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Two-Unit Multifamily Property
For Sale
$299,000
Pending

646 North Lorel Avenue, Chicago, IL 60644

For sale two-unit multifamily building with two separate units in Chicago’s Austin neighborhood.

Property SizeContact for details
Days on Market31

Property Features for 646 North Lorel Avenue

General Information

Standard status Pending
Total Parking Spaces 1
Property subtype Two to Four Units / 2 Flat

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $1,410

Building Details

Year Built 1893
Tenancy Multi
Listing Agency: Baird & Warner
Listed By: Brandice Hampton · License #475166488
Source: Compass
Added: Jul 14 Changed: Aug 8 Last Checked: Jul 30 at 1:25PM

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 Baird & Warner

Investment Insights

Based on property information with market context.

This two-unit multifamily property is offered for sale and includes two separate units within one building. The layout supports independent occupancy for each unit, making it well suited for residential income use.

Located in Chicago’s Austin neighborhood, the property is described as being near local amenities, transportation, and neighborhood conveniences. Additional details and interior photos are available upon request.

For investors and owner-operators seeking a straightforward income property, this duplex-style configuration provides two distinct units under one ownership structure.

Key Highlights

  • Two‑unit multifamily building with two separate units
  • Year built: 1893
  • Located in Chicago’s Austin neighborhood

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Skin Care Clinic (Bike/Boat/Book/etc) Store Acupuncture

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
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

926
Businesses Nearby

Demographics for 60644, IL

47,239
Population
20,619
Households
2.3
Avg Household Size
36
Median Age
11%
College-Educated
85%
High-School Grad
3.5 sq mi
ZIP Area
13,497
Density / Sq Mi
$37,952
Median Household Income
$31,304
Median Earnings
$1,096
Median Rent
$238,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Duplex - For sale two-unit multifamily building with two separate units in Chicago’s Austin neighborhood.
Where is this duplex located?
The property is located at 646 North Lorel Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two‑unit multifamily building with two separate units; Year built: 1893; Located in Chicago’s Austin neighborhood
More about this property
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