Turnkey multi-unit investment property with strong in-place cash flow. The entire building was gut-rehabbed in 2022, including new electrical, new plumbing, new water lines, new gas lines, a new roof, and new windows, offering peace of mind and minimal future capital expenses. The property consists of five residential units plus additional income from laundry and garage parking. All units are currently occupied with long-term tenants, many of whom have renewed multiple times and are likely to continue. Rents reflect the quality of the recent renovation, and supplemental income from laundry and parking further enhances returns. Ideal for investors seeking a stabilized, fully updated asset with reliable income and limited deferred maintenance.
Property Details
Price:
$1,190,000
MLS #:
MRD12560643
Status:
Active
Beds:
9
Baths:
4
Type:
Commercial
Neighborhood:
chibelmontcragin
Listed Date:
Feb 3, 2026
Year Built:
1923
See this Listing
Schools
Interior
Exterior
Construction Materials
Brick
Stories
2
Financial
Maintenance Fee
$1,600
Tax Year
2024
Taxes
$11,077
Map
Community
- Address2159 N Laramie Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60639
Market Summary
Current real estate data for Commercial in Chicago as of May 15, 2026
896
Commercial Listed
190
Avg DOM
$1,025,421
Avg List Price
Property Summary
- 2159 N Laramie Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60639. It is listed for $1,190,000
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Copyright 2026. All rights reserved.
2159 N Laramie Avenue
Chicago, IL


