2455 N Laramie Ave - Apartments FOR SALE


Chicago, IL 60639- Cragin
$1,250,000 USD
773-293-5023
2455 N Laramie Ave, Chicago, IL for Sale
$1,250,000 USD
Apartments - FOR SALE
1/1
null | 5.11% Cap Rate

2455 N Laramie Ave
Chicago, IL 60639
Cragin


OVERVIEW

Kiser Group is pleased to present 2455 N. Laramie Ave, a value-add 12-unit apartment building located on Chicago’s Northwest Side. The Property features a desirable and efficient unit mix of two (2) 2Bd/1Ba units and ten (10) 1Bd/1Ba units, all offering spacious layouts with dated but well-maintained interior finishes, providing a clear runway for modernization. The building is centrally heated by a boiler system and serviced by one hot water tank for all tenants. Building plumbing consists of a mix of copper and galvanized. Tenants are responsible for their own cooking gas and electric utilities. 2455 N. Laramie Ave represents a compelling value-add investment for a new owner. Through unit renovations, mechanical upgrades, and improved management, an investor can unlock significant upside and achieve a nearly 9.0% cap rate upon stabilization. This asset is well-positioned for investors seeking strong yield potential in a supply-constrained Chicago submarket.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$138 USD /SF

# OF UNITS

12

PRICE/UNIT

$104,167

CAP RATE

5.11%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,126 SF

ZONING

B4-1, Cook

APN/PARCEL ID

13-28-424-001-0000

ASK ABOUT THIS PROPERTY

Joe BianchiKiser GroupMore Info
773-293-5023

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Joe BianchiKiser GroupMore Info
773-293-5023

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.