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1300 S KARLOV Avenue
Chicago IL 60623 US

$1,850,000

Active Listing ID 12418660
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$1,850,000

Active Listing ID 12418660
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1300 S KARLOV Avenue Discover an exceptional investment opportunity with this 17-unit brick building that delivers immediate income potential. This well-maintained property features individual furnaces and separate water heaters in each unit, ensuring tenant comfort while minimizing owner expenses. The building showcases thoughtful updates throughout, including modernized kitchens and bathrooms, updated electrical service, and quality copper plumbing that stands the test of time. Recent improvements include professional roof maintenance with silver coating and newer vinyl windows that enhance both energy efficiency and curb appeal. Each spacious two-bedroom, one-bathroom unit offers generous living areas and large bedrooms that tenants love. The solid brick construction provides durability and timeless appeal while maintaining excellent occupancy rates. This turnkey investment requires no immediate property improvements, making it perfect for investors seeking steady cash flow from day one. The building's proven track record of high occupancy rates and premium rents speaks to its desirable location and quality management potential.

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Property Features

  • Facts
  • Property Type: Commercial Sale
  • Property Sub-type: Other

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 1850000
  • unparsedaddress: 1300 S KARLOV Avenue
  • postalcity: Chicago
  • stateorprovince: IL
  • country: US
  • postalcode: 60623
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0
  • lotsizeunits: Acres
  • livingarea: 0
  • livingareaunits: Square Feet
  • listagentfullname: Victor Jimenez
  • listagentemail: victor@yourpad.com
  • listagentkey: 3yd-MREDIL-239816
  • listagentmlsid: 239816
  • listagentpreferredphone: 8478068336
  • listagentofficephone: 8478068336
  • listofficekey: 3yd-MREDIL-8970
  • listagentstatelicense: 475157367
  • listofficemlsid: 8970
  • disclaimer: Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MREDIL
  • yearbuilt: 1927
  • listingcontractdate: 2025-07-13
  • listagenturl: http://yourpad.com
  • countyorparish: Cook
  • parcelnumber: 16222130020000
  • numberofunitstotal: 17
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: Prudential Real Estate
  • architecturalstyle: Other
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Berkshire Hathaway HomeServices American Heritage Real Estate", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"ccage@yourpad.com", "ListBrokerageCity":"Elk Grove Village", "ListBrokerageCountry":"US", "ListBrokerageEmail":"ccage@yourpad.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/MREDIL/856b5991739211e1ab7c12313904e194/20141112161726205.png", "ListBrokerageName":"Berkshire Hathaway HomeServices American Heritage Real Estate", "ListBrokeragePhone":"847-806-8336", "ListBrokeragePostalCode":"60007", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"25 Turner Avenue", "ListBrokerageWebsiteUrl":"http://yourpad.com", "ListOfficeAddress1":"1010 Rohlwing Road", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"85196", "ListOfficeCity":"Elk Grove Villag", "ListOfficeCountry":"US", "ListOfficeEmail":"nahagent@yourpad.com", "ListOfficePostalCode":"60007", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"Commercial Sale - Chicago, IL", "ListingURL":"https://listings.listhub.net/pages/MREDIL/12418660/?channel=rexren", "MLSModificationTimestamp":"2025-08-12T11:08:01Z", "Neighborhoods":[{"Description":null, "Name":"CHI - North Lawndale"}], "PostalCode":null, "RawPropertySubType":null, "RawPropertyType":"Commercial Sale", "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":24627, "TaxDescription":null, "TaxYear":"2023"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 8/12/2025 5:07:16 PM GMT
Source Updated Date: 12/7/2025 12:56:07 PM GMT

Courtesy of: Victor Jimenez, Berkshire Hathaway HomeServices American Heritage, victor@yourpad.com

Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.