16-18 N Lorel Ave | Chicago, IL 60644
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
16-18 N Lorel Ave
Chicago, IL 60644
Multifamily Property For Sale
·
23 Units
Investment Highlights
- Professional Offering Memorandum Available Upon Request
- Project Based Vouchers for All Units; Rent Payment Guaranteed by Program
- Favorable Mix of Almost Entirely [96%] Two and Three Bedroom Units
- Affordable Housing MOD Rehab Property, HAP Contract Renewed Annually
- Opportunity to Convert to Rental Assistance Demonstration (RAD) Program Which Allows for Longer-Term, 15-20 Year Contracts
- Operated and Maintained by Long Term Local Owner
Property Facts
| No. Units | 23 | Lot Size | 0.24 AC |
| Property Type | Multifamily | Building Size | 17,525 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built | 1927 |
| Zoning | RT-4 - Residential Two-Flat, Townhouse and Multi-Unit District | ||
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 17,525 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1927 |
| Zoning | RT-4 - Residential Two-Flat, Townhouse and Multi-Unit District |
Amenities
Unit Amenities
- Refrigerator
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 712 |
| 2+1 | 19 | - | 981 |
| 3+1 | 3 | - | 1,284 |
Property Taxes
| Parcel Number | 16-09-321-026-0000 | Improvements Assessment | $156,323 |
| Land Assessment | $10,878 | Total Assessment | $167,201 |
Property Taxes
Parcel Number
16-09-321-026-0000
Land Assessment
$10,878
Improvements Assessment
$156,323
Total Assessment
$167,201
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
