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$389,900 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 6 Total Beds
  • Updated 1 day ago
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LOOK NO FURTHER! This property presents an excellent investment opportunity. This legal 2-unit building offers strong income potential and exceptional versatility. Each unit features spacious layouts filled with natural light. Unit 1 includes 2 bedrooms, 1 bath, and an eat-in kitchen. Unit 2 offers 3 bedrooms, 1 bath, and an updated kitchen. The property also features a fully finished attic, updated throughout, perfect for an in-law suite or extended living space. Ideal for both owner-occupants and investors looking to generate consistent rental income. Additional highlights include coin-operated laundry, providing extra income and help with the utility expenses. Conveniently located near schools, parks, shopping, and public transportation. Don't miss this opportunity to own a well-maintained multi-unit property with a solid structure and functional layout, an excellent addition to any investment portfolio. Schedule your showing today!

Full Property Details for 5200 S Lorel Ave

General

  • Price: $389,900
  • Taxes: $5,389 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12614733
  • Updated: 4/17/2026
  • Added to Site: 2 day(s) ago

Rental Information

  • Complex Features: Curbs, Sidewalks, Street Paved

Interior

  • Basement: None

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Upper - Full Baths: 3

Bedrooms

  • Total Bedrooms: 6

Additional Information

  • Equipment: Cable TV, Carbon Monoxide Detectors, Ceiling Fan(s)
  • Other Features: Commuter Bus, Interstate Access

Location

  • Area: CHI - Garfield Ridge
  • County: Cook
  • Township: Lake
  • Driving Directions: Take Archer to Long, N to 52nd St, E to Lorel, Property is on the SW corner of 52nd and Lorel

School Information

  • School District: 299
  • Elem School District: 299
  • Midd School District: 299
  • High School District: 299

Heating & Cooling

  • Heating Type: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Lake Michigan

Structural Information

  • Construction: Vinyl Siding
  • Exterior Const.: Vinyl Siding
  • Basement Desc.: None
  • Roof: Asphalt
  • Year Built: 1917
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 2

Lot Features

  • Lot Size Range: Standard Chicago Lot
  • Lot Dimensions: 3750
  • Fence: Yes
  • Lot Features: Corner Lot
  • Zoning: MULTI
  • Fencing (Description): Fenced

Financial Considerations

  • Assessment Year: 1917
  • Tax Amount: $5,389.41
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 19093120150000

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Schools serving 5200 S Lorel Ave

School District:Chicago Public School District 299
NameGradesDistance
Twain Elementary School
5134 South Lotus Avenue, Chicago, IL 60638
PK-80.1 mi
Kennedy High School
6325 West 56th Street, Chicago, IL 60638
9-121.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5200 S Lorel Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/17/2026
Listed
$389,900
71.01%
MLS
11/17/2017
Sold
$228,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5200 S Lorel Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$3,539
3%
$20,000
—
2022
$3,430
2%
$20,000
—
2021
$3,352
-12%
$20,000
17%
2020
$3,817
-5%
$17,023
-14%
2019
$4,002
2%
$19,795
—
2018
$3,936
-8%
$19,795
—
2017
$4,288
7%
$19,790
—
2016
$3,990
9%
$19,790
—
2015
$3,653
10%
$19,790
-3%
2014
$3,325
2%
$20,351
—
2013
$3,249
1%
$20,351
—
2012
$3,230
—
$20,351
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Susy Corcoran

5200 S Lorel Avenue, Chicago, IL 60638 (MLS# 12614733) is a Multi-Family property with 2 units containing 6 bedrooms and 0 full bathrooms. 5200 S Lorel Avenue is currently listed for $389,900 and was received on April 17, 2026. Want to learn more about 5200 S Lorel Avenue? Do you have questions about finding other Multi-Family real estate for sale in Garfield Ridge? You can browse all Garfield Ridge real estate or contact a Coldwell Banker agent to request more information.

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