1851 N Karlov Avenue Chicago, IL ^$ 200,000

1851 N Karlov Avenue

^$ 200,000

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Open House 10/30 5pm - 6pm

1851 N Karlov Avenue

Chicago, IL, 60639

^$ 200,000

Bedrooms7 Baths3.0

Monthly Estimate*

^$ 1,381

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Multi-Family Home for sale in Chicago, IL

for $200,000 with 7 bedrooms and 3 full baths. This home was built in 1903.

An excellent investment opportunity in the heart of Hermosa, this three-flat building features three distinct units with versatile layouts. The first-floor unit offers 3 bedrooms and 1 full bath, the second-floor unit features 2 bedrooms and 1 full bath, and the lower level includes 2 bedrooms and 1 full bath. Each unit has its own gas meter, electric meter, and furnace, with two water heaters serving the building. A gated rear parking pad provides convenient off-street parking for two cars. Ideally located just a five-block walk from the Metra station, nearby parks, and authentic restaurants along Armitage Avenue, this property offers an opportunity to expand your rental portfolio in a well-connected neighborhood.

Open House

10/30/2026 5:00 PM - 6:00 PM

10/31/2026 11:00 AM - 12:30 PM

11/1/2026 11:00 AM - 12:30 PM

1851 N Karlov Avenue Chicago, IL

* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Multi-Family Active

Price

^$ 200,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 3,896

Style

Year Built

1903

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12795522

Features

General

Sewer Public Sewer

Heating Gas Electric

Possession Closing

Construction Materials Vinyl Siding Frame

Year Built 1903

Township West Chicago

Tax Year 2025

Ownership Fee Simple

County Cook

New Construction N

Property Type Residential Income Two to Four Units

Total Rooms 16

Status New

Directions North Ave to Karlov Ave North to 1851

City Chicago

High School District 299

MLS Area CHI - Hermosa

Tax Annual Amount 3896.47

Standard Status Active

Middle/Junior School District 299

Elementary School District 299

Interior

Basement Finished Full

Total Bedrooms 7

Total Baths 3

Bedrooms Possible 7

Full Baths Building 3

Half Baths Building 0

Total Number of Units 3

Exterior

Parking Features Yes

Water Source Lake Michigan Public

Total Parking 2

Lot Dimensions COMMON

Waterfront Y/N N

* Excluded Features

List By

Compass

Broker

ben.lalez@compass.com;Ben@BenLalezTeam.com

Affordability Calculator

$1,706

Per Month

Monthly Principal & Interest: $1,381
Monthly Property Taxes: $325
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.375% 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

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$647,421

Percent of Sale Price 224%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

566059 Elementary School

566846 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/28/2026	$200,000		Listed Price

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1851 N Karlov Avenue, Chicago, IL, 60639 is a Multi-Family Home for sale at $200,000. 1851 N Karlov Avenue has 7 bedrooms, 3.0 baths, and was built in 1903. The property's zip code is 60639 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% 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.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 10/28/2026.

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1851 N Karlov Avenue

Multi-Family Home for sale in Chicago, IL

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