630 N Lorel Avenue, Chicago, IL 60644
Local realty services provided by:Better Homes and Gardens Real Estate Star Homes
630 N Lorel Avenue,Chicago, IL 60644
$785,000
- 12 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Pending
Listed by: anna gutkowska
Office: @properties christie's international real estate
MLS#:12592879
Source:MLSNI
Price summary
- Price:$785,000
About this home
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!...
Contact an agent
Home facts
- Year built:1923
- Listing ID #:12592879
- Updated:May 15, 2026 at 07:55 AM
Rooms and interior
- Bedrooms:12
- Total bathrooms:4
- Full bathrooms:4
- Rooms Total:30
- Basement Description:Full, Unfinished
Heating and cooling
- Heating:Forced Air, Natural Gas
Structure and exterior
- Roof:Rubber
- Year built:1923
- Foundation Description:Concrete Perimeter
Utilities
- Water:Lake Michigan, Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$785,000
- Tax amount:$7,835 (2024)
Features and amenities
- Amenities:CO Detectors
Parking
- Total parking spaces:4
- Parking description:Detached Garage, Garage
- Garage:Yes
- Garage spaces:4
New listings near 630 N Lorel Avenue
- Open Sat, 11am to 2pmNew
$500,000Active2 beds 2 baths1,762 sq. ft.628 W Sheridan Road #3E, Chicago, IL 60613
MLS# 12641655Listed by: KELLER WILLIAMS ONECHICAGO - Open Sat, 11:30am to 1:30pmNew
$875,000Active2 beds 2 baths2,026 sq. ft.501 N Wells Street #3W, Chicago, IL 60654
MLS# 12641823Listed by: COLDWELL BANKER REAL ESTATE GROUP - Open Sun, 11am to 1pmNew
$475,000Active3 beds 2 baths1,181 sq. ft.5742 S Rutherford Avenue, Chicago, IL 60638
MLS# 12645285Listed by: EXP REALTY - Open Sat, 12 to 2pmNew
$399,900Active3 beds 2 baths1,365 sq. ft.3141 N Nagle Avenue, Chicago, IL 60634
MLS# 12646834Listed by: RE/MAX CITY - New
$399,950Active3 beds 2 baths2,190 sq. ft.1618 N Natoma Avenue, Chicago, IL 60707
MLS# 12647958Listed by: @PROPERTIES CHRISTIE'S INTERNATIONAL REAL ESTATE - New
$379,900Active2 beds 2 baths1,100 sq. ft.1103 N Crosby Street #A, Chicago, IL 60610
MLS# 12648458Listed by: RE/MAX SUBURBAN - Open Sat, 12 to 2pmNew
$2,475,000Active5 beds 5 baths4,560 sq. ft.4442 N Greenview Avenue, Chicago, IL 60640
MLS# 12648483Listed by: COMPASS - New
$215,000Active4 beds 2 baths12025 S Bishop Street, Chicago, IL 60643
MLS# 12649089Listed by: EXP REALTY - New
$419,999Active2 beds 2 baths1,400 sq. ft.1111 S Wabash Avenue #2601, Chicago, IL 60605
MLS# 12649135Listed by: RED CARPET INVESTMENT GROUP IN - New
$575,000Active2 beds 2 baths1,200 sq. ft.401 E Ontario Street #3409, Chicago, IL 60611
MLS# 12649151Listed by: URBAN LIVING PROPERTIES, LLC