2131 N Lorel Ave., Chicago, IL 60639

2131 N Lorel Ave., Chicago, IL 60639
Photo 1 of 1
$430,000
Sold on 10/30/20
Beds Baths Sq. Ft. Taxes Built
8 0.00 0 $5,495.69 1912
On the market: 124 days
View full details, 15 photos, school info, and price history
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!
Listing courtesy of Levi Kane, Keller Williams Chicago-Lincoln Park