630 N Lorel Avenue, Chicago, IL 60644

• 12 beds |
• 4 baths

Property Description

Rare opportunity to acquire a high-performing, turnkey 4-unit brick building on an oversized 50x133 lot with two 2-car garages. Very desirable layout with 2 units on each side of the building. Exceptionally well-maintained and meticulously kept with strong, long-term tenants and pride of ownership throughout. All units are spacious 3BR/1BA with updated kitchens and baths, in-unit washer/dryers, hardwood floors throughout, tall ceilings, large living areas, and ample closet space-highly attractive layouts for tenant retention and rental growth. Building includes circuit breaker electrical, central air and heat, with 3 furnaces and 4 A/C condensers (approx. 4 years old), minimizing near-term capital expenses. Expansive rear porches and a tall, full basement with separate entrances on both sides. The basement includes 4 built-out storage units and offers significant value-add potential for duplex-down or additional units. Property features a new sidewalk and is fully gated for added security. Strong in-place income: $7,055/month and a low operating expenses, making this a compelling cash-flowing asset in today's market. Positioned near Chicago Ave with major ongoing development, including the $37.5M Laramie Bank redevelopment just one block north-driving long-term appreciation and rental demand. Ideal for investors seeking strong cash flow, minimal deferred maintenance, and clear upside potential. Opportunities like this are limited!

Listing Status:

Active

Data Last Updated:

April 13, 2026 at 7:19PM

Listing Office:

@properties Christie's International Real Estate : 773-865-2141

Listing Agent:

Anna Gutkowska : 773-865-2141

MLS ID:

12592879

Interior

• Basement: UnfinishedExterior EntryStorage SpaceFull
• Heating: Natural GasForced Air

Exterior

• Other Structures: Second GarageGarage(s)
• Parking: Garage Door OpenerGarageYesGarage OwnedDetachedParking spaces: 4

Construction

• Roofing: Rubber
• Windows: Screens
• General: Concrete Perimeter

Location

• Originating MLS: mred
• School District: 299
• County: Cook

Lot

• Zoning: 16091100290000

Utilities

• Water: Lake MichiganPublic
• Sewer: Public Sewer

Financial

• Source: mred
• Ownership: Fee Simple