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2305 S Laramie Avenue Cicero, IL 60804
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Key Details
Sold Price $135,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 12124327
Sold Date 08/27/24
Bedrooms 6
Year Built 1910
Annual Tax Amount $4,201
Tax Year 2022
Lot Dimensions 2550
Property Description
47,000 TO $49,000 IN RENTS AWAITS THE SAVVY INVESTOR! THIS IS A GUT REHAB PROJECT!! 3 Residential units!! 7 residential beds with 4 bathrooms & 3 kitchens! Solid Brick Multi-Unit Building in a great location just 1 block from the Cermak Ave shopping corridor & 2 blocks from the CTA Pink Train Station! The building is being sold "As-Is" and is perfectly suited for a complete gut remodel! Bring your investors and remodelers!! New owner has option to make use front unit as a small storefront with low impact of foot traffic. Owners & I had meeting with Cicero confirming the 3 residential units, the parking variance being grandfathered in! There are NO CREDITS of any kind with this property! ***This building upon remodeled has a solid potential for 10% CAP RATE cash on cash based on area rents!
Location
State IL
County Cook
Rooms
Basement Partial
Interior
Heating Radiant
Fireplace N
Exterior
Waterfront false
View Y/N true
Roof Type Asphalt
Building
Sewer Public Sewer
Water Lake Michigan
New Construction false
Schools
High Schools J Sterling Morton East High Scho
School District 99, 99, 201
Others
Ownership Fee Simple
Special Listing Condition None
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Maximilano DeSantiago • YUB Realty Inc
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