630 N Lorel Avenue, Chicago, IL 60644
Local realty services provided by:Results Realty ERA Powered
630 N Lorel Avenue,Chicago, IL 60644
$785,000
- 12 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Pending
Listed by: anna gutkowska
Office: @properties christie's international real estate
MLS#:12592879
Source:MLSNI
Price summary
- Price:$785,000
About this home
Rare opportunity to acquire a high-performing, turnkey 4-unit brick building on an oversized 50x133 lot with two 2-car garages. Very desirable layout with 2 units on each side of the building. Exceptionally well-maintained and meticulously kept with strong, long-term tenants and pride of ownership throughout. All units are spacious 3BR/1BA with updated kitchens and baths, in-unit washer/dryers, hardwood floors throughout, tall ceilings, large living areas, and ample closet space-highly attractive layouts for tenant retention and rental growth. Building includes circuit breaker electrical, central air and heat, with 3 furnaces and 4 A/C condensers (approx. 4 years old), minimizing near-term capital expenses. Expansive rear porches and a tall, full basement with separate entrances on both sides. The basement includes 4 built-out storage units and offers significant value-add potential for duplex-down or additional units. Property features a new sidewalk and is fully gated for added security. Strong in-place income: $7,055/month and a low operating expenses, making this a compelling cash-flowing asset in today's market. Positioned near Chicago Ave with major ongoing development, including the $37.5M Laramie Bank redevelopment just one block north-driving long-term appreciation and rental demand. Ideal for investors seeking strong cash flow, minimal deferred maintenance, and clear upside potential. Opportunities like this are limited!...
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Home facts
- Year built:1923
- Listing ID #:12592879
- Updated:July 02, 2026 at 04:28 PM
Rooms and interior
- Bedrooms:12
- Total bathrooms:4
- Full bathrooms:4
- Rooms Total:30
- Basement Description:Full, Unfinished
Heating and cooling
- Heating:Forced Air, Natural Gas
Structure and exterior
- Roof:Rubber
- Year built:1923
- Foundation Description:Concrete Perimeter
Utilities
- Water:Lake Michigan, Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$785,000
- Tax amount:$7,835 (2024)
Features and amenities
- Amenities:CO Detectors
Parking
- Total parking spaces:4
- Parking description:Detached Garage, Garage
- Garage:Yes
- Garage spaces:4
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