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$475,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 12 Total Beds
  • Updated 4 days ago
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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.

Full Property Details for 1313 S Karlov Ave

General

  • Price: $475,000
  • Taxes: $6,453 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12604573
  • Updated: 3/30/2026
  • Added to Site: 5 day(s) ago

Interior

  • Basement: Unfinished

Rooms

Bathrooms

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

Bedrooms

  • Total Bedrooms: 12

Additional Information

  • Other Features: School Bus Service, Commuter Bus, Commuter Train, Interstate Access

Parking

  • Total Spaces: 3
  • Parking Features: Off-Alley, Yes, Owned

Location

  • Area: CHI - North Lawndale
  • County: Cook
  • Township: West Chicago
  • Driving Directions: From Interstate 290 (Eisenhower Expressway): Take I-290 to Pulaski Rd exit. Head south on Pulaski Rd to 13th St. Turn east on 13th St to Karlov Ave. Turn south on Karlov Ave to 1313 S Karlov Ave.

School Information

  • School District: 299
  • Elem School District: 299
  • Midd School District: 299
  • High School District: 299
  • Elementary School: Herzl Elementary School
  • Middle School: Herzl Elementary School
  • High School: Manley Career Academy High Schoo
  • Private School: Manley Career Academy High Schoo

Heating & Cooling

  • Heating Type: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Unfinished, Full
  • Year Built: 1926
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 3

Lot Features

  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 3150

Financial Considerations

  • Parking Included: Yes
  • Assessment Year: 1926
  • Tax Amount: $6,453.04
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 16222140060000

Listed by Arhome Realty

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— 1313 S Karlov Ave —

  • Arhome Realty

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Schools serving 1313 S Karlov Ave

School District:Chicago Public School District 299
NameGradesDistance
Hughes C Elementary School
4247 West 15th Street, Chicago, IL 60623
PK-80.3 mi
Manley Career Academy High School
2935 West Polk Street, Chicago, IL 60612
12-111.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1313 S Karlov Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/30/2026
Listed
$475,000
280%
MLS
1/11/2018
Sold
$125,000
—
Public Record
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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 1313 S Karlov Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,540
3%
$11,999
—
2022
$2,476
2%
$11,999
—
2021
$2,421
-35%
$11,999
-28%
2020
$3,749
-4%
$16,775
-13%
2019
$3,887
2%
$19,282
—
2018
$3,821
-9%
$19,282
-1%
2017
$4,189
8%
$19,393
—
2016
$3,884
9%
$19,393
—
2015
$3,554
-9%
$19,393
-8%
2014
$3,919
2%
$21,124
—
2013
$3,842
1%
$21,124
—
2012
$3,791
—
$21,124
—
View All
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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Recent Sales near 1313 S Karlov Ave

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1313 S Karlov Avenue, Chicago, IL 60623 (MLS# 12604573) is a Multi-Family property with 3 units containing 12 bedrooms and 0 full bathrooms. 1313 S Karlov Avenue is currently listed for $475,000 and was received on March 30, 2026. Want to learn more about 1313 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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