Six-Unit Apartment
For Sale
Contact for pricing
Pending
600 N Laramie Ave, Chicago, IL 60644
Updated kitchens and baths, original hardwood floors, and a two-car garage enhance the property's rental configuration.
Property SizeContact for details
Days on Market143
Property Features for 600 N Laramie Ave
General Information
Standard status
Pending
Total Parking Spaces
2
Property subtype
Multifamily
Units
Unit Mix
3 x 3bd/1ba, 1 x 2bd/1ba, 2 x 1bd/1ba
Multifamily Units
6
Additional Details
Cap Rate
8.22%
Public Transit
Yes
Building Details
Buildings
1
Listing Agency:
Kiser Group
(773) 293-5032
Listed By:
Jack Petrando · License #IL
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 29 at 11:50PM
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 Kiser Group
Investment Insights
Based on property information with market context.
Located at 600 N. Laramie Ave in Chicago’s Austin neighborhood, this six-unit apartment building includes three 3bd/1ba apartments, one 2bd/1ba apartment, and two 1bd/1ba apartments. Each unit offers a spacious living room, formal dining room, updated kitchen and bath, and original hardwood flooring.
Building improvements include furnaces installed in 2020, new windows, water heaters added in 2022, and copper plumbing updates as needed. A two-car garage provides additional income potential. The property is four blocks from the CTA Green Line Laramie stop. The in-place cap rate is 8.22%, with a stated potential cap rate of 10.78% through leasing, management, and rent adjustments.
Building improvements include furnaces installed in 2020, new windows, water heaters added in 2022, and copper plumbing updates as needed. A two-car garage provides additional income potential. The property is four blocks from the CTA Green Line Laramie stop. The in-place cap rate is 8.22%, with a stated potential cap rate of 10.78% through leasing, management, and rent adjustments.
Key Highlights
- Six apartments: three 3bd/1ba, one 2bd/1ba, and two 1bd/1ba units
- Every unit includes a large living room and formal dining room
- Updated kitchens and baths with original hardwood flooring throughout
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,104
Businesses Nearby
Explore this area
Business Placement
Demographics for 60644, IL
47,239
Population
20,619
Households
2.3
Avg Household Size
36
Median Age
11%
College-Educated
85%
High-School Grad
3.5 sq mi
ZIP Area
13,497
Density / Sq Mi
$37,952
Median Household Income
$31,304
Median Earnings
$1,096
Median Rent
$238,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Updated kitchens and baths, original hardwood floors, and a two-car garage enhance the property's rental configuration.
Where is this apartment building located?
The property is located at 600 N Laramie Ave Chicago, IL.
What are key features of this property?
This property features: Six apartments: three 3bd/1ba, one 2bd/1ba, and two 1bd/1ba units; Every unit includes a large living room and formal dining room; Updated kitchens and baths with original hardwood flooring throughout
