1439-41 N Laramie AVE Pending Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60651
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 12127999
Bedrooms 12
Year Built 1928
Annual Tax Amount $8,433
Tax Year 2022
Property Description
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.
Location
State IL
County Cook
Area Chi - Austin
Interior
Heating Natural Gas,Radiator(s)
Exterior
Exterior Feature Deck
Garage Detached
Garage Spaces 5.0
Waterfront false
Building
Dwelling Type Two to Four Units
Sewer Public Sewer
Water Lake Michigan,Public
New Construction false
Schools
School District 299 ,299, 299
Others
Special Listing Condition None