2211 N Lorel Ave Chicago, IL 60639
Cragin NeighborhoodEstimated payment $2,579/month
Highlights
- Gated Community
- Two Heating Systems
- Paved or Partially Paved Lot
- 2 Car Detached Garage
About This Home
Strong cash-flow opportunity in the rapidly appreciating Belmont Cragin neighborhood. This two-flat includes two finished residential units, each offering 2-bedroom plus layouts with separate utilities - minimizing expenses and simplifying management from day one. The property features hardwood floors, functional floor plans, and several newer appliances. A large unfinished attic creates significant value-add upside. The space may offer the potential for a duplex-up with the second-floor unit - the perfect opportunity to expand the existing living space or explore adding an additional unit for increased rental income. A two-car garage provides additional income potential. Located on a residential street with convenient access to public transportation, shopping, schools, and expressways, the property sits in a strong rental corridor with steady demand.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,030
Year Renovated
- 2005
Lot Details
- Lot Dimensions are 25x125
- Paved or Partially Paved Lot
Parking
- 2 Car Detached Garage
- Parking Available
- Parking Included in Price
Home Design
- Aluminum Siding
- Vinyl Siding
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- 2 Bathrooms
Basement
- Crawl Space
Utilities
- Two Heating Systems
- Forced Air Heating System
- Heating System Uses Natural Gas
- Lake Michigan Water
- Cable TV Available
Community Details
- 2 Units
- Gated Community
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,011 | $30,001 | $5,828 | $24,173 |
| 2024 | $4,011 | $30,001 | $5,828 | $24,173 |
| 2023 | $3,910 | $19,000 | $4,725 | $14,275 |
| 2022 | $3,910 | $19,000 | $4,725 | $14,275 |
| 2021 | $3,823 | $19,000 | $4,725 | $14,275 |
| 2020 | $3,826 | $17,164 | $3,937 | $13,227 |
| 2019 | $4,012 | $19,959 | $3,937 | $16,022 |
| 2018 | $3,945 | $19,959 | $3,937 | $16,022 |
| 2017 | $4,259 | $19,774 | $3,465 | $16,309 |
| 2016 | $3,963 | $19,774 | $3,465 | $16,309 |
| 2015 | $3,626 | $19,774 | $3,465 | $16,309 |
| 2014 | $2,490 | $13,410 | $3,150 | $10,260 |
| 2013 | $2,441 | $13,410 | $3,150 | $10,260 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/17/2026 02/17/26 | For Sale | $399,900 | +376.1% | -- | |
| 07/20/2012 07/20/12 | Sold | $84,000 | -6.6% | -- | View Prior Sale |
| 07/03/2012 07/03/12 | Pending | -- | -- | -- | |
| 05/22/2012 05/22/12 | For Sale | $89,900 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12568862
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