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1622 S Karlov Avenue Chicago, IL $ 490,000
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1622 S Karlov Avenue
$ 490,000
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1622 S Karlov Avenue

Chicago, IL, 60623
$ 490,000
Bedrooms8 Baths3.0

Monthly Estimate*

$ 3,094

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Multi-Family Home for sale in Chicago, IL

for $490,000 with 8 bedrooms and 3 full baths. This home was built in 1908.

Fantastic opportunity to own a fully vacant, move-in-ready 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 all units are vacant, allowing the new owner to set market rents immediately or move right in. 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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Multi-Family Active

Price

$ 490,000

Bedrooms

8

Full Bath

3

Property Type

Multi-Family

Taxes

$ 3,629

Style

Year Built

1908

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12707342
Features
General
Sewer Public Sewer
Heating Forced Air
Possession Closing
Zoning MULTI
Construction Materials Brick
Year Built 1908
Township West Chicago
Tax Year 2024
Ownership Fee Simple
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 15
Status New
Directions 16TH ST EAST/WEST TO KARLOV SOUTH TO ADDRESS
City Chicago
High School District 299
MLS Area CHI - North Lawndale
Tax Annual Amount 3629.88
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Finished Full
Total Bedrooms 8
Total Baths 3
Bedrooms Possible 8
Full Baths Building 3
Half Baths Building 0
Total Number of Units 3
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Exterior
Parking Features Yes Owned
Water Source Lake Michigan
Total Parking 2
Lot Dimensions 25X130
Lot Size Acres 0
Waterfront Y/N N
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* Excluded Features
List By
Exp Realty

Broker

john@oneklickaway.com

Email

Affordability Calculator

$3,396
Per Month
91%
9%
0%
Monthly Principal & Interest
$3,094
Monthly Property Taxes
$302
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
See complete school information
Pricing History
DatePricePrice ChangeDescription
7/16/2026$490,000 Listed Price

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1622 S Karlov Avenue, Chicago, IL, 60623 is a Multi-Family Home for sale at $490,000. 1622 S Karlov Avenue has 8 bedrooms, 3.0 baths, and was built in 1908. The property's zip code is 60623 which is in Chicago, IL

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