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Eli Masud

1439-41 N Laramie Avenue

$540,000 1439-41 N Laramie Avenue, Chicago, IL 60651
Exceptional opportunity in Austin: a well-maintained 4-unit multifamily building available now. This investment property boasts long-term tenants and generates immediate rental income. All units are occupied are 3 bedroom/1 bathroom, including one non-conforming in-law unit. The property is sold as-is; buyers should verify details, including the legality of the basement units. Three primary units produce $4,200 monthly, while the fourth unit, currently rented by the owner's relative, could command $1,500 monthly. An in-law unit brings in $800 per month, and an unfinished second in-law unit offers potential for additional income. The property features two sets of coin-operated laundry machines ($300 monthly income), a 5-car garage, and recent updates including a 6-year-old boiler, hot water heater, and new windows. Owner covers heat and water; tenants pay cooking gas and electricity. Enclosed with wrought iron fencing and equipped with a handicap lift off the back deck, this building is perfect for investors looking to build wealth.
  • Sold
    Status
  • 12
    Bedrooms
  • 4
    Bathrooms
  • 1928
    Year Built

Features & Amenities

Area & Lot

  • Status: Sold
  • MLS® ID: 12127999
  • Type: Multi-Family
  • Year Built: 1928
  • School District: 299

Interior

  • Total Bedrooms: 12
  • Total Bathrooms: 4

Exterior & Building

  • Garage Space: 5.0
  • Water Source: Lake Michigan, Public
  • Heat Type: Natural Gas, Radiator(s)
  • Sewer: Public Sewer
  • Other Exterior Features: Deck

Financial

  • Sales Price: $540,000
  • Real Estate Tax: $8,433/yr

1439-41 N Laramie Avenue

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