1614 S KARLOV Avenue Chicago, IL $ 449,995
1614 S KARLOV Avenue
$ 449,995
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1614 S KARLOV Avenue

Chicago, IL, 60623
$ 449,995
Bedrooms10 Baths6.0 Sq 4,374

Monthly Estimate*

$ 2,991

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Multi-Family Home for sale in Chicago, IL

for $449,995 with 10 bedrooms and 6 full baths. This 4,374 square foot home was built in 1971 on a lot size of 0.14.

Welcome to 1614 Karlov, a rare gem nestled in the heart of North Lawndale. This brick building stands tall, boasting a legal 2-flat structure with an additional 2 garden units, making it a standout in the area. With two units featuring 4 bedrooms and 2 baths each, this property offers ample space for comfortable living, whether for larger families or savvy investors seeking high rental yields. The two additional garden units, each with 1 bed and 1 bath, provide versatile living options and further contribute to the property's appeal. Already generating substantial income with three units rented, this property presents an enticing opportunity for investors looking to expand their portfolio. The vacant unit offers flexibility, catering to both first-time homebuyers eager to live in one unit while generating rental income from the others, or investors looking to maximize returns immediately. Each unit is equipped with separate utilities, furnaces, and hot water tanks, ensuring convenience and independence for tenants and minimizing maintenance concerns. Additionally, the option for laundry facilities at the rear of the building adds further convenience for tenants and potential for additional income streams. Don't miss out on this exceptional investment opportunity.

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Multi-Family Contingent

Price

$ 449,995

Bedrooms

10

Full Bath

6

Property Type

Multi-Family

Taxes

$ 2,064

Style

Lot Size

0.14

Year Built

1971

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12047135

Features
General
Sewer Public Sewer
Heating Natural Gas Forced Air
Possession Closing Negotiable Tenant's Rights
Zoning MULTI
Year Built 1971
Township West Chicago
Tax Year 2022
Percent Ownership Fee Simple
County Cook
Insurance Expense 79
New Construction N
Property Type Residential Income Two to Four Units
Contingency Attorney/Inspection
Total Rooms 21
Status Contingent
Directions TAKE 16TH ST. TO KARLOV TURN SOUTH ON KARLOV
City Chicago
High School District 299
MLS Area CHI - North Lawndale
Waterfront Y/N N
Street Name KARLOV
Tax Annual Amount 2064.05
Electric Expense 30
Trash Expense 40
Water Sewer Expense 112
Virtual Tour https://tours.vht.com/BWI/T434387022/nobranding
Days on Market 9
Standard Status Active Under Contract
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement None None
Street Suffix Avenue
Total Bedrooms 10
Total Baths 6
Bedrooms Possible 10
Full Baths Building 6
Half Baths Building 0
Total Number of Units 4
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Exterior
Water Source Lake Michigan Public
Total Parking 2
Lot Dimensions 6300 SQ FT
Lot Size Acres 0.14
Exterior Brick
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* Excluded Features
List By
Baird & Warner

Broker

dan.ortiz@bairdwarner.com

Email

Affordability Calculator

$3,163
Per Month
95%
5%
0%
Monthly Principal & Interest
$2,991
Monthly Property Taxes
$172
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/16/2024$449,995 Listed Price

Map


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1614 S KARLOV Avenue, Chicago, IL, 60623 is a Multi-Family Home for sale at $449,995 with 4,374 sqft and a lot size of 0.14. 1614 S KARLOV Avenue has 10 bedrooms, 6.0 baths, and was built in 1971. The property's zip code is 60623 which is in Chicago, IL