1439-41 N Laramie AVE Pending

Chicago,IL 60651

$ 499999

12 Beds

0 Bath

- SqFt


Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 12127999

Bedrooms 12

Year Built 1928

Annual Tax Amount $8,433

Tax Year 2022

Lot Dimensions 50 X 125

Property Description

Exceptional opportunity in Austin: a well-maintained 4-unit multifamily building available now. This investment property boasts long-term tenants and generates immediate rental income. All units are occupied are 3 bedroom/1 bathroom, including one non-conforming in-law unit. The property is sold as-is; buyers should verify details, including the legality of the basement units. Three primary units produce $4,200 monthly, while the fourth unit, currently rented by the owner's relative, could command $1,500 monthly. An in-law unit brings in $800 per month, and an unfinished second in-law unit offers potential for additional income. The property features two sets of coin-operated laundry machines ($300 monthly income), a 5-car garage, and recent updates including a 6-year-old boiler, hot water heater, and new windows. Owner covers heat and water; tenants pay cooking gas and electricity. Enclosed with wrought iron fencing and equipped with a handicap lift off the back deck, this building is perfect for investors looking to build wealth.

Location

State IL

County Cook

Area Chi - Austin

Rooms

Basement Full,Walkout

Interior

Heating Natural Gas,Radiator(s)

Fireplace N

Exterior

Exterior Feature Deck

Garage Detached

Garage Spaces 5.0

Waterfront false

Building

Dwelling Type Two to Four Units

Sewer Public Sewer

Water Lake Michigan,Public

New Construction false

Schools

School District 299 ,299, 299

Others

Ownership Fee Simple

Special Listing Condition None

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