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Chicago Commercial Building on Laramie
For Sale
Under Contract
$329,000

2840 N Laramie Avenue, Chicago, IL 60641

COMMERCIAL - Chicago, IL

Property Size6,000 SF
Lot Size0.17 Acres
Price / SF$54.83
Days on Market296

Property Features for 2840 N Laramie Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning COMMR
Directions Cicero Ave- west on Diversey Ave. Laramie North to address. Diversey Ave. north to address. Belmont Ave.- south on Laramie Ave. -address.
Subdivision CHI - Belmont Cragin
Standard status Active Under Contract
APN 13281290360000
Size 6,000 SF
Lot size 0.17 Acres

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 20077

Building Details

Year built 1930
Floors in Building 1
Building materials Wood, Brick
Listing Agency: Century 21 Circle · Coldwell Banker Real Estate
Listed By: Mark Ahmad · License #471007186
Added: Oct 9, 2025 Changed: May 13 Last Checked: Jul 31 at 2:06AM
MLS# 12491971

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.

Located in the Belmont Cragin Neighborhood of Chicago, this single-story commercial building offers approximately 6,000 square feet of open space suitable for warehouse, industrial, and office use. Situated on the heavily traveled corridor of Laramie Avenue at Diversey Avenue, the property is zoned COMMR and presents opportunities for various business ventures. The neighborhood is within the Falconer Bungalow Historic District, known for its distinctive bungalow architecture, which may influence the aesthetic and operational aspects of businesses. The building interior requires floor correction and foundation strengthening.

Key Highlights

  • High‑traffic location on Laramie Ave. at Diversey Ave.
  • Approximately 6,000 sq. ft. of large, open space suitable for warehouse/industrial use.
  • Includes office space for various business ventures.

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Law Firm Acupuncture Garden Center Catering Service Nursing Home (Bike/Boat/Book/etc) Store

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

Location Intelligence

Trade Area within ½ mile

2,071
Businesses Nearby
Balanced
Demand for This Use

Demographics for 60641, IL

69,354
Population
27,377
Households
2.5
Avg Household Size
37
Median Age
36%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
17,339
Density / Sq Mi
$81,649
Median Household Income
$46,376
Median Earnings
$1,249
Median Rent
$373,200
Median Home Value

Market

Vacancy Rate% for Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Warehouse - Commercial building in Belmont Cragin neighborhood with warehouse and office space.
Where is this warehouse located?
The property is located at 2840 N Laramie Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: High‑traffic location on Laramie Ave. at Diversey Ave.; Approximately 6,000 sq. ft. of large, open space suitable for warehouse/industrial use.; Includes office space for various business ventures.
More about this property
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