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$400,000
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Property Description
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
Full Property Details for 5200 S Lorel Ave
General
- Sold For: $400,000
- Taxes: $5,389 (2024)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12724299
- Added to Site: 56 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 3
Bedrooms
- Total Bedrooms: 6
Additional Information
- Other Features: Commuter Bus, Interstate Access
Location
- Area: CHI - Garfield Ridge
- County: Cook
- 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
- Midd School District: 299
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- 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
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 19093120150000
Listed by Re/Max Loyalty
Sold by HomeSmart Connect LLC
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Schools
Schools serving 5200 S Lorel Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Twain Elementary School 5134 South Lotus Avenue, Chicago, IL 60638 | PK-8 | 0.1 mi |
Kennedy High School 6325 West 56th Street, Chicago, IL 60638 | 9-12 | 1.3 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
Date
Details
Price
Change
Source
9/16/2026
Sold
$400,000
0.03%
MLS
8/04/2026
Listed
$399,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5200 S Lorel Avenue, Chicago, IL 60638 (MLS# 12724299) is a Multi-Family property that was sold at $400,000 on September 16, 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.

