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$660,000
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Property Description
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.
Full Property Details
Full Property Details for 1315 S Kolin Ave
General
- Sold For: $660,000
- Taxes: $2,270 (2022)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12362367
- Added to Site: 230 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 11
Parking
- Total Spaces: 4
- Parking Features: On Site, Owned
- Parking On-Site: Yes
Location
- Area: CHI - North Lawndale
- County: Cook
- Driving Directions: Just South of Roosevelt, West of Pulaski
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: None
Utilities
- Water: Lake Michigan
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Unfinished, Full, Walk-Out Access
- Year Built: 1918
- Built Before 1978: Yes
Unit Information
- Units in Building: 4
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 25 x 125
- Zoning: MULTI
Financial Considerations
- Assessment Year: 1918
- Tax Amount: $2,270.03
- Tax Year: 2022
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 16222090060000
Listed by Straight-A Realty, LLC
Sold by Re/Max 10
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Schools
Schools serving 1315 S Kolin Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Hughes C Elementary School 4247 West 15th Street, Chicago, IL 60623 | PK-8 | 0.2 mi |
Manley Career Academy High School 2935 West Polk Street, Chicago, IL 60612 | 12-11 | 1.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1315 S Kolin Ave
Date
Details
Price
Change
Source
8/04/2025
Sold
$660,000
-5.58%
MLS
5/30/2025
Listed
$699,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1315 S Kolin Avenue, Chicago, IL 60623 (MLS# 12362367) is a Multi-Family property that was sold at $660,000 on August 04, 2025. Want to learn more about 1315 S Kolin Avenue? Do you have questions about finding other Multi-Family real estate for sale in North Lawndale? You can browse all North Lawndale real estate or contact a Coldwell Banker agent to request more information.

