1505 S Kolin Ave, Chicago, IL 60623
What's special
**Exceptional Four-Unit Investment Opportunity!** Completely transformed from top to bottom, this extensively gut-rehabbed property has been legally rezoned & permitted for four residential units. Nearly every system and surface has been replaced, offering the appeal of modern construction within an existing building. Major improvements include a stunning new brick front facade, new roof, new rear porches, all-new electrical and plumbing systems, new HVAC with separate furnaces and tankless water heaters for each unit, new windows, flooring, kitchens, and beautifully designed bathrooms. No detail has been overlooked in this remarkable transformation! The first floor features 2 bedrooms and 1 bathroom, while the second and third floors each offer 3 bedrooms and 1 bathroom. A fourth residential unit is currently being completed in the full basement, creating additional rental income potential. Each residence showcases contemporary finishes, spacious living areas, and modern conveniences designed for today's lifestyle. Whether you're a savvy investor seeking to expand your portfolio or an owner-occupant looking to live in one unit while generating rental income from the others, this property presents an exceptional opportunity. With extensive capital improvements, multiple income streams, and long-term investment potential.This is a property you won't want to miss. Schedule your private showing today!
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Travel times
Living Room
Kitchen
Primary Bedroom
Zillow last checked:
Listing updated:
Annette Shelton 773-368-0588,
Baird & Warner
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 4
- Full bathrooms: 3
Heating
- Forced Air
Features
- Basement: Finished,Full
Video & virtual tour
Property
Parking
- Total spaces: 3
- Parking features: Yes, Owned
Lot
- Size: 3,125 Square Feet
- Dimensions: 25X125
Details
- Parcel number: 16222240020000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
- Year built: 1920
- Major remodel year: 2026
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan, Public
Community & HOA
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $310,000
- Annual tax amount: $2,117
- Date on market: 10/15/2026
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 5/31/2023 | Sold | $80,000-11.1% |
Source:  MRED as distributed by MLS GRID #11778014 Report a problem | ||
| 5/22/2023 | Contingent | $90,000 |
Source: MRED as distributed by MLS GRID #11778014 Report a problem | ||
| 5/15/2023 | Price change | $90,000-10% |
Source: MRED as distributed by MLS GRID #11778014 Report a problem | ||
| 5/8/2023 | Listed for sale | $100,000 |
Source: MRED as distributed by MLS GRID #11778014 Report a problem | ||
| 10/26/2022 | Listing removed | -- |
Source: MRED as distributed by MLS GRID #11609456 Report a problem | ||
| 10/19/2022 | Price change | $100,000-20% |
Source: MRED as distributed by MLS GRID #11609456 Report a problem | ||
| 10/11/2022 | Price change | $125,000-3.8% |
Source: MRED as distributed by MLS GRID #11609456 Report a problem | ||
| 9/15/2022 | Price change | $130,000-7.1% |
Source: MRED as distributed by MLS GRID #11609456 Report a problem | ||
| 9/7/2022 | Price change | $139,900-6.7% |
Source: MRED as distributed by MLS GRID #11609456 Report a problem | ||
| 8/20/2022 | Listed for sale | $149,900+130.6% |
Source: MRED as distributed by MLS GRID #11609456 Report a problem | ||
| 1/19/2022 | Sold | $65,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,251 +195.3% | $31,000 +210% |
| 2023 | $2,117 +2.6% | $9,999 |
| 2022 | $2,064 +2.3% | $9,999 |
| 2021 | $2,017 -31% | $9,999 -23.5% |
| 2020 | $2,923 -3.5% | $13,077 -13% |
| 2019 | $3,030 +1.7% | $15,032 |
| 2018 | $2,979 -30.9% | $15,032 -24.7% |
| 2017 | $4,313 +7.8% | $19,968 |
| 2016 | $3,999 +9.3% | $19,968 |
| 2015 | $3,659 +14.7% | $19,968 +16.1% |
| 2014 | $3,191 +2% | $17,200 |
| 2013 | $3,128 +1.4% | $17,200 |
| 2012 | $3,086 -24.4% | $17,200 -31.8% |
| 2011 | $4,085 -0.4% | $25,208 |
| 2010 | $4,102 +4.4% | $25,208 |
| 2009 | $3,931 +51.1% | $25,208 +39% |
| 2008 | $2,601 +1% | $18,134 |
| 2007 | $2,575 -19.3% | $18,134 -18.5% |
| 2006 | $3,193 +58.3% | $22,244 +80.1% |
| 2005 | $2,018 +1% | $12,348 |
| 2004 | $1,997 +2.2% | $12,348 |
| 2003 | $1,954 +29.3% | $12,348 +46.8% |
| 2002 | $1,511 +3.7% | $8,410 |
| 2001 | $1,456 +31.8% | $8,410 |
| 2000 | $1,105 | $8,410 +46.2% |
| 1999 | -- | $5,754 |
Monthly payment
Estimated market value
Not available
Estimated sales range
Not available
Not available
Climate risks
Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.