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$ 470,000
Est. payment /mo
Price Dropped by $10K
1622 S Karlov AVE Chicago, IL 60623
8 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12741619
Bedrooms 8
Year Built 1908
Annual Tax Amount $3,629
Tax Year 2024
Lot Dimensions 25X130
Property Sub-Type Two to Four Units
Property Description
Fantastic opportunity to own a fully occupied 3-unit building in the heart of North Lawndale! This investor-friendly property offers three income-producing units, providing an excellent opportunity for an investor looking to expand their rental portfolio. 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. All three units are currently rented, providing immediate rental income from day one. The property also features a convenient coin-operated laundry area and a 4-car parking slab in the rear. With all units occupied, this property offers a strong opportunity for an investor seeking an income-producing multi-unit property without the need to fill vacant units. Conveniently located near schools, parks, shopping, restaurants, public transportation, and major expressways. Add this income-producing 3-unit property to your portfolio today!
Location
State IL
County Cook
Area Chi - North Lawndale
Zoning MULTI
Rooms
Basement Finished, Full
Interior
Heating Forced Air
Fireplace N
Building
Dwelling Type Two to Four Units
Building Description Brick, No
Sewer Public Sewer
Water Lake Michigan
Structure Type Brick
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by John Klick of Pearson Realty Group
NEARBY SCHOOLS & PROPERTIES
Craig Hogan | Rudy Zavala
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