5922 S Karlov Avenue, Chicago IL 60629
$574,000

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Property Description

Excellent opportunity for an owner-occupant or investor at 5922 S Karlov Ave! This well-maintained 2-unit property offers an additional finished basement in-law arrangement, a 2-car garage, strong existing tenants, and a VACANT main-floor unit-perfect for a buyer looking to move in while generating rental income.The upper unit features a spacious 1-bedroom layout with a large living room, eat-in kitchen, and its own laundry room with washer and dryer. The main-floor unit offers 2 bedrooms, a combined living/dining area, and kitchen. The finished basement in-law arrangement adds 2 bedrooms, 1 full bath, and access to a shared coin-operated Speed Queen laundry system with convenient PayRange digital payment capability. Major improvements make this property even more attractive, including a NEW ROOF AND GUTTERS, newly installed drain-tile/flood-control system, central heating and cooling, newer water heater, remodeled basement bathroom, updated main-floor kitchen with newer appliances, cabinets and countertops, exterior motion lighting, and a newer rear exterior/storm door. With great tenants already in place, a vacant main unit ready for an owner-occupant, multiple living spaces, a 2-car garage, and significant recent improvements, this is a turnkey opportunity with flexibility and income potential. Schedule your showing today!

Features & Information

Key Details

  • List Price $574,000
  • Property Taxes $5,214
  • Year Built 1943
  • Status Active
  • List Market Time 7

Units

  • Unit 1

  • Floor 1
  • Rooms 11
  • Beds 2
  • Baths 1
  • Appliances Stove, Refrigerator
  • Rent $1,650/mo
  • Tenant Pays Electric,Gas
  • Lease Expires mtm
  • Unit 2

  • Floor 2
  • Rooms 3
  • Beds 1
  • Baths 1
  • Appliances Stove, Refrigerator
  • Rent $1,300/mo
  • Tenant Pays Electric,Gas
  • Lease Expires 08/27

Exterior Features

  • Parking

  • # of Cars:  2

Building Information

  • Number of Units 2
  • Age of Building 81-90 Years

Location

  • County Cook
  • Township Lake
  • Corporate Limits Chicago
  • Directions to Property 59th To Karlov. South To Property.
  • Schools

  • Elementary School District 299
  • Junior High District 299
  • High School District: 299
  • Property Taxes

  • Tax 5213.76
  • Tax Year 2025
  • Parcel Identification Number 19154050280000

Listed by Cesar Sandoval for PAK Home Realty | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 11/2/2026 3:02 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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