5200 S Lorel Ave Chicago, IL 60638
Garfield Ridge NeighborhoodEstimated payment $2,573/month
Highlights
- Corner Lot
- Patio
- Fenced
- First Floor Utility Room
About This Home
** Highest and Best Due by 5pm Today Monday 5/4** LOOK NO FURTHER! This property presents an excellent investment opportunity. This legal 2-unit building offers strong income potential and exceptional versatility. Each unit features spacious layouts filled with natural light. Unit 1 includes 2 bedrooms, 1 bath, and an eat-in kitchen. Unit 2 offers 3 bedrooms, 1 bath, and an updated kitchen. The property also features a fully finished attic, updated throughout, perfect for an in-law suite or extended living space. Ideal for both owner-occupants and investors looking to generate consistent rental income. Additional highlights include coin-operated laundry, providing extra income and help with the utility expenses. Conveniently located near schools, parks, shopping, and public transportation. Don't miss this opportunity to own a well-maintained multi-unit property with a solid structure and functional layout, an excellent addition to any investment portfolio. Schedule your showing today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,389
Year Built
- Built in 1917
Lot Details
- Fenced
- Corner Lot
- Paved or Partially Paved Lot
Home Design
- Asphalt Roof
- Vinyl Siding
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Potential Bedrooms
- 3 Bathrooms
Utilities
- Heating System Uses Natural Gas
- Lake Michigan Water
Additional Features
- First Floor Utility Room
- Patio
Community Details
- 2 Units
Listing and Financial Details
- Homeowner Tax Exemptions
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $3,539 | $30,001 | $4,688 | $25,313 |
| 2024 | $3,539 | $30,001 | $4,688 | $25,313 |
| 2023 | $3,430 | $20,000 | $3,750 | $16,250 |
| 2022 | $3,430 | $20,000 | $3,750 | $16,250 |
| 2021 | $3,352 | $20,000 | $3,750 | $16,250 |
| 2020 | $3,817 | $17,023 | $3,750 | $13,273 |
| 2019 | $4,002 | $19,795 | $3,750 | $16,045 |
| 2018 | $3,936 | $19,795 | $3,750 | $16,045 |
| 2017 | $4,288 | $19,790 | $3,375 | $16,415 |
| 2016 | $3,990 | $19,790 | $3,375 | $16,415 |
| 2015 | $3,653 | $19,790 | $3,375 | $16,415 |
| 2014 | $3,325 | $20,351 | $3,187 | $17,164 |
| 2013 | $3,249 | $20,351 | $3,187 | $17,164 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/04/2026 06/04/26 | Pending | -- | -- | -- |
| 05/26/2026 05/26/26 | For Sale | $389,900 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $228,000 | Old Republic Title | |
| Special Warranty Deed | $61,000 | Fidelity National Title | |
| Quit Claim Deed | -- | None Available | |
| Sheriffs Deed | -- | None Available | |
| Warranty Deed | $259,000 | Heritage Title | |
| Warranty Deed | $226,500 | Multiple | |
| Quit Claim Deed | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $100,000 | New Conventional | |
| Open | $223,575 | FHA | |
| Previous Owner | $207,200 | Unknown | |
| Previous Owner | $181,200 | Commercial |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12658395
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.
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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Ask me questions while you tour the home.