Properties

Features
: Forced Air , Natural Gas
: Full , Exterior Entry , Storage Space , Unfinished
: Garage Door Opener , Detached , Garage , Garage Owned , Yes
: Public Sewer
: Screens
Address Map
US
IL
Cook
Chicago
60644
Lorel
630
Avenue
W88° 14' 25.6''
N41° 53' 31.7''
Chicago Ave West to Lorel Ave (just West of Laramie 5200W), South to the building.
CHI - Austin
N
Neighborhood
299
299
299
Additional Information
: Brick
: Concrete Perimeter
4
50x133.97
898000
: Public , Lake Michigan
@properties Christie's International Real Estate
Anna Gutkowska
Financial
7835.41
Listing Information
131372
16379
Active
2026-04-27T02:26:17Z
MRED
: List Broker Must Accompany
2026-04-17T05:05:23Z
Property Description

Rare opportunity to acquire a high-performing, turnkey 4-unit brick building on an oversized 50×133 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!

Residential Income For Sale

630 N Lorel Avenue, Chicago, Illinois 60644

  • Bedrooms : 12
  • Bathrooms : 4
$785,000
Listing ID#12592879
QR Code
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 12592879
Price : $785,000
Bedrooms : 12
Rooms : 30
Bathrooms : 4
Year Built : 1923
Listing Status : Active
Roof : Rubber
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