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Listing provided courtesy of Ruiz Realty, Inc.MREDas Distributed by MLSGrid- MLS# 12689989MLS Provider

1831 N Lorel AvenueChicago, IL 60639

Commercial · 6,700 Sq. ft.
$699,000 New

1831 N Lorel Avenue Overview

Time on Site:
22 hours
Visits:
0

Position your business for success with this well-maintained 6,700-square-foot industrial building located in the highly desirable Galewood Industrial Corridor. Offering a versatile layout, this property is ideal for manufacturing, warehousing, distribution, fabrication, or other industrial operations. The building features a recently updated office and restroom, newer roof, energy-efficient LED lighting, and ample fenced parking for employees and customers. High ceilings, drive-in access, and flexible industrial space provide the functionality businesses need to operate efficiently. Currently being used as a die casting manufacturing. Conveniently located near major transportation routes and just minutes from the North Austin Center redevelopment, this property benefits from continued investment and neighborhood growth. Whether you're an owner-user seeking a long-term headquarters or an investor looking for a quality industrial asset, this property offers outstanding value and endless potential. Don't miss this opportunity to own a move-in-ready industrial building in one of Chicago's emerging commercial corridors.

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1831 N Lorel Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 6,700
  • Price/Sq.ft. $104

Details

General

Income/Expenses

  • Gross Income: 0
  • Gross Scheduled Income: 0
  • Net Operating Income: 0
  • Operating Expense: 0

Building Information

  • Year Built: 1957

Business Information

  • Current Use: Industrial

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Austin

Rent/Lease Information

  • Tenant Pays: Varies by Tenant

Tax Information

  • Tax Annual Amount: $22,552.12
  • Tax Year: 2024

General Information

  • Parcel Number: 13333080020000
  • Property Sub Type: Warehouse
  • Property Type: Commercial Sale
  • Zoning: INDUS

Interior

Building Interior

  • Building Area Total: 6700

General Information

  • Cooling: Office Only
  • Electric: Over 600 Amps
  • Leasable Area: 6700
  • Stories: 1

Unit Information

  • Unit SqFt.: 6700

Exterior

Lot Information

  • Additional Parcels: Yes
  • Lot Size Dimensions: 60' X 125.42'
  • Lot Size Square Feet: 7500

Building Exterior/Construction

  • Construction Materials: Brick
  • Roof: Membrane

1831 N Lorel Avenue Neighborhood

Community

60639 (Chicago) Demographics

35
Median Age
18,147
Population Density (per sq. mile)
20%
College Educated
$51,810
Estimated Median Income
12,979
Estimated Total Home Owners
12,828
Estimated Total Renters
50% / 50%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1831 N Lorel Avenue Monthly Cost

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Randall Fowlkes
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1831 N Lorel Avenue Market Data

Based on the last 30 days in this zip code

$496,366
Average List Price
$256
Average Price per Square Foot
14
Properties Sold
54
Average Days on Market
36
Properties for Sale
Calculations provided by Reliance Network

1831 N Lorel Avenue History

Date Event Value Agent
6/29/2026Source: MRED Added to Database
June 29, 2026
6/30/2024Source: MRED Status Change
Closed
4/2/2024Source: MRED Status Change
Contingent