1837-1839 S Karlov Ave - Apartments FOR SALE


Chicago, IL 60623- Lawndale
$625,000 USD
312-283-0198
1837-1839 S Karlov Ave, Chicago, IL for Sale
$625,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

1837-1839 S Karlov Ave
Chicago, IL 60623
Lawndale


HIGHLIGHTS

  • Well maintained center entry brick masonry property
  • Attractive entry basis for cash flowing property
  • Conversion potential to bring two (2) additional units online for a total of 9 units increasing income
  • Located in the rapidly appreciating North Lawndale submarket

OVERVIEW

Interra Realty is pleased to present exclusively for sale 1837-39 S Karlov Ave, an attractive masonry building o?ering nine total units: six 1Bd/1Ba, one 4Bd/1.5Ba, and two non-conforming 3Bd/2Ba units. Four units have been recently updated with newer finishes in the kitchens and bathrooms. This is an opportunity to acquire an immediately cash-flowing asset with meaningful upside remaining in the rent roll. The two non-conforming units o?er additional income potential and feature spacious layouts, high ceilings, operable windows, and quality finishes. The property represents a chance for qualified investors to own a well-maintained asset in North Lawndale, a rapidly appreciating neighborhood on Chicago's southwest side.

FOR SALE DETAILS

PRICE

$625,000 USD

PRICE/SF

$57 USD /SF

# OF UNITS

9

PRICE/UNIT

$69,444

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,214 SF

ZONING

RS-3

APN/PARCEL ID

16-22-412-012-0000

ASK ABOUT THIS PROPERTY

Jack PearsonInterra RealtyMore Info
312-283-0198

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Jack PearsonInterra RealtyMore Info
312-283-0198

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.