$370,000
●
House -
Off Market
840 N Lorel Avenue
Chicago, IL 60651
5 Beds
3 Baths,
1
Half Bath
$2,194
Est. Monthly
11.66%
Cap Rate
About This Property
Don't miss out on this spacious, recent full gut-rehab home, with
four finished levels of living space! The kitchen features
stainless steel appliances, custom cabinetry, granite counters,
recessed lighting, and opens to a large dining room with a gas
fireplace and powder room. Inside the front door is a massive
family room with space to decorate to your heart's desire, which
looks out onto a large front porch. Sizable backyard with deck,
concrete patio, large yard, and 2 car garage (Built during the
recent rehab). On the second floor there are four sizable bedrooms,
a bathroom with a separate shower and tub, with another extensive
bedroom in the finished attic. Finished basement with a second
family room, full bathroom, 6th and 7th bedrooms, recessed
lighting, sump pump, and laundry room. Dual Zone HVAC system to
keep four levels of living space heated and cooled efficiently! A
wealth of room for entertaining outside as well as inside. Easy
access to the Eisenhower Expressway, Columbus Park, Green and Blue
Line stops, Downtown Oak Park and the Loop.
Unit Size
-
Days on Market
-
Land Size
0.10 acres
Price per sqft
-
Property Type
House
Property Taxes
$352
HOA Dues
-
Year Built
1913
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 years ago (MRED MLS #11873463)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 18, 2023 | Sold | ||
| Sold | |||
| Aug 30, 2023 | Listed by @properties Christie's International Real Estate | $375,000 | |
| Listed by @properties Christie's International Real Estate | |||
| Dec 14, 2019 | No longer available | - | |
| No longer available | |||
| Sep 15, 2019 | Listed | $309,900 | |
| Listed | |||
| | |||
|
LOOK NO FURTHER!!! NO EXPENSE WAS SPARED RENOVATING THIS EXQUISITE HOME!! THIS FULL GUT REHAB IS THE PINNACLE OF SOPHISTICATION, ELEGANCE, BEAUTY AND CHARM!! THIS BEAUTY BOAST 6 BDRMS + AN OFFICE 2.5 BTHS, 2 CAR GARAGE, FINISHED BASEMENT PERFECT FOR ENTERTAINING! ENJOY THE BEAUTIFUL KITCHEN WITH CUSTOM CABINETRY, GRANITE COUNTER TOPS AND STAINLESS STEEL APPLIANCES OVER LOOKING THE FAMILY ROOM! THIS HOME BLENDS EXQUISITE TASTE & MODERN CONVENIENCES WITH STYLE PERFECT FOR BOTH GRANDIOSE ENTERTAINING AND EVERYDAY LIVING!! SAVE ON YOUR HEATING EXPENSES WITH THIS RESIDENTIAL LUXURY'S DUAL ZONE HEATING SYSTEM!! SEARCH NO LONGER THIS TIMELESS BEAUTY IS JUST WHAT YOU'VE BEEN LOOKING FOR!! The manager has listed the unit size as 3192 square feet.
| |||
| Aug 25, 2018 | No longer available | - | |
| No longer available | |||
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Property Highlights
Garage
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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HOA + Taxes
About Northwest Side
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Listed by: Joseph Hosch, @properties Christie's International Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11873463
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.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11873463
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