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!
Active
$589,000
318 N Lorel Ave, Chicago, IL 60644
12beds
--sqft
Multi Family
Built in 1913
-- sqft lot
$584,800 Zestimate®
$--/sqft
$-- HOA
What's special
Spacious desirable layoutsNewer back staircaseHardwood floors throughout
- 8 days
- 344
- 29
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Sherry Apollo 773-234-8155,
xr realty
Source: MRED as distributed by MLS GRID,MLS#: 12787459
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Has Heating (Unspecified Type)
Features
- Basement: Unfinished,Full
Property
Parking
- Total spaces: 5
- Parking features: Assigned, Unassigned, Yes, Owned
Features
- Patio & porch: Porch
- Fencing: Fenced
Lot
- Size: 6,250 Square Feet
- Dimensions: 50X125
Details
- Parcel number: 16093030220000
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Brick/Mortar, Concrete Perimeter
- Roof: Flat
Condition
- New construction: No
- Year built: 1913
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan, Public
Community & HOA
Community
- Features: Gated, Street Lights
Location
- Region: Chicago
Financial & listing details
- Annual tax amount: $8,673
- Date on market: 10/16/2026
- Ownership: Fee Simple
Estimated market value
$584,800
$556,000 - $614,000
$2,027/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/16/2026 | Listed for sale | $589,000-1.7% |
Source: | ||
| 10/15/2026 | Listing removed | $599,000 |
Source: MRED as distributed by MLS GRID #12732359 Report a problem | ||
| 10/11/2026 | Listed for sale | $599,000 |
Source: | ||
| 9/16/2026 | Contingent | $599,000 |
Source: | ||
| 9/4/2026 | Price change | $599,000-4.2% |
Source: | ||
| 8/31/2026 | Price change | $625,000-3.8% |
Source: | ||
| 8/14/2026 | Listed for sale | $650,000 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment



