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Duplex with Finished Basement In-Law Space
New
For Sale
$574,000

5922 Karlov Ave, Chicago, IL 60629

The vacant main-floor residence offers an owner-occupant the option to live on site alongside existing tenants.

Property SizeContact for details
Days on Market4

Property Features for 5922 Karlov Ave

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Residential Income

Site & Location

Neighborhood West Lawn

Additional Details

Multifamily Units 2
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $5,213

Amenities

laundry room
coin-operated laundry
central heating and cooling
Listing Agency: PAK Home Realty
Listed By: Cesar Sandoval · License #475173908
Source: Exprealty
Added: Oct 21 Changed: Oct 23 Last Checked: Oct 23 at 5:30PM

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 PAK Home Realty

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Investment Insights

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This two-unit duplex includes a one-bedroom upper residence with an eat-in kitchen, living room, and private laundry room, plus a two-bedroom main-floor unit with a combined living and dining area. The main-floor residence is vacant. A finished basement in-law arrangement adds two bedrooms and a full bathroom. The building also has central heating and cooling, a two-car garage, and shared coin-operated Speed Queen laundry with PayRange digital payment capability.

Recent work includes a new roof and gutters, a drain-tile flood-control system, a remodeled basement bathroom, and an updated main-floor kitchen with newer appliances, cabinets, and countertops. A newer water heater, rear exterior storm door, and exterior motion lighting are also in place. Existing tenants occupy the property alongside the vacant main-floor unit.

Key Highlights

  • Two‑unit duplex with finished basement in‑law arrangement
  • Vacant two‑bedroom main‑floor residence; upper unit has one bedroom
  • Basement in‑law space includes two bedrooms and one full bath

Property Analytics

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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,098
Businesses Nearby

Demographics for 60629, IL

114,453
Population
36,283
Households
3.2
Avg Household Size
33
Median Age
14%
College-Educated
74%
High-School Grad
7.0 sq mi
ZIP Area
16,350
Density / Sq Mi
$58,813
Median Household Income
$34,635
Median Earnings
$1,106
Median Rent
$236,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - The vacant main-floor residence offers an owner-occupant the option to live on site alongside existing tenants.
Where is this duplex located?
The property is located at 5922 Karlov Ave Chicago, IL.
What is the asking price?
The asking price for this property is $574,000.
What are key features of this property?
This property features: Two‑unit duplex with finished basement in‑law arrangement; Vacant two‑bedroom main‑floor residence; upper unit has one bedroom; Basement in‑law space includes two bedrooms and one full bath
More about this property
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