Active Under ContractPrice Reduced

$599,000

$650,000
318 Lorel Avenue, Chicago, IL 60644
12 Beds4 Baths35 days
318 Lorel Avenue·Chicago, IL 60644
12Bedrooms
4Bathrooms
1913Year Built
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!

MLS# 12732359Listed August 13, 2026Residential Income
Property Details

Beds & Baths

Total Bedrooms12
Total Bathrooms4
Total Rooms20

Size & Structure

Year Built1913
Lot Size50X125

Location

CountyCook
TownshipWest Chicago
Zip Code60644

Financial

List Price$599,000
Original Price$650,000
Annual Taxes (2025)$8,673
Monthly Tax Est.$723
Parcel #16093030220000
Interior Features

Heating

Natural Gas

Basement

UnfinishedFull
Exterior & Lot

Construction

Brick

Roof

Flat

Foundation

Brick/MortarConcrete Perimeter

Patio & Porch

Porch
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake MichiganPublic

Parking

AssignedUnassignedYesOwned
HOA & Community

Community Features

GatedStreet Lights
Tax & Financial
Annual Taxes
$8,673
Tax Year 2025
Monthly Tax Est.
$723
per month
Price Reduced by $51,000
Original list price: $650,000
Property Location

318 Lorel Avenue, Chicago, IL 60644 — Cook County

$599,000
318 Lorel Avenue
12 bd4 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
35 days on market
50X125
$8,673/yr taxes
Price reduced $51,000
$3,871
estimated monthly payment
Principal & Interest
$3,148/mo
Property Tax
$723/mo
$599,000
20% — $119,800
3%50%
6.875%
3%12%
Loan Amount
$479,200
Down Payment
$119,800

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
xr realty
Agent: Sherry Apollo
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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