1837 S. KARLOV AVENUE

Property Overview

Interra Realty is pleased to present exclusively for sale 1837-39 S Karlov Ave, an attractive masonry building offering 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 offer 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.

Highlights

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

Key Details

Sale Price
$625,000
Number of Units
Seven (7) + Two (2) Non-Conforming
Submarket
North Lawndale