$430,000

beds

baths

2131 N Lorel Avenue

Chicago, Illinois 60639

Closed / MLS #10762951 / Multiple Unit (2-4) / Belmont Cragin

Listing information updated 11/2/2020 at 2:03am

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!

Full Features

Exterior Type:

Vinyl Siding,Brick

Basement:

Finished,Exterior Access

Beds Above Grade:

Heating System:

Forced Air

Pool:

Age:

100+ Years

Parking Type:

Space/s

Parking Spaces:

Room Count:

Water Front:

Square Feet:

N/A

Lot Size:

Less Than .25 Acre

Acreage:

.07

Taxes & Assessments

Tax Amount:

$5,495

Tax Year:

2018

Location

Zip Code:

60639

City:

Chicago

County:

Cook

Schools

School District(s):

299

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Listing Office: Keller Williams Chicago-Lincoln Park

Listing Office Phone: 312.216.2422

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 11/2/2020 at 2:03am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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2131 N Lorel Avenue is a multiple unit (2-4) which sold for $430,000. 2131 N Lorel Avenue features 8 Beds, 4 Baths. This multiple unit (2-4) has been listed on @properties since June 28th, 2020 and was built in 1912. The nearest transit stops include Hanson Park Metra Metra Milwaukee District West line.