630 N Lorel Avenue (Off Market)

For Sale, USD 898,000


Property Type : Multi-Family Home

Property Style : N/A

Build Size : N/A

Land Size : N/A

Bedroom : 12

Bathroom : 4

Half Bathroom : 4

MLS#: 12592879


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!
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630 N Lorel Avenue, United States,Illinois,Chicago is a Chicago luxury Multi-Family Home listed for sale USD 898,000. This high end Chicago Multi-Family Home is comprised of 12 bedrooms and 4 baths. Find more luxury properties in Chicago or search for luxury properties for sale in Chicago.