1851 N Karlov Avenue

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Address: 1851 N Karlov Ave, Chicago, IL 60639, USA
Chicago & Midwest + Apartment Buildings
Created date: October 28, 2026
Date last updated: November 4, 2026
Price: $200,000Investment Analyzer NEW!

Property Description

An excellent investment opportunity in the heart of Hermosa. This three-unit building, classified by Cook County as a three-flat, has been owned by the same family for many years and offers versatile layouts with the opportunity to add value through updates. The first-floor unit offers 3 bedrooms and 1 full bath, the second-floor unit features 2 bedrooms and 1 full bath, and the garden level includes 2 bedrooms and 1 full bath. Each unit has its own gas meter, electric meter, and furnace, with two water heaters serving the building. A gated rear parking pad provides off-street parking for two cars. The building will be delivered vacant at closing, so you can renovate, set your own rents, or owner-occupy. It's a five-block walk from the Metra station, with nearby parks and authentic restaurants along Armitage Avenue. Property sold as-is. No rent roll available. The seller makes no representation regarding the legality or conforming status of the garden unit. Buyer to verify zoning and unit count.

Key Property Information

Listing Status: Under Contract
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $200,000
Year Built: 1903
Opportunity Zone: No
Property Website Click Here
Number of Bedrooms: 7
Number of Bathrooms: 3
Address: 1851 N Karlov Avenue, Chicago, IL 60639, USA
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Step 4Final Deal Analysis

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