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About the Listing 28531 - 270660
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.
Listing Highlights
Status
Active
Days on Site
17
Property Type
Multi-Family
MLS ®
12604573
Year Built
1926
Total Square Footage
0
Lot/Acreage
3150
County
Cook
Area
CHI - North Lawndale
School District
299
Elementary School
Herzl Elementary School
Middle School
Herzl Elementary School
High School
Manley Career Academy High Schoo
Interior Details
- Bedrooms: 12
- Bathrooms: 3 Full
- Appliances:
- Air Cond:
- Heating: Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Unfinished,Full
- Other:
- Water: Public
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 3
- Lot Dimensions: 3150
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Off Alley,Yes,Owned
Financial Details
- Tax Amount: $6,453
- Taxes w/Assessments: N/A
- Tax/Property ID: 16222140060000
- Tax Year: 2024
Payment Calculator
Monthly Payment
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- in Taxes
Years
% Down Payment
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Questions About..
1313 S Karlov Ave Chicago, IL 60623
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