1622 S Karlov Avenue, Chicago IL 60623
Property Description
Fantastic opportunity to own a 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 4-car parking slab in the rear, and one unit is currently vacant, allowing the new owner to set market rents immediately or move right in. The other two units are tenant-occupied, providing immediate rental income. 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.
Features & Information
Key Details
- List Price $470,000
- Property Taxes $3,630
- Year Built 1908
- Status Price Change
- List Market Time 13
Units
-
Unit 1
- Floor B
- Rooms 5
- Beds 2
- Baths 1
- Appliances Stove, Refrigerator, Microwave, Central Air Conditioner, Hardwood Floors, Oven/Built-in
- Rent $1,500/mo
- Tenant Pays Electric,Gas
- Lease Expires 7/27
-
Unit 2
- Floor 1
- Rooms 6
- Beds 3
- Baths 1
- Appliances Stove, Refrigerator, Microwave, Central Air Conditioner, Hardwood Floors, Oven/Built-in
- Tenant Pays Electric,Gas
- Lease Expires VAC
-
Unit 3
- Floor 2
- Rooms 6
- Beds 3
- Baths 1
- Appliances Stove, Refrigerator, Microwave, Central Air Conditioner, Hardwood Floors, Oven/Built-in
- Rent $1,850/mo
- Tenant Pays Electric,Gas
- Lease Expires 8/27
Exterior Features
-
Parking
- # of Cars: 4
Building Information
- Number of Units 3
- Age of Building 100+ Years
Location
- County Cook
- Township West Chicago
- Corporate Limits Chicago
- Directions to Property 16th St East/west To Karlov South To Address
-
Schools
- Elementary School District 299
- Junior High District 299
- High School District: 299
-
Property Taxes
- Tax 3629.88
- Tax Year 2024
- Tax Exemptions None
- Parcel Identification Number 16224050320000
Listed by John Klick for Pearson Realty Group | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 9/8/2026 7:02 AM. 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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