Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1300 S Karlov Ave Chicago, IL 60623

    For Sale
    $1,850,000

    Commercial Sale - Chicago, IL

    Days on Market:
    126
    Last Refresh:
    Dec 15 at 6:06 am

    Property Features for 1300 S Karlov Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    APN
    16222130020000

    Building Details

    Year built
    1927
    Number of units
    17
    Architectural style
    Other

    Berkshire Hathaway HomeServices American Heritage Real Estate (847) 806-8336 [email protected]

    Listing agent Victor Jimenez (847) 806-8336 License #475157367

    Listing date Aug 12, 2025

    MLS# 12418660 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    17-Unit Brick Building Investment

    This 17-unit brick building presents an exceptional investment opportunity with immediate income potential. The well-maintained property features individual furnaces and separate water heaters in each unit. Updates throughout the building include modernized kitchens and bathrooms, updated electrical service, and copper plumbing. Recent improvements include professional roof maintenance with silver coating and newer vinyl windows. Each unit offers two bedrooms and one bathroom, with generous living areas and large bedrooms. The solid brick construction provides durability. The property is a turnkey investment requiring no immediate improvements, suitable for investors seeking steady cash flow. The building has a proven track record of high occupancy rates and premium rents. The property is located in Chicago, IL, 60623.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7279198
    Latitude
    41.8641557

    Nearby Similar for Sale

    • $2,350,000

      Renovated Multifamily Building in Rogers Park

      Completely renovated 4-unit building near Loyola University and the Red Line.
      1535 W Estes Ave, Chicago, IL 60626
      View Details
    • $4,240,000

      Bronzeville Collection: Turnkey Investment Opportunity

      Classic Chicago 23-unit building with 20 parking spaces.
      4840 S Indiana Ave, Chicago, IL 60615
      View Details
    • $8,360,000

      Bronzeville Multifamily Investment Opportunity

      Completely renovated 31-unit apartment building near Green Line.
      4358 S Prairie Ave, Chicago, IL 60653
      View Details
    • $699,900
      0.07 Acres

      Residential Income Greystone in Chicago

      Brick building with oversized units in a desirable Chicago location.
      4615 S Vincennes Ave, Chicago, IL 60653
      View Details
    • New
      $699,999
      0.07 Acres

      Turnkey Two-Flat Investment Property

      Modernized two-flat in Chicago, ideal for investors or owner-occupants.
      321 S Richmond St, Chicago, IL 60612
      View Details
    • $1,399,000
      10,500 SF

      Renovated Flex Building in Chicago

      Modernized 10,500 SF flex building in a vibrant Chicago neighborhood.
      526 N Western Ave, Chicago, IL 60612
      View Details

    FAQs

    What type of property is this?
    Apartment building - Well-maintained 17-unit building in Chicago with immediate income potential.
    Where is this apartment building located?
    The property is located at 1300 S Karlov Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: - Immediate income potential from 17 units with high occupancy rates and premium rents.; - Individual furnaces and separate water heaters in each unit minimize owner expenses.; - Modernized kitchens and bathrooms, updated electrical service, and copper plumbing.
    (847) 806-8336
    Request Owner's contact information
    1300 S Karlov Ave Chicago, IL 60623
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1300 S Karlov Ave
    Chicago, IL 60623
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1300 S Karlov Ave Chicago, IL 60623
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.