2517 N Laramie Ave.

2517 N Laramie Ave., Chicago, IL 60639

Sold for $445,000 on 11/02/20


Beds Baths Built Sq.Ft. Garage Taxes On Market
8 1960 2 $6,102 1801 days

Armchair investment is waiting for you. Upper floors include 3-bedroom units. Garden unit is a 2-bedroom. Live in one, let the other two pay the mortgage. Updates have been made throughout. Property has been maintained well by longtime owners. Rents could be higher ($500 a month?) to improve already strong cash flow. Building already generating 7.1% cap rate, 13.8% cash-on-cash return. Tenants pay heat, gas and electric. Amenities include two-car garage, laundry, back yard. Roof is approximately seven years old. Excellent access to public transportation.

Listing courtesy of Coldwell Banker Realty


Marco Amidei
Marco Amidei
(888) 32-Marco (847) 630-4886
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