Brick Three-Unit Multifamily
New
For Sale
$480,000
1622 S Karlov Avenue, Chicago, IL 60623
Residential Income, Chicago, IL
Property SizeContact for details
Days on Market1
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
Bathroom 2, Bathroom 3, Basement, Bedroom 1, Bedroom 8, Bedroom 4, Bedroom 7, Bathroom 1, Bedroom 5, Bedroom 2, Bedroom 6, Bedroom 3
Parking
2
Parking features
Owned
Basement
Full, Finished
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:
Austin Pearson · License #475143968
(773) 325-2800
Added: Aug 24
Last Checked: Aug 24 at 9:06PM
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.
Built in 1908, this brick triplex contains three residential units with a practical mix of layouts. The first unit has two bedrooms and one bathroom, while the remaining two units each include three bedrooms and one bathroom. A coin-operated laundry area serves the building, and forced-air heating is provided throughout the property. Public sewer service and MULTI zoning are also in place.
One unit is vacant, while the other two are tenant-occupied, creating a combination of current occupancy and available unit flexibility. The rear of the property includes an owned two-car parking slab. The building is located in Chicago’s North Lawndale area near schools, parks, shopping, restaurants, public transportation, and major expressways.
One unit is vacant, while the other two are tenant-occupied, creating a combination of current occupancy and available unit flexibility. The rear of the property includes an owned two-car parking slab. The building is located in Chicago’s North Lawndale area near schools, parks, shopping, restaurants, public transportation, and major expressways.
Key Highlights
- Three‑unit brick multifamily building constructed in 1908
- Unit mix includes one 2‑bedroom unit and two 3‑bedroom units
- One unit vacant; two units tenant‑occupied
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 - Three-unit brick multifamily property with varied layouts, shared 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 $480,000.
What are key features of this property?
This property features: Three‑unit brick multifamily building constructed in 1908; Unit mix includes one 2‑bedroom unit and two 3‑bedroom units; One unit vacant; two units tenant‑occupied
