IL
Cook
Chicago
60623
1313 S Karlov Avenue
1313 S Karlov Avenue, Chicago, IL 60623
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Listing Type
Multi Family
Listing Status
Active
24
$475,000

Home Details for 1313 S Karlov Avenue

Price
$475,000
Type
Residential Income
Bedrooms
12
Total Bathrooms
3
Year built
1926
County
Cook
Total rooms
21
Basement
Unfinished, Full
Days on site
6
MLS Listing#
12604573
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.

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Property Features
  • Basement
    • Unfinished
    • Full
  • Heating Information
    • Natural Gas
  • Water Features
    • Public
School Information
School Information for 1313 S Karlov Avenue, Chicago, IL 60623
Elementary School
Herzl Elementary School
Middle School
Herzl Elementary School
High School
Manley Career Academy High Schoo
Listing Courtesy: arhome realty - 773-775-5500
Midwest Real Estate Data logo Based on information submitted to the MLS GRID as of 2026-04-04 23:51:08. 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.
Last Updated: 2026-04-04 23:51:08
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EXIT INFINITY REALTY
719 S Western Ave, Ste #1, Chicago, IL 60612
Office
312 834 4383
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