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Updated Two-Unit Duplex
For Sale
$399,900

5200 S Lorel Avenue, Chicago, IL 60638

Two residential units offer distinct layouts, kitchens, and one bathroom apiece.

Property SizeContact for details
Days on Market8

Property Features for 5200 S Lorel Avenue

General Information

Standard status Active
Property subtype MULTI_FAMILY

Units

Unit Mix 1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units 2

Additional Details

Public Transit Yes

Taxes and HOA fees

Annual Taxes $5,389

Amenities

coin-operated laundry

Building Details

Year Built 1917
Buildings 1
Listing Agency: RE/MAX LOYALTY
Listed By: George Sierra · License #475163119
Source: Dawnmckennagroup
Added: Aug 4 Changed: Aug 10 Last Checked: Aug 11 at 1:03PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX LOYALTY

Investment Insights

Based on property information with market context.

Located at 5200 S Lorel Avenue in Chicago, this 1917 duplex contains two legal residential units with different bedroom configurations. The first apartment includes two bedrooms, one bathroom, and an eat-in kitchen. The second has three bedrooms, one bathroom, and an updated kitchen. Both units provide spacious living arrangements with natural light, while the building has been updated throughout.

A fully finished attic adds usable interior space, and coin-operated laundry equipment is included on the property. The building is situated near schools, parks, shopping, and public transportation, adding convenient access to everyday services and transit options.

Key Highlights

  • Legal 2‑unit duplex with a 2‑bedroom and a 3‑bedroom apartment
  • Unit 1 includes 2 bedrooms, 1 bath, and an eat‑in kitchen
  • Unit 2 features 3 bedrooms, 1 bath, and an updated kitchen

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Bakery Gym & Fitness Center (Bike/Boat/Book/etc) Store

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

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

580
Businesses Nearby

Demographics for 60638, IL

56,928
Population
21,636
Households
2.6
Avg Household Size
39
Median Age
24%
College-Educated
84%
High-School Grad
11.1 sq mi
ZIP Area
5,129
Density / Sq Mi
$89,191
Median Household Income
$50,902
Median Earnings
$1,327
Median Rent
$283,500
Median Home Value

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 - Two residential units offer distinct layouts, kitchens, and one bathroom apiece.
Where is this duplex located?
The property is located at 5200 S Lorel Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Legal 2‑unit duplex with a 2‑bedroom and a 3‑bedroom apartment; Unit 1 includes 2 bedrooms, 1 bath, and an eat‑in kitchen; Unit 2 features 3 bedrooms, 1 bath, and an updated kitchen
More about this property
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