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60623
60623
W88° 17' 3''
N41° 51' 31.8''
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Victor Jimenez ABRe-PROPSARENESFRSRS
3037619
Property Description

Discover an exceptional investment opportunity with this fully occupied 7-unit brick building that delivers immediate income potential. This well-maintained property features individual in unit furnaces and BRAND NEW separate water heaters, ensuring tenant comfort while minimizing owner expenses. The building showcases thoughtful updates throughout, including modernized kitchens and bathrooms, as well as BRAND NEW copper plumbing that stands the test of time. Recent improvements include professional roof maintenance with silver coating and newer vinyl windows (2023) that enhance both energy efficiency and curb appeal. The property features 3 spacious three-bedroom, one-bathroom units and 4 two-bedroom, one bathroom units with generous living areas and large bedrooms that tenants love. The solid brick construction provides durability and timeless appeal while maintaining excellent occupancy rates. This turnkey investment requires no immediate property improvements, making it perfect for investors seeking steady cash flow from day one. The buildings proven track record of high occupancy rates and premium rents speaks to its desirable location and quality management potential.

1501 S Kolin Avenue

Chicago, Illinois 60623, United States

  • Square Footage: 3,484.80 Sqft
$799,000
Listing ID#170524
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Basic Details
Property Type : Commercial
Listing Type : Contingent
Listing ID : 170524
Ref ID : 410536129
Price : $799,000
Square Footage : 3,484.80 Sqft
Lot Area : 0.08 Sqft
MLS : 12418665
Office ID : IL308-001
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Agent info
Victor Jimenez ABR,e-PRO,PSA,RENE,SFR,SRS
American Heritage Real Estate
American Heritage Real Estate
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