1313 S Karlov Avenue, Chicago, IL 60623

• 12 beds |
• 3 baths

Property Description

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 Status:

Active

Data Last Updated:

April 13, 2026 at 4:20PM

Listing Office:

arhome realty : 773-775-5500

Listing Agent:

Mark Anthony : 773-864-9898

MLS ID:

12604573

Interior

• Basement: UnfinishedFull
• Heating: Natural Gas

Exterior

• Parking: Off AlleyYesOwnedParking spaces: 3

Location

• Originating MLS: mred
• School District: 299
• County: Cook

Lot

• Zoning: 16222140060000

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: mred
• Ownership: Fee Simple