Chicago, IL 60639,2131 N Lorel AVE
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Chicago, IL 60639,2131 N Lorel AVE
Chicago, IL 60639,2131 N Lorel AVE
Chicago, IL 60639,2131 N Lorel AVE
Chicago, IL 60639,2131 N Lorel AVE

$430,000

Est. payment /mo

$440,000

2.3%
Est.Price: ?

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2131 N Lorel AVE Chicago, IL 60639

8 Beds

4 Baths

3,049 Sqft Lot

SOLD DATE : 10/30/2020

Key Details

Sold Price $430,000

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 10762951

Sold Date 10/30/20

Bedrooms 8

Year Built 1912

Annual Tax Amount $5,495

Tax Year 2018

Lot Size 3,049 Sqft

Lot Dimensions 25X125

Property Sub-Type Two to Four Units

Property Description

This BEAUTIFULLY maintained and recently updated building is the self sufficient investment that you've been looking for! Tear off roof in 2012, updated units done in 2015, and tuck-pointing done in 2018. Copper plumbing, new electrical wiring, 4 legal units, 4 separate gas meters and 4 separate electric meters, 4 separate utility rooms and coin operated laundry makes this thing a truly self sufficient CASH COW. Currently owned by a GC, the owner has been able to easily maintain the building with top quality craftsmanship. Fully rented at market value this could easily yield a 12%+ CAP RATE. Currently 2 units vacant and 2 units occupied: 1 unit is on a lease until the end of August, the other is on a lease until the end of next May (both are paying WAY below market value). Easily rentable to long term tenants being steps away from public transportation, elementary, middle and high schools. FHA/Conventional/Cash, bring your best offer - this is a TURN-KEY investment!

Location

State IL

County Cook

Area Chi - Belmont Cragin

Rooms

Basement Full, Walkout

Interior

Heating Forced Air

Fireplace N

Building

Sewer Other

Water Lake Michigan

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

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Midwest Real Estate Data (MRED) IDX
Listed by Levi Kane • Keller Williams Chicago-Lincoln Park
Bought with Nick Libert • Exit Strategy Realty
agent

Nia Sawyer

Agent | License ID: SL3581710

+1(773) 459-0982

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