Closed

$499,999

1439-41 Laramie Avenue, Chicago, IL 60651
12 Beds4 Baths8 days
1439-41 Laramie Avenue·Chicago, IL 60651
12Bedrooms
4Bathrooms
1928Year Built
About This Home

Exceptional opportunity in Austin: a well-maintained 4-unit multifamily building available now. This investment property boasts long-term tenants and generates immediate rental income. All units are occupied are 3 bedroom/1 bathroom, including one non-conforming in-law unit. The property is sold as-is; buyers should verify details, including the legality of the basement units. Three primary units produce $4,200 monthly, while the fourth unit, currently rented by the owner's relative, could command $1,500 monthly. An in-law unit brings in $800 per month, and an unfinished second in-law unit offers potential for additional income. The property features two sets of coin-operated laundry machines ($300 monthly income), a 5-car garage, and recent updates including a 6-year-old boiler, hot water heater, and new windows. Owner covers heat and water; tenants pay cooking gas and electricity. Enclosed with wrought iron fencing and equipped with a handicap lift off the back deck, this building is perfect for investors looking to build wealth.

MLS# 12127999Listed September 11, 2024Residential Income
Property Details

Beds & Baths

Total Bedrooms12
Total Bathrooms4
Total Rooms23

Size & Structure

Garage Spaces5
Year Built1928
Lot Size50 X 125

Location

CountyCook
TownshipWest Chicago
Zip Code60651

Financial

List Price$499,999
Annual Taxes (2022)$8,433
Monthly Tax Est.$703
Parcel #16042060050000
Interior Features

Heating

Natural GasRadiator(s)

Basement

FinishedPartially FinishedFullWalk-Out Access
Exterior & Lot

Construction

Brick

Patio & Porch

Deck
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake MichiganPublic

Parking

Garage Door OpenerOn SiteGarage OwnedDetachedGarage
Tax & Financial
Annual Taxes
$8,433
Tax Year 2022
Monthly Tax Est.
$703
per month
Property Location

1439-41 Laramie Avenue, Chicago, IL 60651Cook County

$499,999
1439-41 Laramie Avenue
12 bd4 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
8 days on market
5-car garage
50 X 125
$8,433/yr taxes
$3,330
estimated monthly payment
Principal & Interest
$2,628/mo
Property Tax
$703/mo
$499,999
20% — $100,000
3%50%
6.875%
3%12%
Loan Amount
$399,999
Down Payment
$100,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Compass
Agent: Elias Masud
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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