1614 S Karlov Avenue Chicago, IL 60623
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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyCook
- Taxes$2,064
- HOA/Condo/Coop Fees$0
- Days on Site16 Days
- MLS StatusActive Under Contract
- MLS ID Number12047135
- Home Size Source N/A
- Year Built1971
- Lot Size0.14 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Spaces 2
- Sewer Public Sewer
- Basement None
- Acreage 0.14
- Water PublicLake Michigan
- Property Sub Type Multi Family
- Zoning MULTI
- General Information School Bus ServiceCommuter BusCommuter TrainInterstate Access
- Rooms Total 21
- Lot Size Less Than .25 Acre
- Parking Total 2
Interior Features
- Heating Natural GasForced Air
Exterior Features
- Waterfront Property No
Community Features
- Township West Chicago
- MLS Area CHI - North Lawndale