2159 N Laramie Ave Chicago, IL 60639
Cragin NeighborhoodEstimated payment $7,458/month
About This Home
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 Agent
Berkshire Hathaway HomeServices Chicago License #475157365 Listed on: 02/03/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,077
Year Built
- Built in 1923
Home Design
- Brick Exterior Construction
Additional Features
- 2-Story Property
- Radiant Heating System
Community Details
Overview
- 5 Units
Building Details
- Electric Expense $600
- Fuel Expense $620
- Insurance Expense $2,500
- Maintenance Expense $1,600
- Trash Expense $1,200
- Water Sewer Expense $1,200
- Operating Expense $14,284
- Gross Income $131,111
- Net Operating Income $111,583
Map
Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/03/2026 02/03/26 | For Sale | $1,190,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12560643
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Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.