1313 S Karlov Avenue Chicago, IL $ 475,000
1313 S Karlov Avenue
$ 475,000
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1313 S Karlov Avenue

Chicago, IL, 60623
$ 475,000
Bedrooms12 Baths3.0 Sq 4,629

Monthly Estimate*

$ 2,925

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Multi-Family Home for sale in Chicago, IL

for $475,000 with 12 bedrooms and 3 full baths. This 4,629 square foot home was built in 1926.

Turnkey cash-flowing 3-unit building with strong income and upside. Each unit features a large 4-bedroom layout, fully occupied with rents at $1,850, $1,850, and $1,700/month. All tenants are on month-to-month leases, allowing for immediate flexibility and value-add potential. Offered at $475,000, this asset delivers approximately an 8% cap rate with current operations. Monthly expenses reported at ~$2,200, making this a solid performer from day one. Ideal for both investors and owner-occupants-live in one unit while the remaining units generate income to significantly offset your mortgage. Strong unit mix, in-place cash flow, and the ability to increase rents or reposition over time. Property is positioned with a city-owned vacant lot on one side, providing added spacing and a more open feel compared to typical densely built properties. Property being sold AS-IS. Buyer to perform their own due diligence.

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Multi-Family Active

Price

$ 475,000

Bedrooms

12

Full Bath

3

Property Type

Multi-Family

Taxes

$ 6,453

Style

Year Built

1926

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12604573

Features
General
Sewer Public Sewer
Heating Natural Gas
Possession Closing
Construction Materials Brick
Year Built 1926
Township West Chicago
Tax Year 2024
Ownership Fee Simple
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 21
Status New
Directions From Interstate 290 (Eisenhower Expressway): Take I-290 to Pulaski Rd exit. Head south on Pulaski Rd to 13th St. Turn east on 13th St to Karlov Ave. Turn south on Karlov Ave to 1313 S Karlov Av
High School Manley Career Academy High Schoo
City Chicago
High School District 299
MLS Area CHI - North Lawndale
Elementary School Herzl Elementary School
Tax Annual Amount 6453.04
Middle/Junior High School Herzl Elementary School
Virtual Tour https://unbranded.youriguide.com/1313_s_karlov_ave_chicago_il/
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Unfinished Full
Total Bedrooms 12
Total Baths 3
Bedrooms Possible 12
Full Baths Building 3
Half Baths Building 0
Total Number of Units 3
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Exterior
Parking Features Off Alley Yes Owned
Water Source Public
Total Parking 3
Lot Dimensions 3150
Waterfront Y/N N
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* Excluded Features
List By
Arhome Realty

Broker

mark@arhomerealty.com

Email

Affordability Calculator

$3,462
Per Month
84%
16%
0%
Monthly Principal & Interest
$2,925
Monthly Property Taxes
$538
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
5428359 Elementary School
5428359 Middle School
Manley Career Academy High Schoo High School
Pricing History
DatePricePrice ChangeDescription
3/30/2026$475,000 Listed Price

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1313 S Karlov Avenue, Chicago, IL, 60623 is a Multi-Family Home for sale at $475,000 with 4,629 sqft. 1313 S Karlov Avenue has 12 bedrooms, 3.0 baths, and was built in 1926. The property's zip code is 60623 which is in Chicago, IL