$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
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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
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
For More Information
(312) 528-9200
For more information about 2305 S Laramie, Cicero, IL 60804 contact Corcoran Urban Real Estate.
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Real estate listings held by brokerage firms other than Urban Real Estate are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
