630 N Lorel Avenue
Chicago, Illinois, 60644, United States
-
ft²
-
acres
12
beds
-
baths
Property Provided By
- Anna Gutkowska
- @properties Christie's International Real Estate
- +1 (773) 865-2141
Connect with local buyer agents who are willing to offer commission savings!
Property Information
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!
Directions
Chicago Ave West to Lorel Ave (just West of Laramie 5200W), South to the building.
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Property Provided By
- Anna Gutkowska
- @properties Christie's International Real Estate
- +1 (773) 865-2141
Connect with local buyer agents who are willing to offer commission savings!
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