1512 N Lorel Ave Chicago, IL 60651
Austin NeighborhoodEstimated payment $1,805/month
About This Home
*INVESTOR SPECIAL* Incredible investment opportunity in Chicago's North Austin neighborhood! This all-brick 2 flat sits on an oversized 4,266 sq ft lot and offers 2,638 sq ft of living space. The building features three spacious units, each with 2 bedrooms and 1 bathroom. One unit is partially renovated-perfect for a live-in owner or tenant-ready finish. The property has a brand new roof and new HVAC , providing major savings on costly upgrades. Basement has potential for an extra apartment or additional storage. This property is ideal for investors, developers, or buyers looking to house hack. With some cosmetic updates, this multi-unit has the potential to generate strong rental income. Conveniently located near schools, public transportation, parks, and shopping. Property is being sold AS-IS. Priced to sell quickly. Don't miss your chance to build equity and create cash flow in one of Chicago's up-and-coming neighborhoods!
Listing Agent
Keller Williams Premiere Properties License #475206587 Listed on: 10/02/2025

Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $660
Year Built
- Built in 1922 | Remodeled in 2021
Parking
- 2 Car Garage
- Off-Street Parking
- Unassigned Parking
Home Design
- Brick Exterior Construction
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Potential Bedrooms
- 3 Bathrooms
Utilities
- Heating System Uses Natural Gas
- Lake Michigan Water
Additional Features
- Basement Fills Entire Space Under The House
- Enclosed Patio or Porch
Community Details
- 2 Units
- Austin Village Subdivision
Listing and Financial Details
- Senior Freeze Tax Exemptions
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
10/02/2025 10/02/25 | For Sale | $330,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12461797

APN: 16041040300000
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