Address
1614 S KARLOV Avenue, Chicago, IL
Price
$ 449,995
Property Attributes
- MLS#12047135
- TypeContingent
- CountyCOOK
- CityChicago
- AreaCHI - North Lawndale
- Zip60623
- Style
- Year Built1971
- Taxes$ 2064
- Price$ 449,995
- Bedrooms10
- Full Bathrooms6
- Half Bathrooms0
- Sqr Footage4374
- Lot Size0.14 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Welcome to 1614 Karlov, a rare gem nestled in the heart of North Lawndale. This brick building stands tall, boasting a legal 2-flat structure with an additional 2 garden units, making it a standout in the area. With two units featuring 4 bedrooms and 2 baths each, this property offers ample space for comfortable living, whether for larger families or savvy investors seeking high rental yields. The two additional garden units, each with 1 bed and 1 bath, provide versatile living options and further contribute to the property's appeal. Already generating substantial income with three units rented, this property presents an enticing opportunity for investors looking to expand their portfolio. The vacant unit offers flexibility, catering to both first-time homebuyers eager to live in one unit while generating rental income from the others, or investors looking to maximize returns immediately. Each unit is equipped with separate utilities, furnaces, and hot water tanks, ensuring convenience and independence for tenants and minimizing maintenance concerns. Additionally, the option for laundry facilities at the rear of the building adds further convenience for tenants and potential for additional income streams. Don't miss out on this exceptional investment opportunity.
| Price History | |
|---|---|
| 5/16/2024 | Listed $449,995 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Natural Gas,Forced Air |
| Possession | Closing,Negotiable,Tenant's Rights |
| Zoning | MULTI |
| Year Built | 1971 |
| Township | West Chicago |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| County | Cook |
| Insurance Expense | 79 |
| New Construction | No |
| Property Type | Residential Income |
| Contingency | Attorney/Inspection |
| Total Rooms | 21 |
| Status | Contingent |
| Directions | TAKE 16TH ST. TO KARLOV TURN SOUTH ON KARLOV |
| City | Chicago |
| High School District | 299 |
| MLS Area | CHI - North Lawndale |
| Waterfront Y/N | No |
| Street Name | KARLOV |
| Tax Annual Amount | 2064.05 |
| Electric Expense | 30 |
| Trash Expense | 40 |
| Water Sewer Expense | 112 |
| Virtual Tour | https://tours.vht.com/BWI/T434387022/nobranding |
| Days on Market | 9 |
| Standard Status | Active Under Contract |
| Middle/Junior School District | 299 |
| Elementary School District | 299 |
| Property Type | Two to Four Units |
Interior Features
| Basement | None |
|---|---|
| Street Suffix | Avenue |
| Total Bedrooms | 10 |
| Total Baths | 6 |
| Bedrooms Possible | 10 |
| Basement | None |
| Full Baths Building | 6 |
| Total Number of Units | 4 |
Exterior Features
| Water Source | Lake Michigan,Public |
|---|---|
| Total Parking | 2 |
| Lot Dimensions | 6300 SQ FT |
| Lot Size Acres | 0.14 |
| Exterior | Brick |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Contingent Average in 60623
Price
Taxes
Visits
Year Built
Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than NextHome Select Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2024 All rights reserved.Based on information submitted to the MLS GRID as of June 17, 2024 3:35 PM UTC 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.
Data is updated as of June 17, 2024 3:35 PM UTC
