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Two to Four Units · Chicago, IL
$475,000
12 beds · 3 baths
1313 Karlov Avenue, Chicago, IL, 60623
A brick-and-mortar place to make your own — room to make it home.
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What’s special

Turnkey cash-flowing 3-unit building with strong income and upside. Each unit features a large 4-bedroom layout, fully occupied with rents at $1,850, $1,850, and $1,700/month. All tenants are on month-to-month leases, allowing for immediate flexibility and value-add potential. Offered at $475,000, this asset delivers approximately an 8% cap rate with current operations. Monthly expenses reported at ~$2,200, making this a solid performer from day one. Ideal for both investors and owner-occupants-live in one unit while the remaining units generate income to significantly offset your mortgage. Strong unit mix, in-place cash flow, and the ability to increase rents or reposition over time. Property is positioned with a city-owned vacant lot on one side, providing added spacing and a more open feel compared to typical densely built properties. Property being sold AS-IS. Buyer to perform their own due diligence.
— the listing agent’s description

The home

12 beds
3 baths
Built in 1926
Lot 3150
Two to Four Units

What it’ll cost

$6,453 taxes / yr
No HOA
27 days on dwello

Estimated monthly payment

$3,203/mo
Principal & interest$2,526
Property taxes$538
Homeowners insurance$139
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Tour this home

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WED
Jun 3
THU
Jun 4
FRI
Jun 5
SAT
Jun 6
11:00 am
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27 days on dwello
Price history
Listed for sale
Mar 30, 2026
$475,000
Property taxes
2025
Annual tax bill (MLS)
$6,453/yr
Assessed value
2025
County assessor
$32,001~$320,010 mkt
2024
$32,001~$320,010 mkt
2023
$12,000~$120,000 mkt
2022
$12,000~$120,000 mkt
2021
$12,000~$120,000 mkt
2020
$16,775~$167,750 mkt
2019
$19,282~$192,820 mkt
2018
$19,282~$192,820 mkt
Assessed value from the Cook County Assessor (open records). Estimated market ≈ assessed × 10 for residential; not an appraisal — verify with the assessor.

Features

Natural GasBrickPublic SewerOff AlleyYes

Schools

Elementary — Herzl Elementary School
Middle — Herzl Elementary School
High — Manley Career Academy High Schoo
Assigned schools per the listing — always verify enrollment + boundaries with the district.
Neighborhood
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Nearby places via OpenStreetMap — approximate; verify what matters to you. Map © Mapbox © OpenStreetMap.
MLS listing dataMRED
Listed by Mark Anthony · arhome realty
Listing last updated Apr 25, 2026 · data refreshed from the MLS Apr 27, 2026, 7:40 PM CT
Based on information submitted to the MLS GRID as of Apr 27, 2026, 7:40 PM CT. Listing data © MRED LLC, distributed by MLS GRID — deemed reliable but not guaranteed; independently verify. Anything shown below this point is not MLS listing data.
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