Mixed-Use Building with Retail and
For Sale
$775,000
3012 N Laramie Avenue, Chicago, IL 60641
Mixed-use property featuring retail spaces and residential units in Chicago.
Property SizeContact for details
Days on Market490
Property Features for 3012 N Laramie Avenue
General Information
Standard status
Active
Taxes and HOA fees
Annual Taxes
$9,276
Building Details
Year Built
1930
Listing Agency:
SPERRY VAN NESS
(312) 676-1866
Listed By:
ANGELO LABRIOLA · License #475130926
Source:
Corcoran
Added: Apr 29, 2025
Changed: Mar 16
Last Checked: Aug 30 at 7:13PM
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 SPERRY VAN NESS
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,721
Businesses Nearby
Explore this area
Business Placement
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 Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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.
