Listing provided courtesy of Berkshire Hathaway HomeServices ChicagoMREDas Distributed by MLSGrid- MLS# 12560643
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Request Info2159 N Laramie AvenueChicago, IL 60639
Commercial · 9 Beds$1,190,000
Active
2159 N Laramie Avenue Overview
- Time on Site:
- 146 days
- Visits:
- 10
Turnkey multi-unit investment property with strong in-place cash flow. The entire building was gut-rehabbed in 2022, including new electrical, new plumbing, new water lines, new gas lines, a new roof, and new windows, offering peace of mind and minimal future capital expenses. The property consists of five residential units plus additional income from laundry and garage parking. All units are currently occupied with long-term tenants, many of whom have renewed multiple times and are likely to continue. Rents reflect the quality of the recent renovation, and supplemental income from laundry and parking further enhances returns. Ideal for investors seeking a stabilized, fully updated asset with reliable income and limited deferred maintenance.
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2159 N Laramie Avenue Facts & Features
- Type Commercial
Details
General
Income/Expenses
- Other Expense: 0
- Electric Expense: 600
- Fuel Expense: 620
- Gross Income: 131111
- Gross Scheduled Income: 138012
- Insurance Expense: 2500
- Maintenance Expense: 1600
- Net Operating Income: 111583
- Operating Expense: 14284
- Trash Expense: 1200
- Water Sewer Expense: 1200
Building Information
- Year Built: 1923
Location/Region
- County Or Parish: Cook
- MLS Area Major: CHI - Belmont Cragin
Tax Information
- Tax Annual Amount: $11,077.00
- Tax Year: 2024
General Information
- Parcel Number: 13332150010000
- Property Type: Commercial Sale
- Zoning: MULTI
Interior
General Information
- Stories: 2
Exterior
Lot Information
- Additional Parcels: No
- Lot Size Dimensions: 3150
Building Exterior/Construction
- Construction Materials: Brick
General Information
- Number Of Units Total: 5
Unit Information
Unit 1 Details
- Unit Type: Unit 1
- Beds Total: 4
- Baths Total: 2
- Units Total: 1
Unit 2 Details
- Unit Type: Unit 2
- Beds Total: 3
- Baths Total: 1
- Units Total: 3
Unit 3 Details
- Unit Type: Unit 3
- Beds Total: 2
- Baths Total: 1
- Units Total: 1
Unit 4 Details
- Unit Type: Unit 4
- Beds Total: 0
- Units Total: 0
Unit 5 Details
- Unit Type: Unit 5
- Beds Total: 0
- Units Total: 0
Unit 6 Details
- Unit Type: Unit 6
- Beds Total: 0
- Units Total: 0
Unit 7 Details
- Unit Type: Unit 7
- Beds Total: 0
- Units Total: 0
2159 N Laramie Avenue Neighborhood
Community
60639 (Chicago) Demographics
35
Median Age
18,147
Population Density (per sq. mile)
20%
College Educated
$51,810
Estimated Median Income
12,979
Estimated Total Home Owners
12,828
Estimated Total Renters
50% / 50%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.2159 N Laramie Avenue Monthly Cost
2159 N Laramie Avenue Market Data
Based on the last 30 days in this zip code
$498,405
Average List Price
$257
Average Price per Square Foot
14
Properties Sold
54
Average Days on Market
35
Properties for Sale
2159 N Laramie Avenue History
| Date | Value | Agent |
|---|---|---|
| 2/8/2026Source: MRED | Active |
Yanfei Martin Listing Agent |
| 2/3/2026Source: MRED | February 03, 2026 |
Yanfei Martin Listing Agent |