3851 N Laramie Avenue,Chicago, IL 60641
Chicago, IL 60641
Description
Offered for the first time in nearly four decades, 3851-53 N Laramie / 5155 W Byron is a pride of ownership 7 unit corner masonry building in Portage Park. The building features seven (7) two bedroom, one bath apartments, including one duplex and one garden unit, with updated finishes, stainless steel appliances in select units, radiator heat, and coin operated common laundry. Major building systems have been addressed over time, including a radiant steam boiler replacement in 2018, hot water tank in 2023, copper plumbing (except cold water risers), building wide window replacements, plus a new garage constructed in 2020. Residents enjoy convenient access to retail, restaurants, and public transit along Irving Park and Milwaukee. Utilities are investor friendly with separately metered electric and cooking gas paid by tenants, while ownership covers heat and common area utilities. With stable in place income, historically low vacancy, and clear upside via rent optimization, this well maintained asset is ideal for long term investors seeking durable cash flow in a proven Northwest Side location.
Details
| MLS # | 12698755 |
|---|---|
| Listing Type | For Sale |
| Style | Multi Family 5+ |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1923 |
| Days On Site | 60 |
| Listing Provided By | Triton Realty Group LLC | Harrison Cohen |
Features
| SQ Feet | 7,050 |
|---|---|
| Story(s) | 3 |
| Units | 7 |
| Acreage | 0.15 |
Interior
| Cooling | Window Unit(s) |
|---|
Exterior
| Construction Materials | Brick |
|---|
Utilities
| Electric | Separate Meters |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 17731.39 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60641 |
| Area | CHI Portage Park |
| Listing VS Median (in 60641) | |
Price: $1,250,000 low | high Med: $425,000 sqft: 7,050 low | high Med: 1,658 $ / sqft: $177 low | high Med: $256 On site: 60 low | high Med: 32 | |
Market Activity 60641
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60641 |
| Area | CHI Portage Park |
| Listing VS Median (in 60641) | |
Price: $1,250,000 low | high Med: $425,000 sqft: 7,050 low | high Med: 1,658 $ / sqft: $177 low | high Med: $256 On site: 60 low | high Med: 32 | |