2738 North Laramie Avenue AvenueChicago, IL 60639Price: $3,200,000

  • Price: $3,200,000
  • 126 Days on Market
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Federal 30-year interest rate: 6.13% last updated on Jan 26, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 1931Year Built

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Generational opportunity to own this Large corner L shaped all brick 17 unit apartment building with 8 parking spaces. Entire property underwent an up zoning change to B2-3 and a fully permitted gut rehab in 2021. Everything in building is brand new..roof, windows, doors, plumbing, electric, kitchens, baths etc. Full list of features in additional info. All leases were originated in spring/summer of 2021 and as of this listing all have renewed. This translates to very low turnover costs and no vacancies. Couple that with very low maintenance costs in the foreseeable future and you see why this investment property is a massive cash cow for generations to come! Upside potential already exists in raising rents, raising parking rents and adding coin op laundry.

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Listed by David Ryan of Homesmart Connect LLC

Based on information submitted to MRED  as of January 30, 2023 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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