Chicago, IL 60651,1439-41 N Laramie AVE

$540,000

$499,999

8.0%
Est.Price: ?

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Est. payment /mo

12 Beds

4 Baths


SOLD DATE : 11/08/2024

Key Details

Sold Price $540,000

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12127999

Sold Date 11/08/24

Bedrooms 12

Year Built 1928

Annual Tax Amount $8,433

Tax Year 2022

Lot Dimensions 50 X 125

Property Sub-Type Two to Four Units

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

Parking Features Detached

Garage Spaces 5.0

Building

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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Midwest Real Estate Data (MRED) IDX
Listed by Elias Masud • Compass
Bought with Jose Tenezaca • RE/MAX City
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