1614 South Karlov Avenue

Chicago, IL 60623

$449,995
Price
10
Beds
6
Baths
4,374 Sq. Ft.
$103 / Sq. Ft.
4,374
Sq. Ft.
$103
per Sq. Ft.

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...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.
  1. Listed by Dan Ortiz • Baird & Warner

Property Details for 1614 South Karlov Avenue

Area
CHI - North Lawndale
Township
West Chicago
Ownership
Fee Simple
Num Of Parking Spaces
2.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas, Forced Air
Zoning
MULTI

Location

Listing Courtesy of Baird & Warner
Add your commute
LISTING UPDATED: 05/24/2024 05:25 PM

Property Details for 1614 South Karlov Avenue

StatusContingent
MLS #12047135
Days on Market8
Taxes$2,064 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 2 Flat
Year Built1971
Lot Size0.14 AC / 6,098 SF
CountyCook County

Location

Listing Courtesy of Baird & Warner
Add your commute

Building Information for 1614 South Karlov Avenue

Stories-Residences4Year Built1971Building Size-Lot Size0.14 AC / 6,098 SF

Payment Calculator

$2,628 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,456

Property Taxes

$172

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1614 South Karlov Avenue

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Parking: Space/s
  • Parking On Site: true
  • Parking Ownership: Owned
  • Open Parking Spaces: 2.0
Property Information
Interior Features
  • Num Of Rooms: 21
  • Bedrooms (Below Grade): 0
  • Basement Type: None
  • Bedrooms Possible: 10
  • Basement Description: None
  • Basement Bathrooms: No
  • # Full Baths in Building: 6
  • # Half Baths in Building: 0
  • Num of Baths: 6.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan, Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: No
  • Built Before 1978: Yes
  • Age: 51-60 Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 6300 SQ FT
  • Total # Units in Building: 4.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • North Coordinate: 0
  • South Coordinate: 1614
  • East Coordinate: 0
  • West Coordinate: 4100
  • 3 Br Un In Bldg: No
Property and Assessments
  • Buyer Financing: Conventional, Cash
  • Public Document Count: 0
  • Photos Count: 24
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Electric Expense: $30.00
  • Insurance Expense: $79.00
  • Professional Management Expense: $100.00
  • Trash Expense: $40.00
  • Water Sewer Expense: $112.00
Unit 1
  • Unit Type Actual Rent: $845.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 5/24
Unit 2
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Lease Expiration Date: VAC
Unit 3
  • Unit Type Actual Rent: $1,345.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 3
  • Lease Expiration Date: MTM
Unit 4
  • Unit Type Actual Rent: $1,345.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 4
  • Lease Expiration Date: MTM

Property History for 1614 South Karlov Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1614 South Karlov Avenue

Taxable ValueLand$5,033Additions$4,968Total$10,001
Tax Record2022$2,064 ($172 / month)
Home Facts
Baths3Total Finished SqFt3,236 SqFtAbove Grade Finished SqFt3,236 SqFtStories2Lot Size6,300 SqFtStyleMulti-Family Res (5+ Units)Year Built1974CountyCOOKAPN16-22-405-046

Schools near 1614 South Karlov Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - K to 8
Charter - 10 to 12
Rating
School
Distance
Mason Elementary School
PublicPK to 8

Infinity Math Science & Tech High School
Public9 to 12

KIPP Chicago Chrtrs - Ascend Acad
CharterK to 8

YCCS-CCA Academy HS
Charter10 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Baird & Warner

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 05/24/2024 05:25 PM. 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.