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Price cut: $10,000
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Two to Four Units · Chicago, IL
$480,000$490,000
8 beds · 3 baths
1622 S Karlov Avenue, Chicago, IL, 60623
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What’s special

Fantastic opportunity to own a 3-unit building in the heart of North Lawndale! Whether you're an investor looking to maximize rental income or an owner-occupant seeking additional income potential, this property offers incredible flexibility and long-term value. Unit 1 features 2 bedrooms and 1 bathroom, while Units 2 and 3 each offer spacious 3-bedroom, 1-bath layouts with bright living spaces and functional floor plans. The property also includes a convenient coin-operated laundry area, a 2-car parking slab in the rear, and one unit is currently vacant, allowing the new owner to set market rents immediately or move right in. The other two units are tenant-occupied, providing immediate rental income. Conveniently located near schools, parks, shopping, restaurants, public transportation, and major expressways, this is an excellent opportunity to add a turnkey multi-unit property to your portfolio.
— the listing agent’s description

The home

8 beds
3 baths
Built in 1908
Lot 25X130
Two to Four Units

What it’ll cost

$3,630 taxes / yr
No HOA
Listed $490,000
Now $480,000
29 days on dwello

Estimated monthly payment

$2,994/mo
Principal & interest$2,552
Property taxes$302
Homeowners insurance$140
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WED
Jun 3
THU
Jun 4
FRI
Jun 5
SAT
Jun 6
11:00 am
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29 days on dwello
Price history
Price reduced
Aug 2, 2026
↓ $10,000$480,000
Listed for sale
Jul 16, 2026
$490,000
Now $10,000 below the original list price.
Property taxes
2025
Annual tax bill (MLS)
$3,630/yr
Assessed value
2026
County assessor
$18,001~$180,010 mkt
2025
$18,001~$180,010 mkt
2024
$18,001~$180,010 mkt
2023
$10,000~$100,000 mkt
2022
$10,000~$100,000 mkt
2021
$10,000~$100,000 mkt
2020
$11,188~$111,880 mkt
2019
$12,860~$128,600 mkt
Assessed value from the Cook County Assessor (open records). Estimated market ≈ assessed × 10 for residential; not an appraisal — verify with the assessor.

Features

Forced AirBrickPublic SewerYesOwned

Schools nearby

Mason Elementary School · 0.2 mi
Hughes Elementary School · 0.3 mi
KIPP Ascend Middle School · 0.3 mi
William Penn Elementary School · 0.3 mi
Alexanders Beauty School · 0.4 mi
This listing didn’t include assigned schools, so these are the closest schools (OpenStreetMap) — not necessarily the attendance-zoned schools. Confirm assignment with the district.
Neighborhood
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Nearby places via OpenStreetMap — approximate; verify what matters to you. Map © Mapbox © OpenStreetMap.
MLS listing dataMRED
Listed by John Klick · eXp Realty
Listing last updated Aug 13, 2026 · data refreshed from the MLS Aug 13, 2026, 4:31 PM CT
Based on information submitted to the MLS GRID as of Aug 13, 2026, 4:31 PM CT. Listing data © MRED LLC, distributed by MLS GRID — deemed reliable but not guaranteed; independently verify. Anything shown below this point is not MLS listing data.
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