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1614 S KARLOV Avenue Chicago, IL 60623
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Key Details
Sold Price $430,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12047135
Sold Date 07/01/24
Bedrooms 10
Year Built 1971
Annual Tax Amount $2,064
Tax Year 2022
Lot Size 6,098 Sqft
Lot Dimensions 6300 SQ FT
Property 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 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.
Location
State IL
County Cook
Zoning MULTI
Rooms
Basement None
Interior
Heating Natural Gas, Forced Air
Fireplace N
Exterior
Waterfront false
View Y/N true
Building
Sewer Public Sewer
Water Lake Michigan, Public
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Aldo DeMartinez • Kale Realty