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Completely Remodeled Quadplex Building
For Sale
$849,900

2438 N Laramie Avenue, Chicago, IL 60639

MULTI_FAMILY - Chicago, IL

Property SizeContact for details
Days on Market89

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 Bedroom 7, Laundry Room, Bathroom 4, Utility Room, Bedroom 5, Bathroom 3, Basement, Bedroom 2, Bedroom 4, Bedroom 8, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 6, Bathroom 1
Parking 3
Parking features Open, Garage
Basement Full, Unfinished
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 Natural Gas, Forced Air
Water source Public

Amenities

Coin Laundry room
large backyard

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 1 Last Checked: Aug 12 at 11:06PM
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 is a legal 4-unit brick quadplex with very large apartments and high ceilings. The building was completely remodeled with individual central heat for each unit, separate water tanks for each unit, copper plumbing, and updated electric. A gut rehab was completed with plans and permits, and the property received a new tear-off roof from 2023.

The home includes a large basement with 2 exits, plus a coin laundry room in the basement. There is also a large backyard and a 2.5-car garage with a side apron. Tenants are responsible for all utilities except water.

Built in 1931, the property is set up with natural gas forced-air heating and public water and public sewer. The property is zoned MULTI.

Key Highlights

  • Legal 4‑unit brick quadplex with very large apartments and high ceilings
  • Completely remodeled with individual central heat, separate water tanks per unit
  • 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

Multi-tenant
Tenancy

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
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Frequently Asked Questions

What type of property is this?
Quadplex - Remodeled 4-unit brick quadplex with individual central heat, separate water tanks, and a new tear-off roof from 2023.
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 quadplex with very large apartments and high ceilings; Completely remodeled with individual central heat, separate water tanks per unit; Copper plumbing and updated electric
More about this property
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