Discover the potential of this residentially zoned vacant lot located at 731 N Lorel Ave in Chicago's vibrant Austin neighborhood. Spanning 3,350 square feet, this prime plot is ready for your vision-whether you're looking to build a single-family home or invest in a growing community. Nestled on a quiet, tree-lined street, the lot offers ample space for new construction with easy access to public transportation, schools, and parks. Austin is a neighborhood rich in history and community spirit, making it a great location for future homeowners or developers. With its proximity to downtown Chicago, local amenities, and development opportunities in the area, this lot is an excellent choice for your next project.
Property Details
Property Features
Listing Office:
Office Name: Alisha Harris
Office Phone: (312) 622-3083
Listing Agent: Alisha Harris
Lot Features
Lot Information:
Lot Size: 0.08 Acres
Other
Directions Information:
Directions: Head west on Chicago Ave (away from Cicero Ave). Continue west on Chicago Ave for approximately 0.5 miles. Turn right (north) onto Lorel Ave. Continue for about 0.2 miles and arrive at the address.
Price Information
Listing Price Info
Price Summary:
List Price: $25,000
Tax Information:
Annual Amount: $572
Tax Year: 2019
What can I afford?
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Housing Market Comparison
See how this home compares to others in Chicago, IL.
This property is $335.3K less than the Median Sold Price in Chicago, IL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MRED
MLS Number: #12170410
Listing Office:
Office Name: Alisha Harris
Office Phone: (312) 622-3083
Listing Agent: Alisha Harris
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
9
/10
William Beye Elementary School
230 N Cuyler Ave
Distance between this listing and this school1.24 miles
Public District Grades KG-5
7
/10
John Greenleaf Whittier Elementary School
715 N Harvey Ave
Distance between this listing and this school1.24 miles
Public District Grades PK-5
4
/10
Hatch Elementary School
1000 N Ridgeland Ave
Distance between this listing and this school1.47 miles
Public District Grades KG-5
Nearby Schools
4
/10
Howe Elementary School
720 N Lorel Ave
Distance between this listing and this school0.05 miles
Public District Grades PK-8
4
/10
Hay Elementary Community Academy
1018 N Laramie Ave
Distance between this listing and this school0.41 miles
Public District Grades PK-8
4
/10
Moving Everest Charter School
416 N Laramie Ave
Distance between this listing and this school0.42 miles
Public Charter Grades KG-8
Nearby Schools
1
/10
Douglass Academy High School
543 N Waller Ave
Distance between this listing and this school0.49 miles
Public District Grades 9-12
1
/10
Austin College and Career Academy High School
231 N Pine Ave
Distance between this listing and this school0.63 miles
Public District Grades 9-12
3
/10
Clark Academy Preparatory Magnet High School
5101 W Harrison St
Distance between this listing and this school1.51 miles
The neighbors living near this home have an average income of $40,089. Typical income of Chicago, IL residents is between $35k-100k annually. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 731 N Lorel Ave
What is the listing price of this property?
The listing price of 731 N Lorel Ave property is $25,000.
What type of property is this?
The property 731 N Lorel Ave is land located in Chicago, Illinois, 60644.
Is this property for sale now?
Accepting Backup Offers: 731 N Lorel Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
What is the annual property tax for this property?
According to the records, the last property tax for 2019 is $572 (source: MLS/based on county public records data).
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This home is located at 731 N Lorel Ave in Chicago, IL and zip code 60644 in the Austin neighborhood. This home sits on a 0.08 acre lot. It has been listed on Rocket Homes since September 23, 2024 and is currently priced at $25,000.
While more than 539 listings in Chicago, IL in October 2024 were sold above asking price, there were more than 337 listings sold at asking price, and more than 919 were sold below. The inventory of homes for sale in Chicago, IL between September 2024 and October 2024 increased by 14.5%. While the average time on the market in October 2024 was 32 days, the median list price was $360,336.
From Rocket Homes Real Estate and based on county public records data.
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved. 
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