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.