Three-Unit Brick
For Sale
$470,000
1622 S Karlov Avenue, Chicago, IL 60623
Residential Income, Chicago, IL
Property SizeContact for details
Days on Market13
Property Features for 1622 S Karlov Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTI
Bedrooms
8
Bathrooms
3
Full bathrooms
3
Rooms
Basement, Bedroom 4, Bathroom 3, Bathroom 2, Bedroom 7, Bathroom 1, Bedroom 8, Bedroom 3, Bedroom 6, Bedroom 1, Bedroom 5, Bedroom 2
Parking
4
Parking features
Owned
Basement
Finished, Full
Elementary school district
299
Middle school district
299
High school district
299
Directions
16TH ST EAST/WEST TO KARLOV SOUTH TO ADDRESS
Subdivision
CHI - North Lawndale
Standard status
Active
APN
16224050320000
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
3630
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Amenities
coin-operated laundry area
Building Details
Year built
1908
Building materials
Brick
Listing Agency:
Pearson Realty Group
(773) 325-2800
Listed By:
John Klick · License #475182988
(773) 221-4330
Added: Aug 24
Changed: Sep 5
Last Checked: Sep 5 at 11:06AM
MLS# 12741619
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This brick triplex at 1622 S Karlov Avenue contains three residential units with a 2-bedroom, 1-bath layout in Unit 1 and 3-bedroom, 1-bath layouts in Units 2 and 3. One unit is vacant, while the other two are tenant-occupied. The building also includes a coin-operated laundry area, forced-air heating, a basement, and a rear parking slab accommodating four cars.
Constructed in 1908, the property is served by public sewer and carries MULTI zoning. Its Chicago location is near schools, parks, shopping, restaurants, public transportation, and major expressways. The combination of established construction, varied unit layouts, on-site parking, and current occupancy provides a clearly defined multifamily configuration for an owner or investor.
Constructed in 1908, the property is served by public sewer and carries MULTI zoning. Its Chicago location is near schools, parks, shopping, restaurants, public transportation, and major expressways. The combination of established construction, varied unit layouts, on-site parking, and current occupancy provides a clearly defined multifamily configuration for an owner or investor.
Key Highlights
- Three‑unit multifamily building with one 2‑bedroom unit and two 3‑bedroom units
- One unit is vacant; two units are tenant‑occupied
- Coin‑operated laundry area included
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,048
Businesses Nearby
Explore this area
Business Placement
Demographics for 60623, IL
87,649
Population
31,300
Households
2.8
Avg Household Size
32
Median Age
14%
College-Educated
69%
High-School Grad
5.4 sq mi
ZIP Area
16,231
Density / Sq Mi
$44,040
Median Household Income
$32,642
Median Earnings
$1,054
Median Rent
$221,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - MULTI-zoned income property with coin-operated laundry, rear parking, and a mix of occupied and vacant units.
Where is this triplex located?
The property is located at 1622 S Karlov Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: Three‑unit multifamily building with one 2‑bedroom unit and two 3‑bedroom units; One unit is vacant; two units are tenant‑occupied; Coin‑operated laundry area included
