Residential Income for Sale: 1439-41 N Laramie, Chicago, IL 60651 SOLD

12 beds
$540,000
$540,000
1439-41 N Laramie, Chicago, IL 60651 SOLD
12 beds
$540,000
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Selling Price: $540,000
Original List Price: $499,999
Sold at 108.0% of list price
Sold Date: 11/08/2024

Type Residential Income
Beds 12
Year Built 1928

City Chicago
County Cook
School District 299

MLS 12127999
Status Closed
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.

Room Features

Basement Description Finished, Partially Finished

Lot & Building Features

Heating Natural Gas, Radiator(s)
Parking Description Garage
Sewer Public Sewer
Tax Year 2022
Water Lake Michigan, Public
Lot Dimensions 50 X 125 ft

Price History of 1439-41 Laramie, Chicago, IL

Date Name Price Difference
12/31/1969 Listing Price $540,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
Photo of Richard Schultz
Direct: 708-237-7779
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by Compass, Elias Masud & Aaron Campbell
Sold by RE/MAX City, Jose Tenezaca
$
20%
1%
6.75%
$
$
$
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Principal & Interest
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Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Compass