2159 N Laramie Avenue Chicago, IL ^$ 1,190,000

2159 N Laramie Avenue

^$ 1,190,000

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2159 N Laramie Avenue

Chicago, IL, 60639

^$ 1,190,000

Bedrooms9 Baths0.0

Monthly Estimate*

^$ 7,327

2159 N Laramie Avenue, Chicago, IL 60639 - Image 1

2159 N Laramie Avenue, Chicago, IL 60639 - Image 2

2159 N Laramie Avenue, Chicago, IL 60639 - Image 3

2159 N Laramie Avenue, Chicago, IL 60639 - Image 4

2159 N Laramie Avenue, Chicago, IL 60639 - Image 5

2159 N Laramie Avenue, Chicago, IL 60639 - Image 6

Multi-Family Home for sale in Chicago, IL

for $1,190,000 with 9 bedrooms. This home was built in 1923.

Turnkey multi-unit investment property with strong in-place cash flow. The entire building was gut-rehabbed in 2022, including new electrical, new plumbing, new water lines, new gas lines, a new roof, and new windows, offering peace of mind and minimal future capital expenses. The property consists of five residential units plus additional income from laundry and garage parking. All units are currently occupied with long-term tenants, many of whom have renewed multiple times and are likely to continue. Rents reflect the quality of the recent renovation, and supplemental income from laundry and parking further enhances returns. Ideal for investors seeking a stabilized, fully updated asset with reliable income and limited deferred maintenance.

Multi-Family Active

Price

^$ 1,190,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 11,077

Style

Year Built

1923

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12560643

Features

General

Zoning MULTI

Construction Materials Brick

Year Built 1923

Stories Count 2

Tax Year 2024

Gross Income 131111

County Cook

Net Operating Income 111583

Operating Expense 14284

Insurance Expense 2500

Property Type Commercial Sale Multi Family 5+

MaintenanceExpense 1600

Status Active

Directions on the corner of N Laramie and W Palmer

City Chicago

Number Of Units Total 5

MLS Area CHI - Belmont Cragin

Tax Annual Amount 11077

Electric Expense 600

Fuel Expense 620

Trash Expense 1200

Water Sewer Expense 1200

Additional Parcels Y/N N

Standard Status Active

Exterior

Lot Dimensions 3150

* Excluded Features

List By

Berkshire Hathaway Homeservices Chicago

Broker

huyanfei13@gmail.com

Affordability Calculator

$8,250

Per Month

Monthly Principal & Interest: $7,327
Monthly Property Taxes: $923
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$608,541

Percent of Sale Price 49%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/4/2026	$1,190,000		Listed Price

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2159 N Laramie Avenue, Chicago, IL, 60639 is a Multi-Family Home for sale at $1,190,000. 2159 N Laramie Avenue has 9 bedrooms, 0.0 baths, and was built in 1923. The property's zip code is 60639 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 2/24/2026.

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2159 N Laramie Avenue

Multi-Family Home for sale in Chicago, IL

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