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Two to Four Units · Chicago, IL
$650,000
12 beds · 4 baths
318 N Lorel Avenue, Chicago, IL, 60644
A brick-and-mortar place to make your own — room to make it home.
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What’s special

WOW Solid red brick 4-unit building offering incredible opportunity for both investors or owner occupant. Each unit features 3bed/1bath with hardwood floors throughout, providing spacious desirable layouts. All units are currently vacant, making this a perfect value-add opportunity to set your own rents and customize for personal use. Ideal for a live-in owner looking to generate income while occupying one unit, or for an investor seeking strong rental potential. Property being sold "as is", offering the chance to update and maximize returns. Conveniently located near train transportation, restaurants, and everyday amenities, making it attractive for future tenants. Don't miss the versatile income-producing opportunity. Newer back staircase and Exterior parking spaces for 6 cars at rear of building. Your attention will make this one your best investment yet!
— the listing agent’s description

The home

12 beds
4 baths
Built in 1913
Lot 50X125
Two to Four Units

What it’ll cost

$8,673 taxes / yr
No HOA
3 days on dwello

Estimated monthly payment

$4,369/mo
Principal & interest$3,456
Property taxes$723
Homeowners insurance$190
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Estimate only — not a loan offer. Example rate; taxes and insurance estimated; your actual rate, payment, taxes, and insurance will vary. dwello is not a lender. Equal Housing Opportunity.
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Tour this home

In person, on your schedule — a dwello agent meets you there.
WED
Jun 3
THU
Jun 4
FRI
Jun 5
SAT
Jun 6
11:00 am
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3 days on dwello
Price history
Listed for sale
Aug 14, 2026
$650,000
Property taxes
2025
Annual tax bill (MLS)
$8,673/yr
Assessed value
2026
County assessor
$35,000~$350,000 mkt
2025
$35,000~$350,000 mkt
2024
$35,000~$350,000 mkt
2023
$32,001~$320,010 mkt
2022
$32,001~$320,010 mkt
2021
$32,001~$320,010 mkt
2020
$21,855~$218,550 mkt
2019
$24,836~$248,360 mkt
Assessed value from the Cook County Assessor (open records). Estimated market ≈ assessed × 10 for residential; not an appraisal — verify with the assessor.

Features

Natural GasBrickPublic SewerAssignedUnassigned
Neighborhood
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Nearby places via OpenStreetMap — approximate; verify what matters to you. Map © Mapbox © OpenStreetMap.
MLS listing dataMRED
Listed by Sherry Apollo · xr realty
Listing last updated Aug 15, 2026 · data refreshed from the MLS Aug 15, 2026, 4:26 PM CT
Based on information submitted to the MLS GRID as of Aug 15, 2026, 4:26 PM CT. Listing data © MRED LLC, distributed by MLS GRID — deemed reliable but not guaranteed; independently verify. Anything shown below this point is not MLS listing data.
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