1622 S Karlov Avenue, Chicago, IL 60623

Chicago
Local realty services provided by:ERA Naper Realty
1622 S Karlov Avenue,Chicago, IL 60623
$480,000
  • 8 Beds
  • 3 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: john klick
Office: exp realty
MLS#:12707342
Source:MLSNI

Price summary

  • Price:$480,000

About this home

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 2-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.

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Home facts

  • Year built:1908
  • Listing ID #:12707342
  • Updated:August 24, 2026 at 07:17 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:3
  • Full bathrooms:3
  • Rooms Total:15
  • Basement Description:Finished, Full

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1908

Utilities

  • Water:Lake Michigan
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$480,000
  • Tax amount:$3,630 (2024)

Parking

  • Total parking spaces:2
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