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Vacant 3-Unit Residential Income Building

1622 S Karlov Avenue Chicago, IL 60623

New
1622 S Karlov Avenue, Chicago, IL, 60623
$490,000
For Sale
$490,000

MULTI_FAMILY - Chicago, IL

Days on Market3

Property Features for 1622 S Karlov Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTI
Bedrooms
8
Bathrooms
3
Rooms
Bedroom 3, Bedroom 7, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 5, Bedroom 1, Bedroom 2, Bedroom 6, Basement, Bedroom 8, Bathroom 1
Parking
2
Parking features
Owned
Basement
Finished, Full
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

Building Details

Year built
1908
Building materials
Brick
Listing Agency eXp Realty
939 W. North Ave., Chicago, IL
Listed by John Klick · License #475182988
Added: Jul 16 Checked: Jul 18 at 1:06 am
MLS# 12707342 Listing URL

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.

Fully vacant and move-in-ready 3-unit residential income building at 1622 S Karlov Avenue, Chicago, IL 60623. The property includes Unit 1 with 2 bedrooms and 1 bathroom, and Units 2 and 3 each offering 3 bedrooms and 1 bathroom. A convenient coin-operated laundry area is included on-site, along with a 2-car parking slab in the rear.

All three units are vacant, providing flexibility for an owner to move in or set rents immediately. The property is listed as a multi-family asset (Zoning: MULTI) and is described as located near schools, parks, shopping, restaurants, public transportation, and major expressways.

Key Highlights

  • Fully vacant 3‑unit building, move‑in ready and ready for new owners to set rents or occupy
  • Unit mix: 1 unit with 2 bed/1 bath; 2 units with 3 bed/1 bath each
  • Coin‑operated laundry area included on‑site

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Real Estate Agency Law Firm Skin Care Clinic (Bike/Boat/Book/etc) Store Tech Support Center Home Appliance Store Nursing Home Nursing Home Computer & Electronic Repair Gym & Fitness Center

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

FAQs

What type of property is this?
Triplex - Fully vacant, move-in-ready 3-unit building with coin-operated laundry and rear 2-car parking slab.
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 $490,000.
What are key features of this property?
This property features: Fully vacant 3‑unit building, move‑in ready and ready for new owners to set rents or occupy; Unit mix: 1 unit with 2 bed/1 bath; 2 units with 3 bed/1 bath each; Coin‑operated laundry area included on‑site
Contact an agent
More about this property
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