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29554844
29554845

2159 N Laramie Avenue, Chicago, IL 60639

Berkshire Hathaway HomeServices Chicago
Listed by Berkshire Hathaway HomeServices Chicago
$1,190,000
122 days on market
Updated 40 days ago

2159 N Laramie Avenue

Details
APN 13332150010000
Property Type Multifamily
Sub Type Apartment Building, Multi Family 5+
Units 5
NOI $111,583
Year Built 1923
Stories 2
Acreage 3150.000
Zoning MULTI

Multifamily | 5 Units

Marketing 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.
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Berkshire Hathaway HomeServices Chicago
Listed by Berkshire Hathaway HomeServices Chicago

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$111,583.00
$9,298.58/mo

Valuation Metrics

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DSCR
9.38%
Cap Rate
9.38%
ROI

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