1300 S KARLOV Avenue Chicago, IL $ 1,850,000
1300 S KARLOV Avenue
$ 1,850,000
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1300 S KARLOV Avenue

Chicago, IL, 60623
$ 1,850,000
Bedrooms2 Baths0.0

Monthly Estimate*

$ 11,542

1300 S KARLOV Avenue, Chicago, IL 60623 - Image 1
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1300 S KARLOV Avenue, Chicago, IL 60623 - Image 3
1300 S KARLOV Avenue, Chicago, IL 60623 - Image 4
1300 S KARLOV Avenue, Chicago, IL 60623 - Image 5
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1300 S KARLOV Avenue, Chicago, IL 60623 - Image 7

Multi-Family Home for sale in Chicago, IL

for $1,850,000 with 2 bedrooms. This home was built in 1927.

Discover an exceptional investment opportunity with this 17-unit brick building that delivers immediate income potential. This well-maintained property features individual furnaces and separate water heaters in each unit, ensuring tenant comfort while minimizing owner expenses. The building showcases thoughtful updates throughout, including modernized kitchens and bathrooms, updated electrical service, and quality copper plumbing that stands the test of time. Recent improvements include professional roof maintenance with silver coating and newer vinyl windows that enhance both energy efficiency and curb appeal. Each spacious two-bedroom, one-bathroom unit offers generous living areas and large bedrooms that tenants love. The solid brick construction provides durability and timeless appeal while maintaining excellent occupancy rates. This turnkey investment requires no immediate property improvements, making it perfect for investors seeking steady cash flow from day one. The building's proven track record of high occupancy rates and premium rents speaks to its desirable location and quality management potential.

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Multi-Family Active

Price

$ 1,850,000

Bedrooms

2

Property Type

Multi-Family

Taxes

$ 24,627

Style

Year Built

1927

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12418660

Features
General
Cooling None
Zoning MULTI
Association Fee Includes None
Construction Materials Brick
Year Built 1927
Tenant Pays Electricity Heat
Stories Count 3
Tax Year 2023
Gross Income 278100
County Cook
Net Operating Income 218953
Operating Expense 59147
Insurance Expense 24627
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 0
Possible Use Multi-Family
Status Active
Directions PULASKI N OR S WEST TO 1300 TO ADDRESS
City Chicago
Number Of Units Total 17
MLS Area CHI - North Lawndale
Lot Size Square Feet 0
Tax Annual Amount 24627
Electric Expense 2280
Fuel Expense 0
Trash Expense 2640
Water Sewer Expense 15600
Additional Parcels Y/N N
Standard Status Active
Cap Rate 11
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Interior
Basement Exterior Entry Bath/Stubbed
Total Fireplaces 0
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Exterior
Foundation Details Block Concrete Perimeter
Lot Dimensions 50X125
Lot Size Acres 0
Frontage Type City Street
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* Excluded Features
List By
Berkshire Hathaway Homeservices American Heritage

Broker

victor@yourpad.com

Email

Affordability Calculator

$13,594
Per Month
85%
15%
0%
Monthly Principal & Interest
$11,542
Monthly Property Taxes
$2,052
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/12/2025$1,850,000 -2.63% Price Down
7/13/2025$1,900,000 Listed Price

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1300 S KARLOV Avenue, Chicago, IL, 60623 is a Multi-Family Home for sale at $1,850,000. 1300 S KARLOV Avenue has 2 bedrooms, 0.0 baths, and was built in 1927. The property's zip code is 60623 which is in Chicago, IL