2159 N Laramie Avenue, Chicago, IL
  • $1,190,000

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.

  • Listing Courtesy of: Berkshire Hathaway HomeServices Chicago

Details

Updated on June 27, 2026 at 11:57 am
  • Property ID MRD12560643
  • Price $1,190,000
  • Year Built 1923
  • Property Type Multi Family
  • Property Status Active
  • Parcel Number 13332150010000
  • MLS Status Active
  • Days On Market 144
  • Cumulative Days On Market 82
  • Tax Annual Amount 11077
  • Directions on the corner of N Laramie and W Palmer
  • StoriesTotal 2
  • Zoning MULTI
  • Address 2159 N Laramie Avenue
  • City Chicago
  • State/county IL
  • Zip/Postal Code 60639
  • Country United States

Overview

Property ID: MRD12560643
  • Multi Family
  • Property Type
  • 1923
  • Year Built

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