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
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