318 N Lorel Avenue, Chicago, IL 60644

Chicago
Local realty services provided by:ERA Partners
318 N Lorel Avenue,Chicago, IL 60644
$589,000
  • 12 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: sherry apollo
Office: xr realty
MLS#:12787459
Source:MLSNI

Price summary

  • Price:$589,000

About this home

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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Home facts

  • Year built:1913
  • Listing ID #:12787459
  • Updated:November 14, 2026 at 12:32 PM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:4
  • Full bathrooms:4
  • Rooms Total:20
  • Basement Description:Full, Unfinished

Heating and cooling

  • Heating:Gas

Structure and exterior

  • Roof:Flat
  • Year built:1913
  • Foundation Description:Brick/Mortar, Concrete Perimeter

Utilities

  • Water:Lake Michigan, Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$589,000
  • Tax amount:$8,673 (2025)

Parking

  • Total parking spaces:5
  • Parking description:Assigned, Unassigned
MLS LogoCopyright 2026 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed. MLSNI Member Broker: Frank Scibior

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