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2849 S Kolin Ave
Multi-Family
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$320,000

2849 S Kolin Ave, Chicago

73% below median
4 bd·2 ba·0 sqft
Built 19003,049 sqft lotSouth Lawndale

2849 S Kolin Ave, Chicago, IL

4 bd · 2 ba · 0 sqft Multi-Family listed at $320,000, built in 1900 in the South Lawndale neighborhood.

About this home

Turnkey 2-unit investment opportunity in the heart of Little Village-perfect for investors or owner-occupants looking to generate income in a high-demand rental area. This well-maintained property features separate utilities, individual furnaces, and central AC for each unit, making it both efficient and tenant-friendly. Major updates include roof (2019), furnaces (2019), central AC (2020), and a newer water heater (2025)-offering peace of mind and reduced maintenance moving forward. Located just minutes from the CTA Orange Line, providing direct access to Downtown Chicago and Midway Airport-a major draw for tenants and commuters. Conveniently near the vibrant 26th Street corridor, known for its shopping, dining, and local businesses, along with easy access to I-55 for seamless travel throughout the city. Surrounded by parks, schools, and everyday amenities, this property sits in a high-demand rental pocket with strong long-term growth potential.

Property details

Price
$320,000
Bedrooms
4
Bathrooms
2
Year built
1900
Lot size
3,049 sqft
Type
Multi-Family
Days on market
9
Est. property tax
$6,656/yr · $555/mo · 2.08% IL avg
Last sold
$277,500 · Nov 2022

Estimated monthly payment

Down payment20% ($64,000)
Interest rate6.75%
Principal & Interest$1,660
Property Tax$293
Insurance$150
Total$2,104/mo

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Price history

$371K$184K$-4K$27K on May 79 (Sold)$145K on Dec 19 (Sold)$277K on Nov 22 (Sold)$340K on Jul 25 (Initial list)$336K on Sep 25 (Price change)$221K on Sep 25 (Price change)$321K on Sep 25 (Price change)$320K on Apr 26 (Initial list)
$27K · May 79$320K · Apr 26
  1. Apr 17, 2026$320,000Initial list price
  2. Sep 28, 2025$320,777Price change
  3. Sep 27, 2025$220,777Price change
  4. Sep 3, 2025$335,777Price change
  5. Jul 23, 2025$340,000Initial list price
  6. Nov 4, 2022$277,370Sold
  7. Dec 20, 2019$145,000Sold
  8. May 29, 1979$27,000Sold

Location

This home is located in Chicago, IL. Browse more Chicago listings on the Chicago market page or explore the full Chicago market report.

About Chicago: Chicago is the most populous city in the U.S. state of Illinois and in the Midwestern United States. Located on the western shore of Lake Michigan, it is the third-most populous city in the United States, with a population of 2.74 million at the 2020 census. The Chicago metropolitan area has 9.41 million residents and is the third-largest metropolitan area in the country. Chicago is the seat of Cook County, the second-most populous county in the U.S. (source: Wikipedia)

Climate: Average year-round temperature is 51°F with 211 dry days per year and 39.9 inches of annual rainfall.

Location

Map of 2849 S Kolin Ave, Chicago
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Home Intelligence

Neighborhood (zip 60623)

This neighborhood is primarily renter-occupied (38% owner-occupied). Median age is 34.4; 9% hold a bachelor's degree; median household income is $37,814.

Median income
$37,814
Median age
34.4
Owner-occupied
37.8%
Bachelor's degree
9.0%
Census median home value
$203,400

Source: US Census Bureau American Community Survey 5-year estimates.

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