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$700,000
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Property Description
Don't miss this fully occupied, all-brick two-flat with a finished garden unit, ideally situated on a quiet, tree-lined street in one of Chicago's most vibrant neighborhoods. Current rents are $6,155 a month with room to improve! Unit 2 is a 2 bed + office with 2 baths rented to long term tenant for $1,780 till July 2026. Unit 1 is a 2 bed with 2 baths rented for $2,100 exp 6/30/25. Unit G is a 3 bed with 1 bath rented for $1,825 exp 7/31/25. Garage and parking pad rented for $450 on a MTM lease. Meticulously maintained and fully renovated in 2014, this building features three spacious, sun-filled units-each offering functional layouts, generous bedroom sizes, and updated finishes throughout. Modern kitchens boast granite countertops and stainless steel appliances, while each unit enjoys in-unit laundry and separate utilities for added convenience. The top floor has exposed brick, a separate sunroom/office, and two large bedrooms with two bathrooms. The first floor features a similar layout with the sunroom open to the living room. The garden unit is a three bedroom 1 bathroom with open concept layout. The property also includes a spacious two-car detached garage with tandem exterior parking rented for $450 a month, providing ample parking and storage. North Mayfair is one of the city's most vibrant and culturally rich neighborhoods. Known for its beautiful tree-lined streets, eclectic mix of global cuisines, and strong sense of community, North Mayfair offers the perfect blend of urban convenience and neighborhood charm. With easy access to 90/94 and the CTA Brown Line, scenic parks like Gompers Park, Eugene Field, River Park, and an ever-growing mix of locally owned shops, cafes, and markets, it's easy to see why North Mayfair continues to attract homeowners, renters, and investors alike. Whether you're looking for a quiet residential block or a buzzing commercial corridor, North Mayfair offers something for everyone. Whether you're an investor seeking reliable rental income or an owner-occupant looking to offset your mortgage, this turnkey building offers strong returns in a rapidly appreciating area.
Full Property Details
Full Property Details for 4825 N Karlov Ave
General
- Sold For: $700,000
- Taxes: $8,022 (2023)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12397032
- Added to Site: 213 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 5
Bedrooms
- Total Bedrooms: 4
Additional Information
- Equipment: Multiple Water Heaters
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 4
- Parking Features: Garage Door Opener, Garage, On Site, Garage Owned, Detached, Off-Alley, Owned
- Parking On-Site: Yes
Location
- Area: CHI - Albany Park
- County: Cook
- Driving Directions: LAWRENCE TO KARLOV, WEST OF PULASKI & NORTH TO PROPERTY
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Natural Gas, Forced Air, Sep Heating Systems - 2+
Utilities
- Water: Lake Michigan
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Finished, Full
- Year Built: 1922
- Built Before 1978: Yes
- Remodeled/Updated: 2014
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Oversized Chicago Lot
- Lot Dimensions: 33 x 126
- Zoning: MULTI
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1922
- Tax Amount: $8,022
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 13104270100000
Listed by Second City Real Estate
Sold by Vesta Preferred LLC
Get Pre-Approved Today
Schools
Schools serving 4825 N Karlov Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Palmer Elementary School 5051 North Kenneth Avenue, Chicago, IL 60630 | PK-8 | 0.5 mi |
Taft High School 6530 West Bryn Mawr Avenue, Chicago, IL 60631 | 9-12 | 3.3 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 4825 N Karlov Ave
Date
Details
Price
Change
Source
9/09/2025
Sold
$700,000
-2.78%
MLS
6/18/2025
Listed
$720,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
4825 N Karlov Avenue, Chicago, IL 60630 (MLS# 12397032) is a Multi-Family property that was sold at $700,000 on September 09, 2025. Want to learn more about 4825 N Karlov Avenue? Do you have questions about finding other Multi-Family real estate for sale in Albany Park? You can browse all Albany Park real estate or contact a Coldwell Banker agent to request more information.

