158 N Laramie Avenue
Chicago, IL 60644

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Description

Incredible investment opportunity! This 8-unit property features six spacious residential apartments, each offering 4 bedrooms, 1 bath, and hardwood floors throughout. Two additional commercial units provide extra income potential. With a total proforma gross income of 14,784 per month, this property is a true cash flow generator. Large units, desirable layout, and prime income potential - a must-see for serious investors!

Features

• Property Type: Commercial
• Sub Type: Mixed Use
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60644
• Year Built: 1927
• Stories: 4
• Units: 8 units
• Zoning: MULTI
• # Of Apts: 6
• # Of Stores: 2
• # Of Tenants: 8
• All Sub-Types: Mixed Use
• Approximate Age: Older
• Built Before 1978 (Y/N): Yes
• Cap Rate: 13.6
• Directions: LARAMIE ONE BLOCK N. OF WASHINGTON BLVD. TO PROPERTY.
• Electric: Circuit Breakers
• Electric Expense Source: Owner Projection
• Expense Year: 2024
• Foundation Details: Concrete Perimeter
• Geographic Locale: Chicago West
• Green Supporting Documents: N
• Gross Income: 91200
• Gross Rent Multiplier: 5.6
• Gross Scheduled Income: 177408
• Heat/Ventilation: Forced Air, Gas
• Information: 24-Hr Notice Required
• Lot Size Square Feet: 6300
• Main Type: Commercial Sale
• Operating Expense: 41076
• Original Rental Price: 4
• Other Expense Source: Owner Projection
• Outdoor Parking: 6-12 Spaces
• Rental Price: 4
• Tax Annual Amount: 14676.28
• Tax Year: 2023
• Tenant Pays: Electricity, Heat
• Total Annual Expense Source: Owner Projection
• Total Monthly Income: 14784
• Township: West Chicago
• Trash Expense Source: Owner Projection
• Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Water Available
• Water Expense Source: Owner Projection