3851 N Laramie Avenue, Chicago, IL

$1,250,000

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0.15

Acres

About 3851 N Laramie Avenue

Offered for the first time in nearly four decades, 3851-53 N Laramie / 5155 W Byron is a pride of ownership 7 unit corner masonry building in Portage Park. The building features seven (7) two bedroom, one bath apartments, including one duplex and one garden unit, with updated finishes, stainless steel appliances in select units, radiator heat, and coin operated common laundry. Major building systems have been addressed over time, including a radiant steam boiler replacement in 2018, hot water tank in 2023, copper plumbing (except cold water risers), building wide window replacements, plus a new garage constructed in 2020. Residents enjoy convenient access to retail, restaurants, and public transit along Irving Park and Milwaukee. Utilities are investor friendly with separately metered electric and cooking gas paid by tenants, while ownership covers heat and common area utilities. With stable in place income, historically low vacancy, and clear upside via rent optimization, this well maintained asset is ideal for long term investors seeking durable cash flow in a proven Northwest Side location.

Features of 3851 N Laramie Avenue

MLS® # 12698755
Price $1,250,000
Bathrooms 0.00
Acres 0.15
Year Built 1923
Type Commercial Sale
Sub-Type Multi Family 5+
Status Contingent

Community Information

Address 3851 N Laramie Avenue
Area CHI - Portage Park
City Chicago
County Cook
State IL
Zip Code 60641

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Window Unit(s)
Fireplace No
Has Basement No

Exterior

Exterior Brick

Additional Information

Days on Market 2
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeTriton Realty Group LLC

Listing Map

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