1313 South Karlov, Chicago IL 60623
- Units 3
- Total Beds 12
- Total Baths 3
- Taxes $6,453.04
- Payment Estimate View Mortgage Calculator
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Property Description
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.
Features & Information
Key Details
- List Price $475,000
- Property Taxes $6,453.04
- Price/ Sq. Ft. Unavailable
- Year Built 1926
- Parking Type Space/s
- Status New
Rooms
- Total Rooms 21
- Basement F
Exterior Features
-
Parking
- Parking Details Space/s
- # of Cars: 3
Building Information
- Number of Units 3
- Age of Building 91-100 Years
- Exterior Construction Brick
- Heating & Cooling Gas
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Units
- Unit 1 Stove, Refrigerator
- Unit 2 Stove, Refrigerator
- Unit 3 Stove, Refrigerator
Location
- County Cook
- Township West Chicago
- Corporate Limits Chicago
- Directions to Property 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 Ave.
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Schools
- Elementary School District 299
- School Name Herzl Elementary School
- Junior High District 299
- School Name Herzl Elementary School
- High School District: 299
- School Name Manley Career Academy Hig
-
Property Taxes
- Tax 6453.04
- Tax Year 2024
- Parcel Identification Number 16222140060000
Utilities
- Sewer Sewer-Publ
Listed by: arhome realty | Phone: 773.775.5500
Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 3/31/2026 6:32 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.
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