5-Unit Gut-Renovated Apartment
2159 N Laramie Avenue, Chicago, IL 60639
For Sale
$1,190,000
Five occupied apartments provide ongoing rental operations, with laundry generating additional income.
Property SizeContact for details
Days on Market281
Property Features for 2159 N Laramie Avenue
General Information
Standard status
Property subtype
Occupancy
Site & Location
Neighborhood
Additional Details
Cap Rate
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Year Renovated
Listing Agency:
Berkshire Hathaway HomeServices Chicago
(312) 646-9084
Listed By:
Fei Martin
(773) 482-1917
Source:
Meridianchicago
Added: Feb 3
Changed: Nov 8
Last Checked: Nov 10 at 7:24AM
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 Berkshire Hathaway HomeServices Chicago
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Investment Insights
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This five-unit apartment building underwent a full gut renovation in 2022. Work included electrical and plumbing systems, water and gas lines, the roof, flooring, walls, kitchens, bathrooms, and appliances. The property was built in 1923.
All five apartments are occupied by long-term tenants, and laundry provides an additional income stream. The building combines a renovated interior and major building systems with an established residential rental operation.
All five apartments are occupied by long-term tenants, and laundry provides an additional income stream. The building combines a renovated interior and major building systems with an established residential rental operation.
Key Highlights
- Five apartments, all occupied by long‑term tenants
- Full gut renovation completed in 2022
- Renovation covered electrical, plumbing, water and gas lines, roof, flooring, walls, kitchens, bathrooms, and appliances
Property Analytics
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Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,312
Businesses Nearby
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Business Placement
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
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Market
Properties on Market for Apartment buildings in Chicago
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Five occupied apartments provide ongoing rental operations, with laundry generating additional income.
Where is this apartment building located?
The property is located at 2159 N Laramie Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: Five apartments, all occupied by long‑term tenants; Full gut renovation completed in 2022; Renovation covered electrical, plumbing, water and gas lines, roof, flooring, walls, kitchens, bathrooms, and appliances
