Updated Quadplex With
For Sale
Contact for pricing
Pending
700 N Laramie, Chicago, IL 60644
Four residential units offer renovated kitchens and bathrooms, original hardwood floors, and supplemental garage income.
Property SizeContact for details
Days on Market142
Property Features for 700 N Laramie
General Information
Standard status
Pending
Total Parking Spaces
2
Property subtype
Multifamily
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Cap Rate
8.1%
Public Transit
Yes
Listing Agency:
Kiser Group
Listed By:
Jack Petrando · License #IL
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 12:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kiser Group
Investment Insights
Based on property information with market context.
This four-unit walk-up contains an identical mix of four 2bd/1ba apartments. Each residence includes a front living room, formal dining room, updated kitchen and bath, and original hardwood flooring. Building improvements include new furnaces and water heaters installed in 2021, replacement windows, and copper plumbing updates where needed. A two-car garage provides an additional income component.
The property is located at 700 N. Laramie in Chicago’s Austin neighborhood, four blocks from the CTA Green Line’s Laramie stop. The in-place cap rate is 8.10%, with a 12.13% cash-on-cash return. The source also identifies an achievable 12.13% cap rate and 31.34% cash-on-cash return through improved leasing, management, and alignment of current rents with levels already attained within the building.
The property is located at 700 N. Laramie in Chicago’s Austin neighborhood, four blocks from the CTA Green Line’s Laramie stop. The in-place cap rate is 8.10%, with a 12.13% cash-on-cash return. The source also identifies an achievable 12.13% cap rate and 31.34% cash-on-cash return through improved leasing, management, and alignment of current rents with levels already attained within the building.
Key Highlights
- Four 2bd/1ba units in a walk‑up quadplex
- Two‑car garage contributes additional income
- New furnaces and water heaters installed in 2021
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,056
Businesses Nearby
Explore this area
Business Placement
Demographics for 60644, IL
47,239
Population
20,619
Households
2.3
Avg Household Size
36
Median Age
11%
College-Educated
85%
High-School Grad
3.5 sq mi
ZIP Area
13,497
Density / Sq Mi
$37,952
Median Household Income
$31,304
Median Earnings
$1,096
Median Rent
$238,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units offer renovated kitchens and bathrooms, original hardwood floors, and supplemental garage income.
Where is this quadplex located?
The property is located at 700 N Laramie Chicago, IL.
What are key features of this property?
This property features: Four 2bd/1ba units in a walk‑up quadplex; Two‑car garage contributes additional income; New furnaces and water heaters installed in 2021
