NOT LISTED FOR SALE

2438 N Lorel Ave Chicago, IL 60639

Cragin Neighborhood
6 Beds
3 Baths
-- Sq Ft
1912 Built

Sale Details

Date Sold: April 4, 2024

Last sale price $440,000

3 Days on Market

Highlights

  • Deck
  • Secured Garage or Parking
  • Forced Air Heating System

About This Home

As of April 2024

Great investment opportunity in Belmont Cragin. All 3 units are fully occupied. Building is in fantastic condition. All units offer 2 large bedrooms each. 1st floor has a washer & dryer in unit, entire unit freshly painted July 2023, new window treatments, new bathroom vanity and mirror 2023. 2nd unit (below market value) and attic share the washer and dryer. 2nd unit was painted Oct 2022, new gas range Nov. 2022, and refrigerator. Roof was replaced 2018. Tons of storage, hardwood floors, air conditioner and much more... Backyard is perfect for summer get togethers, gated 3 car parking pad. Minutes from cta, restaurants & schools. Property taxes are cheap for an investment property, currently has no exemptions.

Last Agent to Sell the Property

Brenda Sarmiento

606 Brokers LLC License #471019351 Listed on: 02/29/2024

Last Buyer's Agent

Eileen Meg Kravitz

Baird & Warner License #471014789

Baird & Warner

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,557

Year Built

  • Built in 1912

Home Design

  • Vinyl Siding

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 3 Bathrooms

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Alley Access
  • Secured Garage or Parking
  • Off Alley Parking
  • Parking Included in Price

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Crawl Space
  • Deck
  • Lot Dimensions are 25x125

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,557

Year Built

Built in 1912

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1912
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0

Exterior Features

  • ExteriorFeatures: Deck
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • OpenParkingSpaces: 3
  • Parking Features: Off Alley, Alley Access, Secured
  • ParkingTotal: 3
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 25X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 5557.22
  • Tax Year: 2022

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/04/2024 04/04/24 Sold $440,000 -2.2% --
03/04/2024 03/04/24 Pending -- -- --
02/29/2024 02/29/24 For Sale $450,000 +14.5% --
08/14/2020 08/14/20 Sold $393,000 +2.1% -- View Prior Sale
06/29/2020 06/29/20 Pending -- -- --
06/19/2020 06/19/20 For Sale $385,000 +292.9% --
12/28/2016 12/28/16 Sold $98,000 -2.0% -- View Prior Sale
12/16/2016 12/16/16 Pending -- -- --
12/16/2016 12/16/16 Price Changed $100,000 +2.0% --
11/10/2016 11/10/16 Off Market $98,000 -- --
11/10/2016 11/10/16 For Sale $100,000 0.0% --
11/10/2016 11/10/16 Price Changed $100,000 +2.0% --
11/02/2016 11/02/16 Off Market $98,000 -- --
11/02/2016 11/02/16 For Sale $120,000 0.0% --
11/02/2016 11/02/16 Price Changed $120,000 +22.4% --
10/27/2016 10/27/16 Off Market $98,000 -- --
10/03/2016 10/03/16 For Sale $105,000 -- --
Source: Midwest Real Estate Data (MRED)

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 $5,701 $26,795 $6,993 $19,802
2024 $5,701 $26,795 $6,993 $19,802
2023 $5,557 $27,000 $5,670 $21,330
2022 $5,557 $27,000 $5,670 $21,330
2021 $5,433 $27,003 $5,673 $21,330
2020 $3,390 $15,210 $4,725 $10,485
2019 $3,555 $17,686 $4,725 $12,961
2018 $3,099 $19,114 $4,725 $14,389
2017 $3,570 $19,948 $4,158 $15,790
2016 $3,924 $22,078 $4,158 $17,920
2015 $3,567 $22,078 $4,158 $17,920
2014 $2,819 $17,751 $3,780 $13,971
2013 -- $17,751 $3,780 $13,971
Source: Public Records

Agents Affiliated with this Home

  • Brenda Sarmiento

    Seller's Agent in 2024

    Brenda Sarmiento

    606 Brokers LLC

    (773) 603-5866

    5 in this area

    111 Total Sales

    Brenda Sarmiento
    Section Image
  • Eileen Meg Kravitz

    Buyer's Agent in 2024

    Eileen Meg Kravitz

    Baird & Warner

    (773) 908-2777

    1 in this area

    42 Total Sales

    Eileen Meg Kravitz
    Section Image

  • C

    Seller's Agent in 2020

    Cesar Juarez

    Redfin Corporation

    Cesar Juarez
    Section Image

  • M

    Buyer's Agent in 2020

    Marines Garcia

    Compass

    Section Image

  • T

    Seller's Agent in 2016

    Tanesha Bolden

    Real People Realty

    (708) 218-4881

    4 Total Sales

    Tanesha Bolden
    Section Image

  • D

    Buyer's Agent in 2016

    Dimitre Kirilov

    Coldwell Banker Residential

See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11992890

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60639 Cragin

2438 N Lorel Ave, Chicago, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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