Closed

$699,000

1315 Kolin Avenue, Chicago, IL 60623
11 Beds4 Baths21 days
1315 Kolin Avenue·Chicago, IL 60623
11Bedrooms
4Bathrooms
1918Year Built
About This Home

Welcome to 1315 S Kolin Ave, a meticulously renovated brick multi-unit property in the heart of North Lawndale, offering the perfect blend of luxury, function, and income potential. This legal 3-flat features a fully finished 4th unit garden apartment, making it a 4-unit income-producing powerhouse-ideal for both investors and house hackers alike. Currently, the garden unit is leased at $1,800/month, while the three upper units are fully updated and available for immediate lease or occupancy. Live in one unit and rent out the other two for $1,800/month each, generating a total of $5,400/month in rental revenue-more than enough to cover your mortgage and household expenses. This is a golden opportunity to live affordably while building wealth through real estate. The renovation of this property was nothing short of miraculous-no detail was overlooked and no system untouched. Everything is brand new: electrical, plumbing, HVAC, roof, windows, kitchens, bathrooms, flooring, and finishes. Each of the three spacious 3-bedroom, 1-bath units features modern shaker cabinetry, sleek countertops, in-unit laundry, stainless steel appliances, and separate central air and heating systems-ensuring privacy and comfort for every resident with the fourth unit being a 2-bedroom, 1-bath unit with the same amenities. Outside, a new concrete parking pad accommodates multiple vehicles and is secured by a 6-foot privacy fence with a rolling gate. Located in the up-and-coming North Lawndale neighborhood, the property is close to public transit, parks, schools, and shopping. Whether you're an owner-occupant seeking to house hack or an investor looking for strong cash flow and a fully turn-key building, 1315 S Kolin Ave is a rare opportunity you don't want to miss.

MLS# 12362367Listed May 30, 2025Residential Income
Property Details

Beds & Baths

Total Bedrooms11
Total Bathrooms4
Total Rooms24

Size & Structure

Year Built1918
Lot Size25 X 125

Location

CountyCook
TownshipWest Chicago
Zip Code60623

Financial

List Price$699,000
Annual Taxes (2022)$2,270
Monthly Tax Est.$189
Parcel #16222090060000
Interior Features

Heating

None

Basement

UnfinishedFullWalk-Out Access
Exterior & Lot

Construction

Brick
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Parking

On SiteOwned
Tax & Financial
Annual Taxes
$2,270
Tax Year 2022
Monthly Tax Est.
$189
per month
Property Location

1315 Kolin Avenue, Chicago, IL 60623Cook County

$699,000
1315 Kolin Avenue
11 bd4 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
21 days on market
25 X 125
$2,270/yr taxes
$3,863
estimated monthly payment
Principal & Interest
$3,674/mo
Property Tax
$189/mo
$699,000
20% — $139,800
3%50%
6.875%
3%12%
Loan Amount
$559,200
Down Payment
$139,800

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Straight-A Realty, LLC
Agent: Michael Applegate
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