Active

2131 N Lorel Avenue

Chicago, Illinois 60639


Chris McComas
773.531.8048

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$440,000


Bedrooms
8

Bathrooms
4



Property Type
Multiple Unit (2-4)
Community Area
Belmont Cragin


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: 8
Heating System: Forced Air
Pool: No
Age: 100+ Years
Parking Type: Space/s
Parking Spaces: 4
Room Count: 24
Water Front: No
Square Feet: N/A
Tax Amount: $5,495
Tax Year: 2018


Taxes & Assessments
Taxes: $5,495

Listing information updated 7/6/2020 at 10:43pm


Listing Office: Keller Williams Chicago-Lincoln Park

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Belmont Cragin

Neighborhoods: Belmont Central, Cragin, Hanson Park

Belmont Cragin is part of the Chicago North Side. Chicago North encompasses numerous affluent and up-and-coming neighborhoods located north of the Loop. Housing styles in Chicago North include a diverse mix of affordable single-family homes, apartment buildings, town homes, condominiums,…

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School District(s)
City Of Chicago SD 299
Elementary School
Hanson Park Elementary School
Middle School
Hanson Park Elementary School
High School
Foreman High School

School information is provided by the National Center for Education Statistics. This information should only be used as a reference and does not warrant or guarantee enrollment. Please contact applicable schools or school districts directly to verify information and enrollment eligibility.

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Nearby Public Transportation

Metra
Milwaukee District West, Milwaukee District North, Union Pacific Northwest

at Hanson Park Metra (0.45 miles away), Healy Metra, Irving Park Metra



 





2131 N Lorel Avenue Chicago, Illinois 60639 is a multiple unit (2-4) currently listed at $440,000. 2131 N Lorel Avenue features 8 bedroom(s) and 4 bath(s). This multiple unit (2-4) has been listed on @properties since June 28th, 2020 and was built in 1912. Nearby schools include Hanson Park Elementary School, Foreman High School. The nearest transit stops include Milwaukee District West Hanson Park Metra. Want to learn more about 2131 N Lorel Avenue Chicago, Illinois 60639? Contact an @properties agent to request more info.


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