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!
Property Details
Price:
$599,000
MLS #:
MRD12732359
Status:
Active Under Contract
Beds:
12
Baths:
4
Type:
Multi Family
Neighborhood:
chiaustin
Listed Date:
Aug 13, 2026
Year Built:
1913
See this Listing
Schools
School District:
299
Interior
Heating
Natural Gas
Exterior
Community Features
Gated, Street Lights
Construction Materials
Brick
Fencing
Fenced
Parking Features
Assigned, Unassigned, Yes, Owned
Parking Spots
5
Parking Total
5
Patio And Porch Features
Porch
Roof
Flat
Financial
Tax Year
2025
Taxes
$8,673
Map
Community
- Address318 N Lorel Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60644
Market Summary
Current real estate data for Multi Family in Chicago as of Oct 10, 2026
1,353
Multi Family Listed
75
Avg DOM
$525,788
Avg List Price
Property Summary
- 318 N Lorel Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60644. It is listed for $599,000
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Copyright 2026. All rights reserved.
318 N Lorel Avenue
Chicago, IL


