1622 S Karlov Avenue, Chicago, IL 60623
Cook County
Key Facts
Description
Fantastic opportunity to own a fully vacant, move-in-ready 3-unit building in the heart of North Lawndale! Whether you're an investor looking to maximize rental income or an owner-occupant seeking additional income potential, this property offers incredible flexibility and long-term value. Unit 1 features 2 bedrooms and 1 bathroom, while Units 2 and 3 each offer spacious 3-bedroom, 1-bath layouts with bright living spaces and functional floor plans. The property also includes a convenient coin-operated laundry area, a 2-car parking slab in the rear, and all units are vacant, allowing the new owner to set market rents immediately or move right in. Conveniently located near schools, parks, shopping, restaurants, public transportation, and major expressways, this is an excellent opportunity to add a turnkey multi-unit property to your portfolio.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1908
Lot Dimensions
25X130
Parking Spaces
2
Ownership
Fee Simple
Zoning
MULTI
Days on Market
1
MLS® Listing#
12707342
Property Features
Heating
Basement
Construction
Sewer
Financial Details
Annual Taxes
$3,630
Tax year 2024
Parcel Number
16224050320000
Directions
16TH ST EAST/WEST TO KARLOV SOUTH TO ADDRESS
Affordability Calculator
$98,000
Estimated monthly payment
$2,608/mo
Principal $392,000 · Est. interest $546,875 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Chicago, IL
- $389,049
- Median Listing Price
- 46
- Median Days on Market
- 1,422
- Median Sq Ft
- $277
- Median Price / Sq Ft
- 4,620
- Active Listings
- This home’s price is 26% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Chicago, IL.
Location
- 1622 S Karlov Avenue, Chicago, IL 60623
Points of Interest in Chicago, IL
Showing the Chicago area map.
Nearby Schools
Mason Elementary
Elementary · 0.2 mi away
Our Lady of Lourdes Early Learning Center
School · 0.2 mi away
Chicago Public Schools
Elementary · 0.3 mi away
Chicago Public Schools
Elementary · 0.3 mi away
Chicago West Side Christian School
School · 0.5 mi away
Cca Academy
School · 0.5 mi away
Theodore Herzl Elementary School
Elementary · 0.5 mi away
Frazier International Magnet School
Elementary · 0.6 mi away
Chicago Public Schools
School · 0.6 mi away
Webster Elementary School
Elementary · 0.8 mi away
Chicago Public Schools
School · 0.8 mi away
Lawndale Community Academy
School · 0.8 mi away
Chicago Public Schools
School · 0.8 mi away
Crown Community Academy
Elementary · 0.9 mi away
Epiphany Catholic School
Elementary · 0.9 mi away
Corkery Elementary School
Elementary · 0.9 mi away
Chicago Public Schools
Elementary · 0.9 mi away
Kipp Ascend Primary
Elementary · 1.0 mi away
Chicago Public Schools
School · 1.0 mi away
Gregory Math & Sci Elementary Academy
Elementary · 1.0 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
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|---|---|---|---|---|
| 3018 W Flournoy Street, Chicago, IL | $349,999 | 9 | 3 | — |
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| 7927 S LANGLEY Avenue, Chicago, IL | $350,000 | 9 | 3 | — |
| 8542 S LOWE Avenue, Chicago, IL | $355,000 | 7 | 3 | — |
| 6620 S Drexel Avenue, Chicago, IL | $359,900 | 8 | 2 | — |
| 8143 S Colfax Avenue, Chicago, IL | $369,000 | 8 | 4 | — |
Moving Cost Estimate
EXIT Agents in Chicago
Listing Courtesy: eXp Realty - (773) 221-4330
Last Updated: 2026-07-16