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Rehabbed Three-Unit Brick Triplex
For Sale
$599,000

1222 S Karlov Ave, Chicago, IL 60623

Three updated residential units feature rear porches and a full unfinished walk-out basement.

Property SizeContact for details
Days on Market8

Property Features for 1222 S Karlov Ave

General Information

Standard status Active
Property subtype Multi-Family

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 3 x 2BR/1BA
Multifamily Units 3

Amenities

rear porches

Building Details

Year Built 1915
Buildings 1
Construction brick
Listing Agency: Coldwell Banker Realty
Listed By: Jamie Decker · License #471018395
Source: Dealwithdecker
Added: Aug 25 Changed: Aug 31 Last Checked: Aug 31 at 3:13PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty

Investment Insights

Based on property information with market context.

This brick triplex contains three 2-bedroom, 1-bathroom residences, each with an updated kitchen and bathroom. Recent building improvements include HVAC systems, water heaters, flooring, paint and finishes, roof work, and tuckpointing. Rear porches serve the units, while the full unfinished walk-out basement provides storage and may offer additional potential subject to zoning and permitting.

Located at 1222 S Karlov Ave in Chicago’s North Lawndale neighborhood, the property is near CTA transportation, neighborhood shopping, restaurants, parks, and everyday amenities. Access to the I-290 Eisenhower Expressway connects the property with downtown Chicago and surrounding areas. The building was constructed in 1915.

Key Highlights

  • Three 2‑bedroom, 1‑bathroom units in a brick triplex
  • Extensive renovation includes kitchens, bathrooms, HVAC, water heaters, flooring, and finishes
  • Roof improvements and tuckpointing completed

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Skin Care Clinic HVAC Service Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

827
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three updated residential units feature rear porches and a full unfinished walk-out basement.
Where is this triplex located?
The property is located at 1222 S Karlov Ave Chicago, IL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Three 2‑bedroom, 1‑bathroom units in a brick triplex; Extensive renovation includes kitchens, bathrooms, HVAC, water heaters, flooring, and finishes; Roof improvements and tuckpointing completed
More about this property
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