Chicago, IL 60623 1300 S KARLOV Avenue
$1,900,000



2 more



Presented By: Berkshire Hathaway HomeServices American Heritage
Home Details
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.
Presented By: Berkshire Hathaway HomeServices American Heritage
Interior Features for 1300 S KARLOV Avenue
Other Interior Features
BasementExterior Entry, Bath/Stubbed
Total Fireplaces
General for 1300 S KARLOV Avenue
Additional Parcels Y/NNo
Association Fee IncludesNone
Cap Rate11
CityChicago
Construction MaterialsBrick
CoolingNone
CountyCook
DirectionsPULASKI N OR S, WEST TO 1300, TO ADDRESS
Electric Expense2280
Fuel Expense
Gross Income278100
Insurance Expense24627
Lot Size Square Feet
MLS AreaCHI - North Lawndale
Maintenance Expense
ModificationTimestamp2025-07-19T05:07:09.292Z
Net Operating Income218953
Number Of Units Total17
Operating Expense59147
Possible UseMulti-Family
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusActive
Stories Count3
Tax Annual Amount24627
Tax Year2023
Tenant PaysElectricity, Heat
Trash Expense2640
Water Sewer Expense15600
Year Built1927
ZoningMULTI
Exterior for 1300 S KARLOV Avenue
Foundation DetailsBlock, Concrete Perimeter
Frontage TypeCity Street
Lot Dimensions50X125
Lot Size Acres0
Additional Details
Price History
