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318 N Lorel Avenue Chicago, IL $ 650,000
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$ 650,000 Get more info
318 N Lorel Avenue
$ 650,000
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318 N Lorel Avenue

Chicago, IL, 60644
$ 650,000
Bedrooms12 Baths4.0

Monthly Estimate*

$ 4,104

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Multi-Family Home for sale in Chicago, IL

for $650,000 with 12 bedrooms and 4 full baths. This home was built in 1913.

WOW Solid red brick 4-unit building offering incredible opportunity for both investors or owner occupant. Each unit features 3bed/1bath with hardwood floors throughout, providing spacious desirable layouts. All units are currently vacant, making this a perfect value-add opportunity to set your own rents and customize for personal use. Ideal for a live-in owner looking to generate income while occupying one unit, or for an investor seeking strong rental potential. Property being sold "as is", offering the chance to update and maximize returns. Conveniently located near train transportation, restaurants, and everyday amenities, making it attractive for future tenants. Don't miss the versatile income-producing opportunity. Newer back staircase and Exterior parking spaces for 6 cars at rear of building. Your attention will make this one your best investment yet!

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Multi-Family Active

Price

$ 650,000

Bedrooms

12

Full Bath

4

Property Type

Multi-Family

Taxes

$ 3,900

Style

Year Built

1913

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12732359
Features
General
Sewer Public Sewer
Heating Natural Gas
Possession Closing
Roof Flat
Zoning MULTI
Construction Materials Brick
Year Built 1913
Township West Chicago
Tax Year 2025
Ownership Fee Simple
Community Features Gated Street Lights
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 20
Status New
Directions Three blocks West of Laramie - 1/2 block South of Lake street.
City Chicago
High School District 299
MLS Area CHI - Austin
Tax Annual Amount 3900
Additional Parcels Y/N N
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Unfinished Full
Total Bedrooms 12
Total Baths 4
Bedrooms Possible 12
Full Baths Building 4
Half Baths Building 0
Total Number of Units 4
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Exterior
Parking Features Assigned Unassigned Yes Owned
Water Source Lake Michigan Public
Total Parking 5
Foundation Details Brick/Mortar Concrete Perimeter
Lot Dimensions 50X125
Waterfront Y/N N
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* Excluded Features
List By
Xr Realty

Broker

sherry_chicago@yahoo.com

Email

Affordability Calculator

$4,429
Per Month
93%
7%
0%
Monthly Principal & Interest
$4,104
Monthly Property Taxes
$325
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
566059 Elementary School
566846 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/14/2026$650,000 Listed Price

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318 N Lorel Avenue, Chicago, IL, 60644 is a Multi-Family Home for sale at $650,000. 318 N Lorel Avenue has 12 bedrooms, 4.0 baths, and was built in 1913. The property's zip code is 60644 which is in Chicago, IL

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