1300 South Karlov Avenue, Chicago, IL

$1,850,000

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About 1300 South Karlov Avenue

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.

Features of 1300 South Karlov Avenue

MLS® # 12418660
Price $1,850,000
Bathrooms 0.00
Acres 0.00
Year Built 1927
Type Commercial Sale
Sub-Type Multi Family 5+
Status Active

Community Information

Address 1300 South Karlov Avenue
Area CHI - North Lawndale
City Chicago
County Cook
State IL
Zip Code 60623

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling None
Fireplace No
Has Basement Yes
Basement Exterior Entry, Bath/Stubbed

Exterior

Exterior Brick
Foundation Block, Concrete Perimeter

Additional Information

Days on Market 98
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeBerkshire Hathaway HomeServices American Heritage
Contact Infonahagent@yourpad.com

Listing Map

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