Closed

$449,995

1614 KARLOV Avenue, Chicago, IL 60623
10 Beds6 Baths8 days
1614 KARLOV Avenue·Chicago, IL 60623
10Bedrooms
6Bathrooms
1971Year Built
About This Home

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.

MLS# 12047135Listed May 16, 2024Residential Income
Property Details

Beds & Baths

Total Bedrooms10
Total Bathrooms6
Total Rooms21

Size & Structure

Year Built1971
Lot Size0.140 acres

Location

CountyCook
TownshipWest Chicago
Zip Code60623

Financial

List Price$449,995
Annual Taxes (2022)$2,064
Monthly Tax Est.$172
Parcel #16224050460000
Interior Features

Heating

Natural GasForced Air

Basement

None
Exterior & Lot

Construction

Brick
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake MichiganPublic

Parking

On SiteOwned
Tax & Financial
Annual Taxes
$2,064
Tax Year 2022
Monthly Tax Est.
$172
per month
Property Location

1614 KARLOV Avenue, Chicago, IL 60623Cook County

$449,995
1614 KARLOV Avenue
10 bd6 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
8 days on market
0.140 acres
$2,064/yr taxes
$2,537
estimated monthly payment
Principal & Interest
$2,365/mo
Property Tax
$172/mo
$449,995
20% — $89,999
3%50%
6.875%
3%12%
Loan Amount
$359,996
Down Payment
$89,999

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Baird & Warner
Agent: Dan Ortiz
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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