jul 18 at 2:06 am
MLS# 12700554 Listing URL

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.


Investment Insights

Based on property information with market context.

This legal 3-unit residential income property features three units, each with two bedrooms and one bathroom. The first and second-floor residences each include separate living rooms, dining rooms, and kitchens. Tenants have individual control over their own boilers and water heaters, and the second-floor boiler was replaced in 2025. The building also offers a shared common area with free laundry facilities and a large backyard, along with a 1.5-car garage.

The property is located in the northwest corner of Humboldt Park and is described as being a short drive from park amenities including tennis courts, the beach and lagoon, and the National Museum of Puerto Rican Arts & Culture, as well as nearby sports fields. Public transportation, local grocery options, and popular dining spots are also noted in the remarks.

According to the seller’s information, the roof is estimated to be 15–20 years old and most appliances are original, with the first-floor stove and range updated in 2025. All tenants are on month-to-month leases, providing flexibility for new ownership.

Key Highlights

  • Legal 3‑unit building in Humboldt Park with each unit offering 2 bedrooms and 1 bathroom
  • Second‑floor boiler was replaced in 2025; tenants have individual control of boilers and water heaters
  • Large backyard plus shared common area with free laundry facilities

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Law Firm Real Estate Agency Skin Care Clinic Acupuncture Carpet & Flooring Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Pet Grooming Service (Bike/Boat/Book/etc) Store HVAC Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Legal 3-unit building with two-bedroom, one-bath units, separate living spaces, and shared laundry plus backyard.
Where is this triplex located?
The property is located at 1539 N Kolin Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: Legal 3‑unit building in Humboldt Park with each unit offering 2 bedrooms and 1 bathroom; Second‑floor boiler was replaced in 2025; tenants have individual control of boilers and water heaters; Large backyard plus shared common area with free laundry facilities
Contact an agent
More about this property
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