318 N Lorel Avenue, Chicago IL 60644
Property Description
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!
Features & Information
Key Details
- List Price $650,000
- Property Taxes $8,673
- Year Built 1913
- Status New
- List Market Time 3
Units
-
Unit 1
- Floor 1
- Rooms 5
- Beds 3
- Baths 1
- Appliances None
- Rent $0/mo
- Tenant Pays Electric,Gas,Heat
- Lease Expires NA
-
Unit 2
- Floor 2
- Rooms 5
- Beds 3
- Baths 1
- Appliances None
- Rent $0/mo
- Tenant Pays Electric,Gas,Heat
- Lease Expires 0
-
Unit 3
- Floor 1
- Rooms 5
- Beds 3
- Baths 1
- Appliances Stove, Refrigerator
- Rent $0/mo
- Tenant Pays Electric,Gas,Heat
- Lease Expires 0
-
Unit 4
- Floor 2
- Rooms 5
- Beds 3
- Baths 1
- Appliances Stove, Refrigerator
- Rent $0/mo
- Tenant Pays Electric,Gas,Heat
- Lease Expires 0
Exterior Features
-
Parking
- # of Cars: 5
Building Information
- Number of Units 4
- Age of Building 100+ Years
Location
- County Cook
- Township West Chicago
- Corporate Limits Chicago
- Directions to Property Three Blocks West Of Laramie - 1/2 Block South Of Lake Street.
-
Schools
- Elementary School District 299
- Junior High District 299
- High School District: 299
-
Property Taxes
- Tax 8673
- Tax Year 2025
- Tax Exemptions Homeowner,Senior,Senior Freeze,Other
- Parcel Identification Number 16093030220000
Listed by Sherry Apollo for xr realty | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 8/21/2026 7:32 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Explore South Austin
With wide boulevards, plenty of park space, inexpensive housing and convenient transportation options, South Austin is a Chicago neighborhood on the rise. Civic organizations are an active part of South Austin's community culture, working with residents and local businesses to revitalize the area and create an attractive and pleasant environment. A classic farmer's market sets up shop in the heart of South Austin every week during the warm weather months, and year round recreational activities are always going on at the neighborhood's popular Columbus Park fieldhouse. A nine-hole golf course makes it easy for South Austiners to keep those tee times and summertime movies and concerts in the park are a great evening event for the whole family to enjoy.
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