Seller's Agent in 2023
Ryan Smith
RE/MAX Premier
(312) 810-9680
16 in this area
773 Total Sales
642 N Lorel Ave Chicago, IL 60644
Austin Neighborhood
7
Beds
2
Baths
2,692
Sq Ft
1895
Built
About This Home
As of August 2023Located in the heart of the Austin community this jumbo multi unit building offers a great layout with tons of upside for a buyer with vision. The building has two very large units with 4 bedrooms on the second floor and three bedrooms on the first floor unit, the property has a full basement and is situated on a very wide lot. The larger room count makes for great cash flow potential, live in one unit and rent the other out, this is a win win situation. The building is centrally located close to I-190, close to Austin Blvd and much more, not often do we see larger multi units such as this with value add potential come to the market and this one is no exception! Get inside today to see all this building has to offer
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,548
Year Built
- Built in 1895
Home Design
- Aluminum Siding
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Potential Bedrooms
- 2 Bathrooms
Unfinished Basement
- Partial Basement
Utilities
- Forced Air Heating System
- Lake Michigan Water
Community Details
- 2 Units
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/04/2023 08/04/23 | Sold | $175,000 | +18.2% | $65 / Sq Ft |
| 05/22/2023 05/22/23 | Pending | -- | -- | -- |
| 05/12/2023 05/12/23 | For Sale | $148,000 | 0.0% | $55 / Sq Ft |
| 05/12/2023 05/12/23 | Pending | -- | -- | -- |
| 05/03/2023 05/03/23 | For Sale | $148,000 | -15.4% | $55 / Sq Ft |
| 05/01/2023 05/01/23 | Off Market | $175,000 | -- | -- |
| 04/28/2023 04/28/23 | For Sale | $148,000 | -- | $55 / Sq Ft |
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 | $2,676 | $25,000 | $6,030 | $18,970 |
| 2024 | $2,676 | $25,000 | $6,030 | $18,970 |
| 2023 | $2,587 | $16,000 | $4,774 | $11,226 |
| 2022 | $2,587 | $16,000 | $4,774 | $11,226 |
| 2021 | $2,548 | $15,999 | $4,773 | $11,226 |
| 2020 | $2,664 | $15,063 | $4,271 | $10,792 |
| 2019 | $2,750 | $17,117 | $4,271 | $12,846 |
| 2018 | $2,703 | $17,117 | $4,271 | $12,846 |
| 2017 | $2,632 | $15,602 | $3,768 | $11,834 |
| 2016 | $3,125 | $15,602 | $3,768 | $11,834 |
| 2015 | $616 | $15,602 | $3,768 | $11,834 |
| 2014 | $611 | $16,948 | $3,517 | $13,431 |
| 2013 | $613 | $16,948 | $3,517 | $13,431 |
Source: Public Records
Agents Affiliated with this Home
-
Ryan Smith
-
Thomas Sasco
Buyer's Agent in 2023
Thomas Sasco
Sasco Realty Group
(312) 804-9308
10 in this area
79 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11770262
APN: 16091100250000
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