2159 N Laramie Avenue,Chicago, IL 60639
Chicago, IL 60639
Description
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.
Details
| MLS # | 12560643 |
|---|---|
| Listing Type | For Sale |
| Style | Multi Family 5+ |
| Sub-Type | Resale |
| Status | Active |
| Year | 1923 |
| Days On Site | 217 |
| Listing Provided By | Berkshire Hathaway HomeServices Chicago | Fei Martin |
Features
| Story(s) | 2 |
|---|---|
| Units | 5 |
| Zoning | MULTI |
| Acreage | 3150.00 |
Exterior
| Construction Materials | Brick |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 11077 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60639 |
| Area | CHI Belmont Cragin |
| Listing VS Median (in 60639) | |
Price: $1,190,000 low | high Med: $385,000 On site: 217 low | high Med: 12 | |
Market Activity 60639
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60639 |
| Area | CHI Belmont Cragin |
| Listing VS Median (in 60639) | |
Price: $1,190,000 low | high Med: $385,000 On site: 217 low | high Med: 12 | |
