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Listed by Harrison Cohenof Triton Realty Group LLC
$1,250,000
Est. payment /mo
7,050 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 7,050 sqft
Price per Sqft $177
MLS Listing ID 12698755
Year Built 1923
Annual Tax Amount $17,731
Tax Year 2024
Lot Size 6,534 Sqft
Lot Dimensions 50X125
Property Sub-Type Multi Family 5+
Property Description
Offered for the first time in nearly four decades, 3851-53 N Laramie / 5155 W Byron is a pride of ownership 7 unit corner masonry building in Portage Park. The building features seven (7) two bedroom, one bath apartments, including one duplex and one garden unit, with updated finishes, stainless steel appliances in select units, radiator heat, and coin operated common laundry. Major building systems have been addressed over time, including a radiant steam boiler replacement in 2018, hot water tank in 2023, copper plumbing (except cold water risers), building wide window replacements, plus a new garage constructed in 2020. Residents enjoy convenient access to retail, restaurants, and public transit along Irving Park and Milwaukee. Utilities are investor friendly with separately metered electric and cooking gas paid by tenants, while ownership covers heat and common area utilities. With stable in place income, historically low vacancy, and clear upside via rent optimization, this well maintained asset is ideal for long term investors seeking durable cash flow in a proven Northwest Side location.
Location
State IL
County Cook
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
View Y/N true
Building
Structure Type Brick
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Joanna Lewkowicz
Designated Managing Broker | Owner | 471.018027 471018027
+1(708) 963-0011 | joanna@boutiquehomerealty.com