1313 Karlov Avenue, North Lawndale, Chicago, Illinois 60623
$475,000
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For Sale
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| Status: | New |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 12 |
| Baths: | 0 |
| Year Built: | 1926 |
| Property Taxes: | $6,453 |
| Days On Market: | 5 |
| Lot Size: | 0,00 |
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.
Property Specifics
| Multi-unit | |
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| 1926 | |
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| No | |
| — |
| Cook | |
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| — / — | |
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| 12604573 | |
| 16222140060000 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
|
Grade School
Herzl Elementary School |
299 | — | |
|
Middle School
Herzl Elementary School |
299 | Not in DB | |
|
High School
Manley Career Academy High Schoo |
299 | Not in DB | |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 30 Aug, 2010 | Sold | $29,000 | MRED MLS |
| 28 Jul, 2010 | Under contract | $29,900 | MRED MLS |
| 23 Jul, 2010 | Listed for sale | $29,900 | MRED MLS |
| 11 Jan, 2018 | Sold | $125,000 | MRED MLS |
| 19 Nov, 2017 | Under contract | $140,000 | MRED MLS |
| 6 Nov, 2017 | Listed for sale | $140,000 | MRED MLS |
| 30 Mar, 2026 | Listed for sale | $475,000 | MRED MLS |
Room Specifics
Total Bedrooms: 12
Bedrooms Above Ground: 12
Bedrooms Below Ground: 0
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Full Bathrooms: 3
Bathroom Amenities: —
Bathroom in Basement: 0
Rooms: —
Basement Description: —
Other Specifics
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| 3150 | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2010 | $4,890 |
| 2018 | $3,554 |
| 2026 | $6,453 |
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Listing Provided By
arhome realty
