1313 S Karlov Avenue, Chicago, IL 60623

Chicago
Local realty services provided by:Better Homes and Gardens Real Estate Star Homes
1313 S Karlov Avenue,Chicago, IL 60623
$475,000
Virtual Tour
  • 12 Beds
  • 3 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: mark anthony
Office: arhome realty
MLS#:12604573
Source:MLSNI

Price summary

  • Price:$475,000

About this home

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.

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Home facts

  • Year built:1926
  • Listing ID #:12604573
  • Updated:April 27, 2026 at 10:47 AM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:3
  • Full bathrooms:3
  • Rooms Total:21
  • Basement:Yes
  • Basement Description:Full, Unfinished

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Year built:1926

Schools

  • High school:Manley Career Academy High Schoo
  • Middle school:Herzl Elementary School
  • Elementary school:Herzl Elementary School

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$475,000
  • Tax amount:$6,453 (2024)

Parking

  • Total parking spaces:3
  • Parking description:Off Alley
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