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!
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
07-29-2024
Listed at $149,999
08-15-2024
Status changed to Under Contract
08-29-2024
Status changed to Closed
08-27-2024
Sold at $135,000
Last Modified 8/29/24 3:39 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.
Broker Reciprocity
Listing provided by Compass
All information provided is deemed reliable but is not guaranteed and should be independently verified.
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.
