1439-41 North Laramie, Chicago IL 60651
$499,999

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Property Description

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.

Features & Information

Key Details

  • List Price $499,999
  • Property Taxes $8,433
  • Price/ Sq. Ft. Unavailable
  • Year Built 1928
  • Parking Type Garage
  • Status Pending

Rooms

  • Total Rooms 23
  • Basement F

Exterior Features

  • Parking

  • Parking Details Garage
  • # of Cars:  5
  • # of Garage Spaces:  Garage Door Opener(s),Transmitter(s)

Building Information

  • Number of Units 4
  • Age of Building 91-100 Years
  • Exterior Construction Brick
  • Heating & Cooling Gas, Radiators
  • Units

  • Unit 1 None
  • Unit 2 None
  • Unit 3 None
  • Unit 4 None

Location

  • County Cook
  • Township West Chicago
  • Corporate Limits Chicago
  • Directions to Property Central To Division To Laramie
  • Schools

  • Elementary School District 299
  • Junior High District 299
  • High School District: 299
  • Property Taxes

  • Tax 8433
  • Tax Year 2022
  • Parcel Identification Number 16042060050000

Utilities

  • Sewer Sewer-Publ

Listed by Elias Masud for Compass | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 11/7/2024 2:32 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Explore North Austin

A diverse neighborhood of wide streets and single-family homes, North Austin is anchored by beautifully landscaped parks and recreation facilities. Long rows of brick bungalows and wood-frame houses epitomize North Austin, which has a limited amount of commercial business and nightlife. Instead, this west side Chicago community loves its tranquility and undeveloped nature. Public parks and playlots cover acres of neighborhood land with greenery, athletic fields, tennis and volleyball courts, jogging and walking paths, playground equipment and even an outdoor swimming pool. The indoor park facilities provide North Austin residents with gyms, meeting rooms and an auditorium.

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