2305 S Laramie Avenue Cicero, IL 60804
$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 TypeMulti-Family
- NeighborhoodN/A
- CountyCook
- Taxes$4,201
- HOA/Condo/Coop Fees$0
- Days on Site16 Days
- MLS StatusActive Under Contract
- MLS ID Number12047003
- Home Size Source N/A
- Year Built1910
- Lot Size Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Spaces 0
- Sewer Public Sewer
- Basement Partial
- Property Sub Type Multi Family
- General Information None
- Rooms Total 15
- Lot Size Less Than .25 Acre
- Water Lake Michigan
- Parking Total 0
Interior Features
- Heating Radiant
Exterior Features
- Roof Asphalt
- Waterfront Property No
Community Features
- Township Cicero
- MLS Area Cicero