2950 N Laramie Ave - Apartments FOR SALE


Chicago, IL 60641- Cragin
$1,700,000 USD
773-799-9295
2950 N Laramie Ave, Chicago, IL for Sale
$1,700,000 USD
Apartments - FOR SALE
1/2
null | 8.01% Cap Rate

2950 N Laramie Ave
Chicago, IL 60641
Cragin


HIGHLIGHTS

  • Belmont Cragin Neighborhood
  • Large 1 & 2-Bedroom Apartments
  • 5 Parking Spaces
  • New Boiler 2024
  • Value-Add Opportunity
  • Rental Upside

OVERVIEW

The 12-unit multifamily property located at 2950 N Laramie Avenue in Chicago, IL is currently offered for sale at $1,700,000, presenting a compelling investment opportunity with a cap rate of 8.01%. Situated in a well-established residential neighborhood, the building offers stable income potential and efficient operating performance. The unit mix and location support consistent occupancy, making this asset attractive for investors seeking reliable cash flow. With its competitive pricing and strong return metrics, the property is well-positioned for both seasoned and first-time multifamily investors looking to expand their Chicago portfolio.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$82 USD /SF

# OF UNITS

12

PRICE/UNIT

$141,667

CAP RATE

8.01%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

AIA///12 UNITS///BELMONT CRAGIN

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,199 SF

ZONING

RS-3

APN/PARCEL ID

13-28-121-033-0000

ASK ABOUT THIS PROPERTY

George CassinApartment Investment Advisers, LLCMore Info
773-799-9295

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George CassinApartment Investment Advisers, LLCMore Info
773-799-9295

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