3012 N Laramie Ave - Storefront Retail/Residential FOR SALE


Chicago, IL 60641- Cragin
$725,000 USD
312-676-1866
3012 N Laramie Ave, Chicago, IL for Sale
$725,000 USD
Storefront Retail/Residential - FOR SALE
1/6
null | Request Cap Rate

3012 N Laramie Ave
Chicago, IL 60641
Cragin


HIGHLIGHTS

  • Black Iron In Place
  • Spacious Retail Unit
  • Modern Apartments
  • Garage Parking & Drive-In Door
  • 11,600 VPD
  • Owner User Potential | Value Add Opportunity

OVERVIEW

Five-unit mixed-use building consisting of two ground-floor retail spaces and three apartments above. The retail storefronts are currently combined for the use of a single business, but can be seamlessly separated. The retail unit features black iron in the kitchen, open floor plan, a partial basement, and dedicated storage. The three apartments above are all 2-bed 1-bath units, and are occupied by tenants on month-to-month leases. The property also provides three rear parking spaces, including one garage space and two surface spots. Located in Chicago’s Belmont Cragin neighborhood on the city’s northwest side, the property benefits from a dense residential base and an established commercial corridor. The area is characterized by a mix of single-family homes and multifamily buildings, supporting consistent demand for both housing and neighborhood retail. Belmont Cragin is anchored by strong local businesses, service-oriented retail, and steady foot and vehicle traffic along key thoroughfares. The neighborhood also offers access to nearby green space, including Riis Park, contributing to long-term residential stability and tenant retention.

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/SF

$85 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,250 SF

ZONING

B1-1

APN/PARCEL ID

13-28-115-033-0000,13-28-115-034-0000

ASK ABOUT THIS PROPERTY

Samuel SilveiraSVN | Chicago CommercialMore Info
312-676-1866

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Samuel SilveiraSVN | Chicago CommercialMore Info
312-676-1866

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