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    2206 N Lorel Ave Chicago, IL 60639

    Under Contract
    For Sale
    $314,900

    Residential Income - Chicago, IL

    Days on Market:
    66
    Last Refresh:
    Dec 13 at 2:06 pm

    Property Features for 2206 N Lorel Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    APN
    13331050450000
    Parking
    2

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1898
    Architectural style
    Other

    HomeSmart Connect Real Estate (847) 495-5000 [email protected]

    Listing agent Elena Iniguez (847) 495-5000

    Listing date Oct 9, 2025

    MLS# 12485120 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Chicago Residential Income Opportunity

    Located in Chicago, Illinois, this residential income property is a duplex suitable for generating rental income. The property is located near shopping, schools, and public transportation. It is ideal for an owner-occupant looking to live in one unit and rent out the other. The property is sold as-is and is suitable for conventional or cash transactions.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7600886
    Latitude
    41.9206701

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    FAQs

    What type of property is this?
    Duplex - Income-generating duplex near amenities, ideal for owner-occupancy.
    Where is this duplex located?
    The property is located at 2206 N Lorel Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $314,900.
    What are key features of this property?
    This property features: - Ideal for generating rental income.; - Great location.; - Near shopping, schools, and public transportation.
    (847) 495-5000
    Request Owner's contact information
    2206 N Lorel Ave Chicago, IL 60639
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    Chicago, IL 60639
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2206 N Lorel Ave Chicago, IL 60639
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