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$649,900 Just Listed
Property Description
Exceptional Jumbo 2-Flat in Archer Heights | Prime Investment or House-Hack Opportunity! Welcome to this beautifully maintained, massive Jumbo 2-flat in a highly sought-after location just steps from Archer Park! Whether you are a savvy investor looking for a value-add property or an owner-occupant wanting to live in one unit while the other pays your mortgage, this meticulously kept property is exactly what you've been waiting for. Unbeatably located near Midway Airport with incredibly easy access to public transportation, orange line, and major highways, this home offers convenience, size, and immense cash-flow potential. Upper Units (Floors 1 & 2): Both the first and second-floor units boast exceptionally large floor plans featuring 3 bedrooms and 1.5 bathrooms. The layouts are perfect for entertaining or large households, offering a spacious living room, two separate dining areas, and a well-appointed kitchen. Finished Basement / In-Law Suite: This fantastic lower level operates as a massive in-law arrangement but can easily be converted into its own dedicated rental unit. It features 2 bedrooms, 1 full bathroom, a comfortable living room, kitchen, 1 separate storage bedroom. Every single unit (including the basement) features two separate entry/exit points. Whisper-Quiet Interiors: Don't let the convenience of the airport proximity deter you! The property has been outfitted with low-decibel soundproofing windows provided directly by Midway Airport. They truly work, offering incredible peace and quiet indoors. Each level (First floor, Second floor, and Basement) is equipped with its own dedicated Air Conditioning unit (3 ACs total). The building features 2 heating units and 2 water heaters (the first floor shares its heating system and water heater with the basement). An included coin-operated laundry facility is located in the basement, providing excellent, steady additional income. The property includes a fully fenced yard and a secure, detached 2-car garage. You can rent garage spaces monthly to tenants. Currently occupied by incredibly loyal, month-to-month tenants who have proudly called this property home for over 5 years and treat it like their own. Current rental rates are below market value. A new owner can easily adjust rents to current market standards for maximum ROI, or comfortably house-hack by moving into one of the massive units and renting out the rest. Situated in a wonderful, walkable neighborhood just one block away from Archer Park and highly rated local schools. Commuting is an absolute breeze with lightning-fast access to I-55, CTA transit options, and Midway Airport. This is a rare opportunity to own a meticulously cared-for jumbo property with endless potential. Schedule your showing today before it's gone! Property is Sold ASIS.
Full Property Details
Full Property Details for 4906 S Kolin Ave
General
- Price: $649,900
- Taxes: $7,205 (2024)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12672260
- Updated: 7/7/2026
- Added to Site: 4 day(s) ago
Interior
- Basement: Finished, F
Rooms
Bathrooms
- Total Bathrooms: 5
- Upper - Full Baths: 3
- Bathroom Features: Soaking Tub
Bedrooms
- Total Bedrooms: 9
Additional Information
- Equipment: Carbon Monoxide Detectors, Ceiling Fan(s), Sump Pump, Multiple Water Heaters, Water Heater-Gas
- Other Features: School Bus Service, Commuter Bus, Commuter Train, Interstate Access
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Garage Door Opener, Yes, Garage Owned, Detached, Garage
Location
- Area: CHI - Archer Heights
- County: Cook
- Township: Lake
- Driving Directions: 2 blocks north of archer ave. 2 blocks south of 47th street on kolin ave
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Heating & Cooling
- Heating Type: Steam
Utilities
- Sewer: Public Sewer
- Water: Lake Michigan
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Finished, Full
- Roof: Asphalt
- Year Built: 1982
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 3780
Financial Considerations
- Assessment Year: 1982
- Tax Amount: $7,205.44
- Tax Year: 2024
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 19102160230000
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Schools
Schools serving 4906 S Kolin Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Edwards Elementary School 4815 South Karlov Avenue, Chicago, IL 60632 | PK-8 | 0.4 mi |
Curie Metropolitan High School 4959 South Archer Avenue, Chicago, IL 60632 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Tax History
Tax History for 4906 S Kolin Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$6,722
—
$39,000
11%
2023
$6,722
3%
$35,000
—
2022
$6,532
3%
$35,000
—
2021
$6,369
27%
$35,000
37%
2020
$5,022
-5%
$25,499
-14%
2019
$5,302
2%
$29,650
—
2018
$5,212
14%
$29,650
21%
2017
$4,591
3%
$24,564
—
2016
$4,449
-16%
$24,564
-14%
2015
$5,279
14%
$28,598
16%
2014
$4,617
2%
$24,691
—
2013
$4,527
1%
$24,691
—
2012
$4,467
—
$24,691
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4906 S Kolin Ave
4906 S Kolin Avenue, Chicago, IL 60632 (MLS# 12672260) is a Multi-Family property with 2 units containing 9 bedrooms and 0 full bathrooms. 4906 S Kolin Avenue is currently listed for $649,900 and was received on July 07, 2026. Want to learn more about 4906 S Kolin Avenue? Do you have questions about finding other Multi-Family real estate for sale in Archer Heights? You can browse all Archer Heights real estate or contact a Coldwell Banker agent to request more information.
