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Duplex with Flexible Third-Floor Space
New
For Sale
$450,000

2238 N Lorel Avenue, Chicago, IL 60639

Chicago, IL

Property SizeContact for details
Days on Market2

Property Features for 2238 N Lorel Avenue

General Information

Property type Residential Multi Family
Property subtype Single Family Attached
Bedrooms 7
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 1, Bedroom 3, Bedroom 7, Bedroom 4, Bedroom 6, Bedroom 5, Bedroom 2
Standard status Active

Building Details

Year built 1896
Listing Agency: Engel & Volkers Chicago · Engel & Völkers
Listed By: Lorenzo Sanchez · License #475148246
Added: Oct 1 Changed: Oct 2 Last Checked: Oct 2 at 9:06AM
MLS# 12774440

Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This Chicago duplex includes two bedrooms and one bathroom on the first floor, with refreshed cabinetry and new kitchen countertops. The second floor has three bedrooms, one bathroom, a remodeled kitchen, and separate dining and living rooms. Fresh paint and new interior doors are noted in the property, along with updated cabinetry and quartz countertops in the second-floor kitchen. The third floor adds two bedrooms, a full bathroom, and a living area, offering additional usable space that can remain separate or connect with the second-floor unit. The property was built in 1896.

An enclosed parking pad accommodates two vehicles, and the yard is fully fenced.

Key Highlights

  • First floor: two bedrooms, one bathroom, updated cabinetry, and new kitchen countertops
  • Second floor: three bedrooms, one bathroom, remodeled kitchen, and separate dining and living rooms
  • Third floor includes two bedrooms, a full bathroom, and a living area

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Acupuncture (Bike/Boat/Book/etc) Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,164
Businesses Nearby

Demographics for 60639, IL

89,543
Population
28,656
Households
3.1
Avg Household Size
34
Median Age
15%
College-Educated
69%
High-School Grad
5.0 sq mi
ZIP Area
17,909
Density / Sq Mi
$59,710
Median Household Income
$34,846
Median Earnings
$1,212
Median Rent
$289,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Updated kitchens and baths accompany distinct living areas and enclosed parking for two vehicles.
Where is this duplex located?
The property is located at 2238 N Lorel Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: First floor: two bedrooms, one bathroom, updated cabinetry, and new kitchen countertops; Second floor: three bedrooms, one bathroom, remodeled kitchen, and separate dining and living rooms; Third floor includes two bedrooms, a full bathroom, and a living area
More about this property
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