Chicago, IL 60623,1614 S KARLOV AVE
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Chicago, IL 60623,1614 S KARLOV AVE
Chicago, IL 60623,1614 S KARLOV AVE
Chicago, IL 60623,1614 S KARLOV AVE
Chicago, IL 60623,1614 S KARLOV AVE

$430,000

Est. payment /mo

$449,995

4.4%
Est.Price: ?

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1614 S KARLOV AVE Chicago, IL 60623

10 Beds

6,098 Sqft Lot

SOLD DATE : 07/01/2024

Key Details

Sold Price $430,000

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12047135

Sold Date 07/01/24

Bedrooms 10

Year Built 1971

Annual Tax Amount $2,064

Tax Year 2022

Lot Size 6,098 Sqft

Lot Dimensions 6300 SQ FT

Property Description

Welcome to 1614 Karlov, a rare gem nestled in the heart of North Lawndale. This brick building stands tall, boasting a legal 2-flat structure with an additional 2 garden units, making it a standout in the area. With two units featuring 4 bedrooms and 2 baths each, this property offers ample space for comfortable living, whether for larger families or savvy investors seeking high rental yields. The two additional garden units, each with 1 bed and 1 bath, provide versatile living options and further contribute to the property's appeal. Already generating substantial income with three units rented, this property presents an enticing opportunity for investors looking to expand their portfolio. The vacant unit offers flexibility, catering to both first-time homebuyers eager to live in one unit while generating rental income from the others, or investors looking to maximize returns immediately. Each unit is equipped with separate utilities, furnaces, and hot water tanks, ensuring convenience and independence for tenants and minimizing maintenance concerns. Additionally, the option for laundry facilities at the rear of the building adds further convenience for tenants and potential for additional income streams. Don't miss out on this exceptional investment opportunity.

Location

State IL

County Cook

Area Chi - North Lawndale

Zoning MULTI

Rooms

Basement None

Interior

Heating Natural Gas, Forced Air

Fireplace N

Building

Sewer Public Sewer

Water Lake Michigan, Public

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

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Midwest Real Estate Data (MRED) IDX
Listed by Dan Ortiz • Baird & Warner
Bought with Aldo DeMartinez • Kale Realty

Brent Wilk

Broker | License ID: 471012010

+1(312) 968-2358

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