16-18 N Lorel Ave | Chicago, IL 60644
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- LoopNet Team
16-18 N Lorel Ave
Chicago, IL 60644
Multifamily Property For Sale
·
23 Units
INVESTMENT HIGHLIGHTS
- All 23 units are currently leased, providing immediate and stable cash flow.
- Easy access to public transportation, major roads, shopping centers, schools, and local attractions.
- Situated in one of Chicago’s most vibrant and revitalizing communities, known for its cultural richness and urban renewal.
- Generates impressive gross annual income, offering a compelling return on investment.
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 | $897.00 | 712 |
| 2+1 | 19 | $1,029 | 981 |
| 3+1 | 3 | $1,392 | 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
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