2159 N Laramie Avenue, Chicago, IL, 60639

$1,190,000

About 2159 N Laramie Avenue

Turnkey multi-unit investment property with strong in-place cash flow. The entire building was gut-rehabbed in 2022, including new electrical, new plumbing, new water lines, new gas lines, a new roof, and new windows, offering peace of mind and minimal future capital expenses. The property consists of five residential units plus additional income from laundry and garage parking. All units are currently occupied with long-term tenants, many of whom have renewed multiple times and are likely to continue. Rents reflect the quality of the recent renovation, and supplemental income from laundry and parking further enhances returns. Ideal for investors seeking a stabilized, fully updated asset with reliable income and limited deferred maintenance.

Additional Information: This property is located in the CHI - Belmont Cragin neighborhood, IL. This bedrooms multi family 5+ property is priced at $1,190,000.

Facts & Features

MLS® # 12560643
Price $1,190,000
Bathrooms 0.00
Taxes $11,077
Year Built 1923
Type Commercial Sale
Sub-Type Multi Family 5+
Status Active

Community Information

Address 2159 N Laramie Avenue
Area CHI - Belmont Cragin
City Chicago
County Cook
State IL
Zip Code 60639

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Exterior

Exterior Brick

Additional Information

Days on Market 82
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No
Taxes $11,077

Listing Details

OfficeBerkshire Hathaway HomeServices Chicago

Listing Map

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