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1318 N Lorel Ave; Chicago, IL Property Details

1318 N Lorel Ave, Chicago, IL is a Single Family that was built in 1925. This property is currently Financed and is not for sale. Our records show that 1318 N Lorel Ave has 2 bedrooms, and 1.5 bathrooms, and a total of 1,449 square feet. The lot size of 1318 N Lorel Ave is 4,488 square feet.

Off market
1318 N Lorel Ave Chicago, IL 60651
$27,000 Estimated Value
2 Beds
1.5 Baths
1,449 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1925
  • Purchase Price: $230,000
  • Open Loans / Balance: 1 / $125,384
  • Est. Equity / %: $185,616 / 59.68%
  • Gross Yield: 11.522%
  • APN: 16-04-118-029-0000
  • Situs County: Cook
  • Length Of Ownership: 20 years, 1 months

Rooms

  • Bedrooms: 2
  • Bathrooms: 1.5
  • Full Bathrooms: 1
  • Total Rooms: 5
  • Partial Bathrooms: 1

Structure

  • Building Style: Masonry
  • Stories: 1.5
  • Exterior Wall Type: Masonry
  • Building Condition: Average
  • Building Quality: C
  • Roof Cover Type: Asphalt
  • Water Source: Municipal

Measurements

  • Total: 1,449/SqFt
  • Lot: 4,488/SqFt
  • Gross: 1,449/SqFt
  • Living: 1,449/SqFt
  • Building: 1,449/SqFt
  • Price Per Square Foot: $158.73

Legal Description

  • Description: (COLLINS) (GAUNTLETT) & (DUNAS) (AUSTIN) MANOR SUB OF LTS2-4,6 IN PARTN OF W10.728ACS OF E42.912ACS OF SH NW SEC 04-39-13
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Chicago Public School District 299
  • Lat / Lon: 41.90461 / -87.759995
  • Subdivision: Collins Gauntlett & Dunas Austin
  • Property Class: Residential
  • Zoning: RS-3
  • County Use Code: 2-03

Amenities

  • Plus Four: 1366
  • Cooling: Yes
  • Garage: Detached Garage
  • Heating: Yes
  • Parking: 2

Ownership Info

1318 N Lorel Ave has no associated ownership info
1318 N Lorel Ave has no associated ownership info.

Taxes

1318 N Lorel Ave has 10 associated Taxes items

1318 N Lorel Ave, Chicago, IL pays taxes in Cook County, IL. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $27,000. The APN we've located for 1318 N Lorel Ave is 16-04-118-029-0000.

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Taxes
  • Assessed Value:  $27,000
  • Assessed Year:  2025
  • Assessed County:  Cook
  • APN:  16-04-118-029-0000
  • Assessed Land Value:  5610
  • Market Land Value:  56100
  • Tax Amount:  4438
  • Tax Year:  2023
  • Market Value:  270000
  • Market Year:  2025

Tax History

1318 N Lorel Ave has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $27,000 Land Value $5,610 Improvement Value $21,390 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $27,000 Land Value $5,610 Improvement Value $21,390 Tax Amount Change Rate Assessed CR Tax Rate
Year 2023 Assessed Value Land Value Improvement Value Tax Amount $4,438 Change Rate +0.070318% Assessed CR Tax Rate
Year 2022 Assessed Value $27,000 Land Value $4,488 Improvement Value $22,512 Tax Amount $4,146.43 Change Rate -0.128857% Assessed CR Tax Rate +0.153571%
Year 2021 Assessed Value $27,000 Land Value $4,488 Improvement Value $22,512 Tax Amount $4,759.76 Change Rate +0.687344% Assessed CR Tax Rate +0.176287%
Year 2020 Assessed Value $15,765 Land Value $4,375 Improvement Value $11,390 Tax Amount $2,820.86 Change Rate -0.003374% Assessed CR Tax Rate +0.178932%
Year 2019 Assessed Value $17,517 Land Value $4,375 Improvement Value $13,142 Tax Amount $2,830.41 Change Rate +0.017555% Assessed CR Tax Rate +0.161581%
Year 2018 Assessed Value $17,517 Land Value $4,375 Improvement Value $13,142 Tax Amount $2,781.58 Change Rate +0.003463% Assessed CR Tax Rate +0.158793%
Year 2017 Assessed Value $16,252 Land Value $3,814 Improvement Value $12,438 Tax Amount $2,771.98 Change Rate +0.006174% Assessed CR Tax Rate +0.170562%
Year 2016 Assessed Value $16,252 Land Value $3,814 Improvement Value $12,438 Tax Amount $2,754.97 Change Rate +0.10314% Assessed CR Tax Rate +0.169516%
Year 2015 Assessed Value $16,252 Land Value $3,814 Improvement Value $12,438 Tax Amount $2,497.39 Change Rate +0.046474% Assessed CR Tax Rate +0.153667%
Year 2014 Assessed Value $15,431 Land Value $3,590 Improvement Value $11,841 Tax Amount $2,386.48 Change Rate +0.024997% Assessed CR Tax Rate +0.154655%
Year 2013 Assessed Value $15,431 Land Value $3,590 Improvement Value $11,841 Tax Amount $2,328.28 Change Rate Assessed CR Tax Rate +0.150883%