2455 N Laramie AVE new Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60639
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12459303
Year Built 1930
Annual Tax Amount $16,659
Tax Year 2023
Property Sub-Type Multi Family 5+
Property Description
Rare chance to acquire a true cash-flow and appreciation play. This legal 12-unit with 3 garden apartments and a retail storefront is priced to sell- an ideal opportunity for the savvy investor ready to unlock its full potential. Property is being sold "as is, where is". Buyer must purchase subject to existing violations. Located in the heart of Belmont Cragin, this property is surrounded by strong rental demand. There are 13 1 bed units, 2 2 beds and a retail space. The Monthly income is currently $11,475, with 3 vacant units. Tenants are all month to month. Current rents are well below market, offering significant room for rent growth. There is a central boiler. 4 of the 15 units have been updated with new kitchens and bathrooms. Opportunities like this don't last - schedule your walkthrough ASAP.
Location
State IL
County Cook
Area Chi - Belmont Cragin
Interior
Cooling None
Building
Dwelling Type Multi Family 5+
Structure Type Brick