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$199,999 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 6 Total Beds
  • Updated 20 hours ago
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Attention all rehabber/investors!!! Your next project just hit the market and just in time for the Spring Market. With an ARV of $500k+ this is the one !! Legal 3 unit with an unfinished basement ready to be duplexed down . Whether its Rehab-Resell- Repeat or Rehab & Rent , this is the deal to snag before someone else does :)

Full Property Details for 1222 S Karlov Ave

General

  • Price: $199,999
  • Taxes: $2,328 (2023)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12573167
  • Updated: 2/19/2026
  • Added to Site: 1 day(s) ago

Rental Information

  • Complex Features: Curbs, Sidewalks, Street Lights, Street Paved

Interior

  • Basement: Unfinished

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Upper - Full Baths: 3

Bedrooms

  • Total Bedrooms: 6

Additional Information

  • Equipment: Ceiling Fan(s)
  • Other Features: Commuter Bus

Location

  • Area: CHI - North Lawndale
  • County: Cook
  • Township: West Chicago
  • Driving Directions: hwy 290 - S/Kostner Avenue - E/Roosevelt Road - S/Karlov Avenue to home (N/13th Avenue & W/Pulaski Road & E/Kedvale Avenue)

School Information

  • School District: 299
  • Elem School District: 299
  • Midd School District: 299
  • High School District: 299

Heating & Cooling

  • Heating Type: None

Utilities

  • Sewer: Public Sewer
  • Water: Lake Michigan

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Unfinished, Exterior Entry, Storage Space, Full
  • Foundation: Brick/Mortar
  • Roof: Rubber
  • Windows: Screens
  • Year Built: 1917
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 3

Additional Structures

  • Other Structures: None

Lot Features

  • Lot Size (Acres): 0.07
  • Lot Size Range: Standard Chicago Lot
  • Lot Dimensions: 3024
  • Fence: Yes
  • Zoning: MULTI
  • Fencing (Description): Fenced

Financial Considerations

  • Assessment Year: 1917
  • Tax Amount: $2,328.62
  • Tax Year: 2023
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: Standard
  • Property ID: 16222050290000

Listed by Realty of America, LLC

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— 1222 S Karlov Ave —

  • Realty of America, LLC

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 1222 S Karlov Ave

School District:Chicago Public School District 299
NameGradesDistance
Hughes C Elementary School
4247 West 15th Street, Chicago, IL 60623
PK-80.4 mi
Manley Career Academy High School
2935 West Polk Street, Chicago, IL 60612
12-111.5 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1222 S Karlov Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/19/2026
Listed
$199,999
25%
MLS
9/09/2025
Sold
$160,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1222 S Karlov Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,329
3%
$10,999
—
2022
$2,270
2%
$10,999
—
2021
$2,219
-32%
$10,999
-25%
2020
$3,262
-4%
$14,593
-13%
2019
$3,381
2%
$16,774
—
2018
$3,324
-25%
$16,774
-18%
2017
$4,420
—
$20,460
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Realty of America, LLC

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1222 S Karlov Avenue, Chicago, IL 60623 (MLS# 12573167) is a Multi-Family property with 3 units containing 6 bedrooms and 0 full bathrooms. 1222 S Karlov Avenue is currently listed for $199,999 and was received on February 19, 2026. Want to learn more about 1222 S Karlov Avenue? Do you have questions about finding other Multi-Family real estate for sale in North Lawndale? You can browse all North Lawndale real estate or contact a Coldwell Banker agent to request more information.

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