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2159 Laramie Avenue

Chicago, IL 60639
$1,190,000
0beds
0baths
sqft
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About this home

Turnkey multi-unit investment property with strong in-place cash flow. The entire building was gut-rehabbed in 2022, including new electrical, new plumbing, new water lines, new gas lines, a new roof, and new windows, offering peace of mind and minimal future capital expenses. The property consists of five residential units plus additional income from laundry and garage parking. All units are currently occupied with long-term tenants, many of whom have renewed multiple times and are likely to continue. Rents reflect the quality of the recent renovation, and supplemental income from laundry and parking further enhances returns. Ideal for investors seeking a stabilized, fully updated asset with reliable income and limited deferred maintenance.
MLS Description — as provided by the listing brokerage.

The facts

Property typeCommercial Sale
Year built1923
Lot size
Annual tax$11,077
CountyCook
MLS #MRD12560643
Days on market82

Features

Construction
Brick
Listed by
Berkshire Hathaway HomeServices Chicago
Fei Martin · 312-646-9084

Listing courtesy of mred MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of 4/25/2026, 4:43:33 PM. All data should be independently verified.

$1,190,000
0 bd · 0 ba
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