1300 S Karlov Ave

Chicago, IL 60623

$1,850,000
Price
34
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Description

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...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.

Property Details for 1300 South Karlov Avenue

Area
CHI - North Lawndale
Air Conditioning Type
None
Num of Interior Fireplaces
0
Zoning
MULTI
LISTING UPDATED: 08/18/2025 12:07 AM

Property Details for 1300 South Karlov Avenue

StatusActive
MLS #12418660
Days on Market178
Taxes$24,627 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1927
Lot Size0.14 AC / 6,250 SF
CountyCook County

Location

Listing Courtesy of Berkshire Hathaway HomeServices American Heritage
Add your commute

Building Information for 1300 South Karlov Avenue

Stories3Residences17Year Built1927Building Size-Lot Size0.14 AC / 6,250 SF

Payment Calculator

$11,194 per month

30 year fixed, 6.28% Interest

Principal and Interest

$9,142

Property Taxes

$2,052

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1300 South Karlov Avenue

General Information
Location and General Information
  • Frontage Type: City Street
  • Information: None
  • Postal Code Plus 4: 1254
Taxes and HOA Information
  • Association Fee Includes: None
  • Additional Parcels: No
Property Information
Interior Features
  • Basement Type: Exterior Entry, Bath/Stubbed
  • Air Conditioning: None
  • # Of Washers: 0
  • Heat/Ventilation: Forced Air,Gas
  • # Of Window/Ac: 0
  • # Of Refrigerators: 0
  • Washer/Dryer Lsd: No
  • # Of Dryers: 0
  • # Of Disposals: 0
  • # Of Dishwashers: 0
  • Num of Baths: 17.0
Exterior Features
  • Misc Outside: Security Gate
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Other
  • Lot Dimensions: 50X125
  • Lot Size Square Feet: 0.0
  • Stories: 3
  • Construction: Brick
  • Roof Structure: Flat
  • Foundation Details: Block, Concrete Perimeter
  • # Of Ranges: 0
  • MRD_UNC: No
Property and Assessments
  • Possible Use: Multi-Family
  • Public Document Count: 2
  • Document Date: 2025-07-15T15:31:51
  • Photos Count: 7
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 17
Income & Expenses
  • Electric Expense: $2,280.00
  • Fuel Expense: $.00
  • Gross Income: $278,100.00
  • Gross Scheduled Income: $278,100.00
  • Insurance Expense: $24,627.00
  • Maintenance Expense: $.00
  • Expense Year: 2024
  • Total Annual Expense Source: Actual
  • Janitor Expense: 0
  • Total Monthly Income: 23175
  • Net Operating Income: $218,953.00
  • Operating Expense: $59,147.00
  • Other Expense: $.00
  • Trash Expense: $2,640.00
  • Water Sewer Expense: $15,600.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 17
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 0
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 1300 South Karlov Avenue

DateEvent & SourcePriceAppreciation
Aug 12, 2025

Price Change

MRED #12418660

$1,850,000—
Jul 13, 2025

Listed (Active)

MRED #12418660

$1,900,000—
Jul 1, 2021

Sold

MRED #10919085

$1,100,000—
Apr 8, 2021

Pending

MRED #10919085

—
Oct 28, 2020

Listed (Active)

MRED #10919085

$1,199,000—
Aug 28, 2019

Sold (Public Record)

Public Record #653059657

$1,000,000

+31.1% / yr

May 4, 2018

Sold (Public Record)

Public Record #621605177

$700,000—
Sep 14, 2010

Cancelled

MRED #07449171

$680,000—
Feb 22, 2010

Listed (Active)

MRED #07449171

$935,000—
DateEvent & SourcePrice
08/12/2025

Price Change

MRED #12418660

$1,850,000
07/13/2025

Listed (Active)

MRED #12418660

$1,900,000
07/01/2021

Sold

MRED #10919085

$1,100,000
04/08/2021

Pending

MRED #10919085

—
10/28/2020

Listed (Active)

MRED #10919085

$1,199,000
08/28/2019

Sold (Public Record)

Public Record #653059657

$1,000,000

+31.1% / yr

05/04/2018

Sold (Public Record)

Public Record #621605177

$700,000
09/14/2010

Cancelled

MRED #07449171

$680,000
02/22/2010

Listed (Active)

MRED #07449171

$935,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1300 South Karlov Avenue

Taxable ValueLand$6,615Additions$109,710Total$116,325
Tax Record2023$24,628 ($2,052 / month)
Home Facts
Stories3Lot Size6,300 SqFtStyleMulti-Family Res (5+ Units)Year Built1928CountyCOOKAPN16-22-213-002

Schools near 1300 South Karlov Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Hughes C Elementary School
Public - PK to 8
Manley Career Academy High School
Public - 9 to 12
YCCS-CCA Academy HS
Charter - 9 to 12
Frazier International Magnet Elementary School
Public - K to 8
Rating
School
Distance
Hughes C Elementary School
PublicPK to 8

Manley Career Academy High School
Public9 to 12

YCCS-CCA Academy HS
Charter9 to 12

Frazier International Magnet Elementary School
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1300 South Karlov Avenue, Chicago, IL 60623

1300 South Karlov Avenue is a multi-family home for sale in Chicago, IL 60623. This property was listed for sale on July 13, 2025 by Berkshire Hathaway HomeServices American Heritage, it's currently listed at $1,850,000. It has been on the market for a total of 178 days and was last sold on July 1, 2021. This listing's school district is Chicago Public Schools. Nearby schools include Hughes C Elementary School, Manley Career Academy High School and YCCS-CCA Academy HS. 1300 South Karlov Avenue is a 34-bed, 17-bath, multi-family home built in 1927.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkshire Hathaway HomeServices American Heritage

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 08/18/2025 12:07 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.