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1300 S Karlov Avenue

Chicago, IL 60623
  • $1,850,000
  • STATUS: Active
  • ON SITE: 190 Days
  • MLS #: 12418660
UPDATED: 69 min ago
$1,850,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1927
County:
Area:

School Ratings & Info

Description

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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© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2026-01-20T19:35:56.483 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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1300 S Karlov Avenue Chicago, IL 60623

  • Price: $1,850,000
  • Status: Active
  • On Site: 190 Days
  • Updated: 69 min ago
  • MLS #: 12418660
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1927
Built
Neighborhood:
Cook
County:
Cook
Area:
Cook
Property Description
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.
Exterior Features

Foundation Details BlockConcrete Perimeter Frontage Type City Street Roof Structure Flat

Interior Features

Basement Details Exterior EntryBath/Stubbed Cooling None Fireplaces Total 0 Heat Ventilation Forced AirGas Number Of Dishwashers 0 Number Of Dryers 0 Number Of Ranges 0 Number Of Washers 0

Property Features

Additional Parcels YN No Approximate Age Older Association Fee Includes None Built Before1978 YN Yes Gross Income 278100 Gross Scheduled Income 278100 Insurance Expense 24627 Maintenance Expense 0 Mls Actual Status Active Net Operating Income 218953 Operating Expense 59147 Possible Use Multi-Family Seller Needs Cash Tax Annual Amount 24627 Tax Year 2023 Tenant Pays ElectricityHeat Total Monthly Income 23175 Type Multi Family 5+ Zoning MULTI

Listing information © 2026 Midwest Real Estate Data LLC.
Listing provided courtesy of Berkshire Hathaway HomeServices American Heritage: 847-364-6030.


© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2026-01-20T19:35:56.483 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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