318 N Lorel Avenue, Chicago, IL 60644

• 12 beds |
• 4 baths

Property Description

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!

Listing Status:

Active

Data Last Updated:

August 25, 2026 at 2:18AM

Listing Office:

xr realty : 312-816-4785

Listing Agent:

Sherry Apollo : 312-816-4785

MLS ID:

12732359

Interior

• Basement: UnfinishedFull
• Heating: Natural Gas

Exterior

• Parking: AssignedUnassignedYesOwnedParking spaces: 5

Construction

• Roofing: Flat
• General: Brick/MortarConcrete Perimeter

Location

• HOA Amenities: GatedStreet Lights
• Originating MLS: mred
• School District: 299
• County: Cook

Lot

• Zoning: MULTI16093030220000
• Fencing: Fenced

Utilities

• Water: Lake MichiganPublic
• Sewer: Public Sewer

Financial

• Source: mred
• Ownership: Fee Simple