Date
Details
Price
Change
Source
3/18/2026
Listed
$898,000
—
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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1/15
$898,000
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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!
Full Property Details
Full Property Details for 630 N Lorel Ave
General
- Price: $898,000
- Taxes: $7,835 (2024)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12592879
- Updated: 3/24/2026
- Added to Site: 14 day(s) ago
Interior
- Basement: Unfinished
Rooms
Bathrooms
- Total Bathrooms: 4
- Upper - Full Baths: 4
Bedrooms
- Total Bedrooms: 12
Additional Information
- Equipment: Carbon Monoxide Detectors
- Other Features: School Bus Service, Commuter Bus, Interstate Access
Parking
- Garage: Yes
- Garage Spaces: 4
- Total Spaces: 4
- Parking Features: Garage Door Opener, Garage, Yes, Garage Owned, Detached
Location
- Area: CHI - Austin
- County: Cook
- Township: West Chicago
- Driving Directions: Chicago Ave West to Lorel Ave (just West of Laramie 5200W), South to the building.
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Heating & Cooling
- Heating Type: Natural Gas, Forced Air
Utilities
- Sewer: Public Sewer
- Water: Lake Michigan, Public
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Unfinished, Exterior Entry, Storage Space, Full
- Foundation: Concrete Perimeter
- Roof: Rubber
- Windows: Screens
- Year Built: 1923
- Built Before 1978: Yes
Unit Information
- Units in Building: 4
Additional Structures
- Other Structures: Second Garage, Garage(s)
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 50 x 133.97
Financial Considerations
- Insurance Fee: $4,847
- Parking Included: Yes
- Assessment Year: 1923
- Tax Amount: $7,835.41
- Tax Year: 2024
- Pays Electric: 325
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: List Broker Must Accompany
- Property ID: 16091100290000
Listed by @properties Christie's International Real Estate
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Schools
Schools serving 630 N Lorel Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Howe Elementary School, Chicago, IL 720 North Lorel Avenue, Chicago, IL 60644 | PK-8 | 0.1 mi |
Orr Academy High School 730 North Pulaski Road, Chicago, IL 60624 | 9-12 | 1.7 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 630 N Lorel Ave
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- Condo
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630 N Lorel Avenue, Chicago, IL 60644 (MLS# 12592879) is a Multi-Family property with 4 units containing 12 bedrooms and 0 full bathrooms. 630 N Lorel Avenue is currently listed for $898,000 and was received on March 18, 2026. Want to learn more about 630 N Lorel Avenue? Do you have questions about finding other Multi-Family real estate for sale in Austin? You can browse all Austin real estate or contact a Coldwell Banker agent to request more information.