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Property view

1439-41 N Laramie Avenue, 
Chicago, IL 60651

$540,000


12

Beds


4

Baths


-

Sq Ft


Multi-Family

Sold

Listed by

Elias Masud

Aaron Campbell

Bought with RE/MAX City

Compass

MLS#

12127999

Source:

MLSNI

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About This Home

1439-41 N Laramie Avenue

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.

Home Facts

Multi-Family

4 Baths

12 Bedrooms

Built in 1928

Price Summary

499,999

MLS #:

12127999

Sold:

November 8, 2024


Rooms & Interior

Bedrooms

Total Bedrooms:

12

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4


Structure

Structure

Year Built:

1928


Finances & Disclosures

Finances

Price:

$499,999

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