NOT LISTED FOR SALE

1837 S Karlov Ave Chicago, IL 60623

North Lawndale Neighborhood
15 Beds
8 Baths
-- Sq Ft
1926 Built

Last Sold November 06, 2018

Last sale price $325,000

105 Days on Market

About This Home

As of November 2018

9 Units in total 7+2 Legal non conforming basement studios. Great Value add opportunity on this solid brick building, 1) 3BD+2BA, 6) 1BD+1BA, 2) Studios. Great investment or live in opportunity. All units were easy to show and were all rented within 2 weeks, largely due to the open layouts, parking and short proximity to the CTA Pink Line train. 2 units on this building were rehabbed in 2014. Remaining units can use a few updates. Steam Boiler was replaced in 2012. Separate gas and electric meters. With only a few cosmetic updates, this building will generate a lot of cash!

Last Agent to Sell the Property

Melsi Bifsha

First Western Properties License #475179687 Listed on: 06/18/2018

Last Buyer's Agent

Augustine Rozon

Agustin Rozon License #471015675

Property Details

Home Type

  • Multi-Family

Year Built

  • 1926

Community Details

  • Fuel Expense $6,500
  • Insurance Expense $3,460

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Year Built

1926

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Zoning Type: MULTI
  • Estimated Age: 36-50 Years
  • Net Operating Income Year: 2016
  • Net Oper Income: 32100
  • Repairs Decor Expense: 1000
  • Scavenger Expense: 960
  • Total Annual Exp: 27900
  • Total Annual Income: 60000
  • Total Monthly Income: 5000
  • Number Of Stories: 3
  • Estimated Year Built: 1926
  • Type Multi Family: Corridor-Exterior Entrance, Corridor-Interior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1926

Garage/Parking

  • Indoor Parking: 1-5 Spaces
  • Number Of Parking Spaces: 4

Utilities

  • Heatventilation: Central Bldg Heat, Gas, Radiators
  • Water Expense: 1600

Condo/Co-op/Association

  • Units in Building: 9

Fee Information

  • Electricity Expense: 960
  • Janitor Expense: 1200

Lot Info

  • Lot Dimensions: 62 X120
  • Lot Sq Ft: 7300
  • Parcel Identification Number: 16224120120000

Rental Info

  • Gross Rental Income: 60000
  • Tenant Pays: Electric

Multi Family

  • Expense Year: 2016
  • Fuel Expense: 6500
  • Insurance Expense: 3460
  • Other Expenses: 4200
  • Number Of Dryers: 2
  • Number Of Washers: 2

Tax Info

  • Taxes: 8573

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/06/2018 11/06/18 Sold $325,000 0.0% --
10/01/2018 10/01/18 Pending -- -- --
06/18/2018 06/18/18 For Sale $325,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2018

    Melsi Bifsha

    First Western Properties

    Section Image

  • A

    Buyer's Agent in 2018

    Augustine Rozon

    Agustin Rozon

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09989313

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60623 North Lawndale

1837 S Karlov Ave, Chicago, IL

This home is located at 1837 S Karlov Ave, Chicago, IL 60623 since 18 June 2018. This property was built in 1926. 1837 S Karlov Ave is a home located in Cook County with nearby schools including Mason Elementary School, The Field School, and Chicago Jesuit Academy.

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