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Property Description

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.

Features & Information

Key Details

List Price $1,190,000
Property Taxes $11,077
Price/ Sq. Ft. Unavailable
Year Built 1923
Status Active

Building Information

Age of Building New Rehab
Heating & Cooling Radiant

Location

County Cook
Directions to Property On The Corner Of N Laramie And W Palmer

Property Taxes
Tax 11077
Parcel Identification Number 13332150010000

Listed by: Berkshire Hathaway HomeServices Chicago | Phone: 312.944.8900
Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 3/12/2026 10:32 PM. 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 Craigin

A Chicago community spawned from a burst of manufacturing and industry, Cragin is transforming into a family-friendly residential neighborhood with modest homes, landscaped yards and tree-filled parks. On the dining front is a throng of different cuisines. Get your pizza and burrito fix on the same street, or pop in for a Polish sausage or Asian noodle dish a few doors down from each other. Cragin's nightlife is limited to a few neighborhood watering holes, but that seems to be enough to satisfy the local clientele. Regulars like to gather at the Polish bars which you can't miss with names like Rzeszowska Club and Stokrotka Lounge. Cragin's Polish heritage is seen throughout the community in the independent booksellers, video stores, bakeries and gift shops.

Read More About Cragin...

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