2517 N Laramie Ave., Chicago, IL 60639

2517 N Laramie Ave., Chicago, IL 60639
Photo 1 of 1
$445,000
Sold on 11/02/20
Beds Baths Sq. Ft. Taxes Built
8 0.00 0 $6,101.80 1960
On the market: 149 days
View full details, 15 photos, school info, and price history
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 Mark Ruda, Coldwell Banker Realty