Corcoran Urban Real Estate
$0 to $5,000,000
Any Beds
Any Baths
For Sale
13 Properties Within 0.5 miles of: 2305 S Laramie, Cicero
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2305 S Laramie
Cicero, IL 60804

  • 6 Beds
  • Built In 1910
Price

$149,999

Est Payment
$1,144 / month (details)  
Taxes
$4,202  
Beds
6  
Rooms
15  
Type
Two to Four Units  
Sq. Ft.
n/a  
Lot Size
2550  
Built
1910  
Neighborhood
Cicero  
MLS
#12047003
Status
Contingent

Property Description

$45k to 48k projected rent roll awaits the savvy investor!!! THIS IS A GUT REHAB PROJECT!! ALL Residential with 3 units! 7 residential beds with 4 bathrooms! 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. ***This building upon remodeled has the Potential for a 9%-10% CAP RATE cash on cash based on area rents! Owners & I had meeting with Cicero confirming the 3 residential units, the parking variance being grandfathered in and the low impact foot traffic office/storefront.

Property Map

Property Details

Utilities

  • Heating Radiant
  • Cooling
  • Water Lake Michigan
  • Sewer Public Sewer

Additional Information

Parking
Parking not included in price
Schools
J Sterling Morton East High Scho (201), District 99

Payment Calculator

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Principal & Interest
$0
Property Tax
$0
Assessments
$0
Home Insurance
$0
Mortgage Insurance
$0

Listing History

05-03-2024 Listed at $149,999
05-09-2024 Status changed to Under Contract
Last Modified 5/9/24 6:02 PM

Nearby Transportation

  • Bus 60 0.1 mi
  • Bus 21 0.1 mi
  • Bus 54B 0.5 mi
  • Bus 54 0.5 mi
  • Bus 35 0.5 mi
  • Bus 18 0.8 mi
  • Bus 12 1.1 mi
  • Burlington Northern 0.5 mi
  • Pink Line 0.2 mi
  • I 290 East 1.5 mi
  • I 290 West 1.6 mi
  • I 55 South 2.2 mi
  • I 55 North 2.3 mi
  • Hwy 171 South 5.0 mi
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