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$589,000

318 Lorel Ave

Chicago, IL
Active
12
Bedrooms
1913
Year Built
17
Days On Market

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!

Listing Information

Listing Updated
11 days ago
Listed By
Sherry Apollo · xr realty, 7732348155
MLS#
12787459
Source
Midwest Real Estate Data (MRED)
Status
Active

Facts & Features

Location

Community Information

Address
318 N Lorel Ave, Chicago, IL 60644
City
Chicago
County
Cook
Zip Code
60644

Architecture

Bedrooms
12
Year Built
1913
Construction Materials
Brick
Foundation
Brick/Mortar, Concrete Perimeter
Roof
Flat
Garage Spaces
0
Parking Features
Assigned, Unassigned

Features & Amenities

Patio and Porch
Porch
Community Features
Gated, Street Lights

Property Features

Water
Public
Sewer
Public Sewer

Tax & Financial Information

List Price
$589,000
Annual Taxes
$8,673

Schools

69/100
Austin Polytechnical Academy High School
Grades 09–12 · 0.2 mi
City
Chicago
Students
114
Student–teacher
10.3
Student body
97% Black · 2% Hispanic / Latino · 2% Two or More Races
Free/reduced lunch
100%
Phone
(773) 534-6300
69/100
YCCS-Austin Career Educational Center High School
Grades M–M · 0.6 mi
City
Chicago
Students
59
Student–teacher
9.8
Student body
90% Black · 10% Hispanic / Latino
Free/reduced lunch
97%
Phone
(773) 626-6988
63/100
Austin Bus & Entrepreneurship High School
Grades 09–12 · 0.2 mi
City
Chicago
Students
98
Student–teacher
14.0
Student body
97% Black · 2% Hispanic / Latino · 1% Two or More Races
Free/reduced lunch
97%
Phone
(773) 534-6316
55/100
Austin College and Career Academy High School
High · Grades 09–12 · 0.2 mi
City
Chicago
Students
300
Student body
96% Black · 3% Hispanic / Latino · 0% Two or More Races
Free/reduced lunch
98%
Phone
(773) 534-0660
55/100
Depriest Elementary School
Elementary · Grades PK–08 · 0.7 mi
City
Chicago
Students
474
Student body
90% Black · 10% Hispanic / Latino · 1% Two or More Races
Free/reduced lunch
92%
Phone
(773) 534-6800
55/100
Banner West Academy High School
Grades M–M · 0.7 mi
City
Chicago
Students
65
Student body
94% Black · 5% Hispanic / Latino · 2% Two or More Races
Free/reduced lunch
95%
Phone
(773) 854-1188
54/100
Moving Everest Charter School
Elementary · Grades KG–08 · 0.2 mi
City
Chicago
Students
362
Student body
96% Black · 3% Hispanic / Latino · 1% Two or More Races
Free/reduced lunch
93%
Phone
(312) 683-9695
53/100
Douglass Academy High School
High · Grades 09–12 · 0.5 mi
City
Chicago
Students
37
Student body
97% Black · 3% Hispanic / Latino
Free/reduced lunch
100%
Phone
(773) 534-6176

School ratings are provided for informational purposes only and are subject to change. Attendance boundaries are for reference only — contact the school or district directly to verify enrollment eligibility.

Historical Data

Price History

DateEventPrice
10/16/2026Listed for sale$589,000

Listed by Sherry Apollo · xr realty · 7732348155

Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, Midwest Real Estate Data (MRED). All rights reserved.

Last Updated: October 22, 2026 at 5:09 AM | Source: Midwest Real Estate Data (MRED) | MLS#: 12787459

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