Address
2159 N Laramie Avenue, Chicago, IL
Price
$ 1,190,000
Property Attributes
  • MLS#12560643
  • TypeMulti-Family
  • Listing Status Active
  • CountyCOOK
  • CityChicago
  • AreaCHI - Belmont Cragin
  • NeighborhoodBelmont Cragin
  • Zip60639
  • Style
  • Year Built1923
  • Taxes$ 11077
  • Price$ 1,190,000
  • Bedrooms9
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
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.

Price History
2/4/2026 Listed $1,190,000

General Features

Zoning MULTI
Construction Materials Brick
Year Built 1923
Stories Count 2
Tax Year 2024
Gross Income 139128
County Cook
Net Operating Income 112965
Operating Expense 14284
Insurance Expense 2500
Property Type Commercial Sale
MaintenanceExpense 1600
Status Active
Directions on the corner of N Laramie and W Palmer
City Chicago
Number Of Units Total 5
MLS Area CHI - Belmont Cragin
Tax Annual Amount 11077
Electric Expense 600
Fuel Expense 620
Trash Expense 1200
Water Sewer Expense 1200
Additional Parcels Y/N No
Standard Status Active
Property Type Multi Family 5+

Exterior Features

Lot Dimensions 3150

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 60639

Price
AVG $610K
$1.19M
Taxes
AVG $6,738
$11,077
Year Built
AVG 1928
1923
Visits
AVG 125
723
Data Provided by Inside Real Estate®