2159 N Laramie AVE Chicago, IL 60639

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

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Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12560643

Maintenance Fees $1,600

Year Built 1923

Annual Tax Amount $11,077

Tax Year 2024

Lot Dimensions 3150

Property Sub-Type Multi Family 5+

Property 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.

Location

State IL

County Cook

Area Chi - Belmont Cragin

Zoning MULTI

Interior

Fireplace N

Building

Dwelling Type Multi Family 5+

Structure Type Brick

Listed by Fei Martin of Berkshire Hathaway HomeServices Chicago

Nearby School & Business

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106