
2455 N Laramie Ave Chicago, IL 60639
Cragin NeighborhoodEstimated payment $8,458/month
About This Home
Rare chance to acquire a true cash-flow and appreciation play. This legal 12-unit with 3 garden apartments and a retail storefront is priced to sell- an ideal opportunity for the savvy investor ready to unlock its full potential. Property is being sold "as is, where is". Buyer must purchase subject to existing violations. Located in the heart of Belmont Cragin, this property is surrounded by strong rental demand. There are 13 1 bed units, 2 2 beds and a retail space. The Monthly income is currently $11,475, with 3 vacant units. Tenants are all month to month. Current rents are well below market, offering significant room for rent growth. There is a central boiler. 4 of the 15 units have been updated with new kitchens and bathrooms. Opportunities like this don't last - schedule your walkthrough ASAP.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,659
Year Built
- Built in 1930
Home Design
- Flat Roof Shape
- Brick Exterior Construction
Interior Spaces
- 3-Story Property
Utilities
- No Cooling
- Central Heating
- Separate Meters
Community Details
Overview
- 15 Units
Building Details
- Operating Expense $41,000
- Gross Income $137,700
- Net Operating Income $96,000
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
08/29/2025 08/29/25 | For Sale | $1,300,000 | -- | -- |
Similar Home in Chicago, IL
Source: Midwest Real Estate Data (MRED)
MLS Number: 12459303

APN: 13284240010000
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