1622 S Karlov Avenue, Chicago, IL, 60623

$470,000

8

Beds

About 1622 S Karlov Avenue

Fantastic opportunity to own a 3-unit building in the heart of North Lawndale! Whether you're an investor looking to maximize rental income or an owner-occupant seeking additional income potential, this property offers incredible flexibility and long-term value. Unit 1 features 2 bedrooms and 1 bathroom, while Units 2 and 3 each offer spacious 3-bedroom, 1-bath layouts with bright living spaces and functional floor plans. The property also includes a convenient coin-operated laundry area, a 4-car parking slab in the rear, and one unit is currently vacant, allowing the new owner to set market rents immediately or move right in. The other two units are tenant-occupied, providing immediate rental income. Conveniently located near schools, parks, shopping, restaurants, public transportation, and major expressways, this is an excellent opportunity to add a turnkey multi-unit property to your portfolio.

Additional Information: This property is located in the CHI - North Lawndale neighborhood, IL. This 8 bedrooms two to four units property is priced at $470,000.

Facts & Features

MLS® # 12741619
Price $470,000
Bedrooms 8
Bathrooms 0.00
Taxes $3,630
Year Built 1908
Type Residential Income
Sub-Type Two to Four Units
Status Price Change

Community Information

Address 1622 S Karlov Avenue
Area CHI - North Lawndale
City Chicago
County Cook
State IL
Zip Code 60623

Amenities

Parking Spaces 4
Parking Yes, Owned
Is Waterfront No
Has Pool No

Interior

Heating Forced Air
Fireplace No
Has Basement Yes
Basement Finished, Full

Exterior

Exterior Brick

School Information

District 299

Additional Information

Days on Market 13
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No
Taxes $3,630

Listing Details

OfficePearson Realty Group

Listing Map

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