2131 North Lorel Avenue, Chicago, Cook County, IL 60639

For Sale

Listed by Levi Kane with Keller Williams Chicago-Lincoln Park
$440,000 USD
  • 8 Beds
  • 0.07 ac Lot Size
  • MultiFamily
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Property Summary for 2131 North Lorel Avenue Español?

Lot Size
0.07 Ac
MLS Number
Year Built
Parking info
5,495.69 USD (2018)
Hanson Park
School District
Chicago Public School District 299

Description for 2131 North Lorel Avenue

***INVESTORS*** (or owner occupy) This beautifully maintained and recently updated building is the self sufficient investment that you've been looking for! Tear off roof in 2012, updated units done in 2015, and tuck-pointing done in 2018. Copper plumbing, new electrical wiring, 4 legal units, 4 separate gas meters and 4 separate electric meters, 4 separate utility rooms and coin operated laundry makes this thing a truly self sufficient CASH COW. Currently owned by a GC, the owner has been able to easily maintain the building with top quality craftsmanship. Fully rented at market value this could easily yield a 12%+ CAP RATE. Currently 2 units vacant and 2 units occupied: 1 unit is on a lease until the end of August, the other is on a lease until the end of next May (both are paying WAY below market value). Easily rentable to long term tenants being steps away from public transportation, elementary, middle and high schools. FHA/Conventional/Cash, bring your best offer - this is a TURN-KEY investment!
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Features for 2131 North Lorel Avenue

Exterior Finish
  • Brick, Vinyl Siding
Interior Features
  • Basement
  • Forced Air
  • Dryer, Range, Refrigerator, Washer
Listing provided by Midwest Real Estate Data, LLC
Copyright © 2020 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Listed by:

Levi Kane

Keller Williams Chicago-Lincoln Park

Demographics in 60639top


Total population 90,517
Male population 45,009
Female population 45,508
Median age 33.10


Total households 25,570
Average people per household 3.53


Total housing units 28,591
Owner occupied 12,006
Renter occupied 13,564
Median year built 0


Median household income 44,150
Average household income 58,812

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Demographic data shown in this section was gathered from the 2018 American Community Survey and is deemed reliable but is not guaranteed.
No representation, guarantee or warranty is made as to the accuracy or completeness of information modified or aggregated for specific neighborhoods and/or zip codes.

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