REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 785,000
Est. payment /mo
Price Dropped by $113K
630 N Lorel AVE Chicago, IL 60644
12 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12592879
Bedrooms 12
Year Built 1923
Annual Tax Amount $7,835
Tax Year 2024
Lot Dimensions 50x133.97
Property Sub-Type Two to Four Units
Property Description
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!
Location
State IL
County Cook
Area Chi - Austin
Rooms
Basement Unfinished, Exterior Entry, Storage Space, Full
Interior
Heating Natural Gas, Forced Air
Equipment CO Detectors
Fireplace N
Exterior
Garage Spaces 4.0
Roof Type Rubber
Building
Dwelling Type Two to Four Units
Building Description Brick, No
Sewer Public Sewer
Water Lake Michigan, Public
Structure Type Brick
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition List Broker Must Accompany
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Anna Gutkowska of @properties Christie's International Real Estate
Nearby Locations
GET MORE INFORMATION