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$200,000 Contingent
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Property Description
An excellent investment opportunity in the heart of Hermosa. This three-unit building, classified by Cook County as a three-flat, has been owned by the same family for many years and offers versatile layouts with the opportunity to add value through updates. The first-floor unit offers 3 bedrooms and 1 full bath, the second-floor unit features 2 bedrooms and 1 full bath, and the garden level includes 2 bedrooms and 1 full bath. Each unit has its own gas meter, electric meter, and furnace, with two water heaters serving the building. A gated rear parking pad provides off-street parking for two cars. The building will be delivered vacant at closing, so you can renovate, set your own rents, or owner-occupy. It's a five-block walk from the Metra station, with nearby parks and authentic restaurants along Armitage Avenue. Property sold as-is. No rent roll available. The seller makes no representation regarding the legality or conforming status of the garden unit. Buyer to verify zoning and unit count.
Full Property Details
Full Property Details for 1851 N Karlov Ave
General
- Price: $200,000
- Taxes: $3,896 (2025)
- Status: Contingent
- Type: Multi-Family
- Source: MRED
- MLS ID: 12795522
- Updated: 11/10/2026
- Added to Site: 14 day(s) ago
Interior
- Basement: Finished, F
Rooms
Bathrooms
- Total Bathrooms: 3
- Upper - Full Baths: 3
Bedrooms
- Total Bedrooms: 7
Parking
- Total Spaces: 2
- Parking Features: Yes
Location
- Area: CHI - Hermosa
- County: Cook
- Township: West Chicago
- Driving Directions: North Ave to Karlov Ave, North to 1851
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Heating & Cooling
- Heating Type: Gas, Electric
Utilities
- Sewer: Public Sewer
- Water: Lake Michigan, Public
Structural Information
- Construction: Vinyl Siding, Frame
- Exterior Const.: Vinyl Siding, Frame
- Basement: Yes
- Basement Desc.: Finished, Full
- Year Built: 1903
- Built Before 1978: Yes
Unit Information
- Units in Building: 3
Lot Features
- Lot Size Range: Standard Chicago Lot
- Lot Dimensions: 3125 sf
Financial Considerations
- Assessment Year: 1903
- Tax Amount: $3,896.47
- Tax Year: 2025
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 13344140020000
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Schools
Schools serving 1851 N Karlov Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Mcauliffe Elementary School, Chicago, IL 1841 North Springfield Avenue, Chicago, IL 60647 | K-8 | 0.3 mi |
North-Grand High School 4338 West Wabansia Avenue, Chicago, IL 60639 | 9-12 | 0.4 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 1851 N Karlov Ave
Date
Details
Price
Change
Source
10/28/2026
Listed
$200,000
-62.26%
MLS
3/06/2001
Sold
$530,000
—
Public Record
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
Tax History for 1851 N Karlov Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$18,626
12%
$90,500
15%
2023
$16,644
3%
$78,603
—
2022
$16,222
2%
$78,603
—
2021
$15,858
40%
$78,603
55%
2020
$11,367
11%
$50,840
—
2019
$10,251
2%
$50,840
—
2018
$10,043
-8%
$50,840
—
2017
$10,912
7%
$50,688
—
2016
$10,152
9%
$50,688
—
2015
$9,288
37%
$50,688
39%
2014
$6,756
2%
$36,412
—
2013
$6,622
1%
$36,412
-1%
2012
$6,578
—
$36,658
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1851 N Karlov Ave
1851 N Karlov Avenue, Chicago, IL 60639 (MLS# 12795522) is a Multi-Family property with 3 units containing 7 bedrooms and 0 full bathrooms. 1851 N Karlov Avenue is currently listed for $200,000 and was received on October 28, 2026. Want to learn more about 1851 N Karlov Avenue? Do you have questions about finding other Multi-Family real estate for sale in Hermosa? You can browse all Hermosa real estate or contact a Coldwell Banker agent to request more information.
