3012 N Laramie Avenue, Chicago, IL 60641

Building Details

Year Built

1930

Listing agent ANGELO LABRIOLA License #475130926

Listing office SPERRY VAN NESS a***@svn.com Show Phone

Listing date Apr 29, 2025

Source Corcoran

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Overview

This mixed-use building comprises a total of 5 units, featuring two retail spaces on the ground floor and 3 residential units on the upper levels. The retail units, currently occupied by a single bakery tenant since 1986, can be separated. Zoned B1-1, the retail spaces include black iron, a partial basement, and ample storage, benefiting from high foot traffic suitable for retail businesses. The property also features 3 residential units above the retail space, each containing 2 bedrooms and 1 bathroom. At the rear of the property, there are 3 parking spaces, including 1 garage spot and two pad parking spaces. All leases are month-to-month and below market rate, presenting a value-add opportunity for investors or owner-users to enhance their portfolio with a cash-flowing property.

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Chicago

County

Cook

State

Illinois

Longitude

-87.7569

Latitude

41.9355

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FAQs

What type of property is this?

Mixed-use property - Mixed-use property featuring retail spaces and residential units in Chicago.

Where is this mixed-use property located?

The property is located at 3012 N Laramie Avenue Chicago, IL.

What is the asking price?

The asking price for this property is $775,000.

What are key features of this property?

This property features: Mixed‑use building offers diverse income streams with 2 retail spaces and 3 residential units.; Value‑add opportunity with month‑to‑month leases currently below market rate.; High foot traffic in a B1‑1 zoned area, ideal for retail businesses.