1622 S Karlov Avenue
Chicago, IL, 60623
$490,000
8 Beds
3 Baths
0 SqFt
0 Acres
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$490,000
1622 S Karlov Avenue
Chicago, IL, 60623
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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 Details

Price:
$490,000
MLS #:
MRD12707342
Status:
Active
Beds:
8
Baths:
3
Type:
Multi Family
Neighborhood:
chinorthlawndale
Listed Date:
Jul 16, 2026
Year Built:
1908
Chi – North LawndaleChinorthlawndale

Schools

School District:
299

Interior

Heating
Forced Air

Exterior

Construction Materials
Brick
Parking Features
Yes, Owned
Parking Spots
2
Parking Total
2

Financial

Tax Year
2024
Taxes
$3,630
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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Current real estate data for Multi Family in Chicago as of Jul 21, 2026
1,444
Multi Family Listed
82
Avg DOM
$524,465
Avg List Price

Community

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Property Summary

    1622 S Karlov Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60623. It is listed for $490,000 To schedule a showing of MLS#mrd12707342 at 1622 S Karlov Avenue in Chicago, IL, contact your Compass | Debra Dobbs | The Dobbs Group agent at 3123074909.
1622 S Karlov Avenue
Chicago, IL