Masonry Multifamily Corner
3851 N Laramie Avenue Chicago, IL 60641
For Sale
$1,250,000
Seven two-bedroom units in a corner masonry building with coin laundry, radiator heat, and updated building systems.
Days on Market16
Property Features for 3851 N Laramie Avenue
General Information
- Standard status
- Active
- Property subtype
- Commercial
Building Details
- Year Built
- 1923
Listing Agency:
Triton Realty Group LLC
(312) 788-9379
Listed By:
Harrison Cohen · License #475177887
(312) 788-9379
Source:
Birdrealtysells
Added: Jul 8
Changed: Jul 20
Last Checked: Jul 23 at 6:15AM
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 Triton Realty Group LLC
Investment Insights
Based on property information with market context.
Offered for the first time in nearly four decades, 3851–53 N Laramie / 5155 W Byron is a pride-of-ownership, 7-unit corner masonry building in Portage Park. The property includes seven two-bedroom, one-bath apartments, comprising one duplex and one garden unit. Apartments feature updated finishes, and select units include stainless steel appliances. The building is equipped with radiator heat and offers coin-operated common laundry.
Major systems have been addressed over time, including a radiant steam boiler replacement in 2018, a hot water tank replacement in 2023, and copper plumbing with the exception of cold water risers. Building-wide window replacements have also been completed, and a new garage was constructed in 2020. Residents benefit from convenient access to retail, restaurants, and public transit along Irving Park and Milwaukee.
Utilities are investor friendly with separately metered electric and cooking gas paid by tenants, while the owner covers heat and common area utilities. The building also includes a stable, in-place rental setup with historically low vacancy, as described in the offering remarks.
Major systems have been addressed over time, including a radiant steam boiler replacement in 2018, a hot water tank replacement in 2023, and copper plumbing with the exception of cold water risers. Building-wide window replacements have also been completed, and a new garage was constructed in 2020. Residents benefit from convenient access to retail, restaurants, and public transit along Irving Park and Milwaukee.
Utilities are investor friendly with separately metered electric and cooking gas paid by tenants, while the owner covers heat and common area utilities. The building also includes a stable, in-place rental setup with historically low vacancy, as described in the offering remarks.
Key Highlights
- 1923 corner masonry building with 7 two‑bedroom, 1‑bath apartments in Portage Park
- Unit mix includes 1 duplex and 1 garden unit; remaining apartments are 2‑bedroom units
- Investor‑friendly utilities: separately metered electric and cooking gas paid by tenants; owner covers heat and common area utilities
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Seven two-bedroom units in a corner masonry building with coin laundry, radiator heat, and updated building systems.
Where is this apartment building located?
The property is located at 3851 N Laramie Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 1923 corner masonry building with 7 two‑bedroom, 1‑bath apartments in Portage Park; Unit mix includes 1 duplex and 1 garden unit; remaining apartments are 2‑bedroom units; Investor‑friendly utilities: separately metered electric and cooking gas paid by tenants; owner covers heat and common area utilities
