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Remodeled Brick Quadplex
For Sale
$849,900

2438 N Laramie Avenue, Chicago, IL 60639

Residential Income, Chicago, IL

Property SizeContact for details
Days on Market99

Property Features for 2438 N Laramie Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 8
Bathrooms 4
Full bathrooms 4
Rooms Laundry Room, Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 5, Utility Room, Bedroom 8, Bedroom 6, Bathroom 4, Bathroom 3, Bedroom 2, Basement, Bedroom 7
Parking 3
Parking features Garage, Open
Basement Unfinished, Full
Elementary school district 299
Middle school district 299
High school district 299
Directions Fullerton to Laramie North to property
Subdivision CHI - Belmont Cragin
Standard status Active
APN 13283300380000

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 6330

Utilities

Sewer type Public Sewer
Heating system Forced Air, Natural Gas
Water source Public

Amenities

coin laundry room
large backyard
garage

Building Details

Year built 1931
Building materials Brick
Listing Agency: Equity Market Realty Inc.
Listed By: Sara Abbasi · License #475167105
Added: May 17 Changed: Aug 20 Last Checked: Aug 23 at 8:06AM
MLS# 12650156

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This legal four-unit multifamily property is a brick building constructed in 1931 and comprehensively renovated through a permitted gut rehabilitation. The apartments feature generous proportions and high ceilings, with individual central heating and air conditioning, separate water tanks, copper plumbing, and updated electrical systems. A tear-off roof was installed in 2023.

The property includes a full basement with two exits, a coin-operated laundry room, a large backyard, and a 2.5-car garage with an adjoining side apron. Public water and sewer serve the building, which is zoned MULTI. Tenants are responsible for all utilities except water. Select units are occupied on a month-to-month basis, including arrangements that may accommodate owner occupants. The property is located in Chicago’s Belmont Cragin area.

Key Highlights

  • Legal 4‑unit brick building with permitted gut rehabilitation
  • 2023 tear‑off roof
  • Individual central heat/AC, separate water tanks, copper plumbing, and updated electric

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Acupuncture (Bike/Boat/Book/etc) Store Skin Care Clinic Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

1,552
Businesses Nearby

Demographics for 60639, IL

89,543
Population
28,656
Households
3.1
Avg Household Size
34
Median Age
15%
College-Educated
69%
High-School Grad
5.0 sq mi
ZIP Area
17,909
Density / Sq Mi
$59,710
Median Household Income
$34,846
Median Earnings
$1,212
Median Rent
$289,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Four-unit income property with updated systems, basement laundry, garage parking, and month-to-month tenancy in select units.
Where is this quadplex located?
The property is located at 2438 N Laramie Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Legal 4‑unit brick building with permitted gut rehabilitation; 2023 tear‑off roof; Individual central heat/AC, separate water tanks, copper plumbing, and updated electric
More about this property
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