2531 N Lotus Avenue, Chicago, IL 60639 - Photo 1

1/1

$357,000

Sold
Closed
Multi-Family
5 Total Beds
2 Car Garage

1/1

Property Description

Located in the heart of Belmont Cragin, 2531 North Lotus offers a unique setup ideal for investors or multi-generational living. The property features a 1-bedroom, 1-bath in unit 1. Unit 2 is duplexed with the attic and offers 3 bedrooms and 2 full bathrooms for added flexibility. A two-car garage and on-site coin laundry provide convenience, while the layout offers flexibility, the property has excellent rental income potential in a vibrant, well-connected neighborhood.

Full Property Details

Full Property Details for 2531 N Lotus Ave

General

Sold For: $357,000
Taxes: $3,067 (2023)
Status: Closed
Type: Multi-Family
Source: MRED
MLS ID: 12386021
Added to Site: 225 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 3
Bathroom Features: Soaking Tub

Bedrooms

Total Bedrooms: 5

Additional Information

Other Features: Commuter Bus

Parking

Garage: Yes
Garage Spaces: 2
Total Spaces: 2
Parking Features: Garage Door Opener, On Site, Garage Owned, Detached, Garage
Parking On-Site: Yes

Location

Area: CHI - Belmont Cragin
County: Cook
Driving Directions: North on cental ave to wrightwood, east on wrightwood to Lotus, south on Lotus to property

School Information

School District: 299
Midd School District: 299

Heating & Cooling

Heating Type: Natural Gas

Utilities

Water: Public

Structural Information

Construction: Vinyl Siding, Frame
Exterior Const.: Vinyl Siding, Frame
Basement Desc.: None
Foundation: Concrete Perimeter
Roof: Asphalt
Windows: Screens
Year Built: 1918
Built Before 1978: Yes
Remodeled/Updated: 2018

Unit Information

Units in Building: 2

Lot Features

Lot Size Range: Less than .25 Acre
Lot Dimensions: 25 x 125
Fence: Yes
Zoning: MULTI
Fencing (Description): Fenced

Financial Considerations

Assessment Year: 1918
Tax Amount: $3,067.17
Tax Year: 2023

Disclosures and Reports

Ownership: Fee Simple
Property ID: 13283190140000

Listed by Realty of America, LLC
Sold by Extreme Realty LLC

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Schools

Schools serving 2531 N Lotus Ave

School District:Chicago Public School District 299

Name	Grades	Distance
Schubert Elementary School 2727 North Long Avenue, Chicago, IL 60639	PK-5	0.2 mi
Northwest Middle School 5252 West Palmer Street, Chicago, IL 60639	6-8	0.5 mi
Foreman High School 3235 North Leclaire Avenue, Chicago, IL 60641	9-12	1 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2531 N Lotus Ave

Date

Details

Price

Change

Source

8/26/2025

Sold

$357,000

-3.49%

MLS

6/05/2025

Listed

$369,900

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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2531 N Lotus Avenue, Chicago, IL 60639 (MLS# 12386021) is a Multi-Family property that was sold at $357,000 on August 26, 2025. Want to learn more about 2531 N Lotus Avenue? Do you have questions about finding other Multi-Family real estate for sale in Belmont Cragin? You can browse all Belmont Cragin real estate or contact a Coldwell Banker agent to request more information.

2531 N Lotus Ave Chicago, IL 60639