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Elliot Lowe

elliot@elliot-lowe.com +1(847) 532-8528

$ 475,000

Est. payment -/mo

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Active

1313 S Karlov AVE Chicago, IL 60623

12 Beds

3 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12604573

Bedrooms 12

Year Built 1926

Annual Tax Amount $6,453

Tax Year 2024

Lot Dimensions 3150

Property Sub-Type Two to Four Units

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.

Location

State IL

County Cook

Area Chi - North Lawndale

Rooms

Basement Unfinished, Full

Interior

Heating Natural Gas

Fireplace N

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction false

Schools

Elementary Schools Herzl Elementary School

Middle Schools Herzl Elementary School

High Schools Manley Career Academy High Schoo

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

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Listed by Mark Anthony of arhome realty

Elliot Lowe

Agent | License ID: 475183132

+1(847) 532-8528

Elliot Lowe

1313 S Karlov AVE Chicago, IL 60623

Key Details

Location

Rooms

Interior

Building

Schools

Others

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1313 S Karlov AVE