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$1,190,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • Updated 1 day ago
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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.

Full Property Details for 2159 N Laramie Ave

General

  • Price: $1,190,000
  • HOA FEE: $1,600
  • Taxes: $11,077 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12560643
  • Updated: 2/4/2026
  • Added to Site: 2 day(s) ago

Location

  • Area: CHI - Belmont Cragin
  • County: Cook
  • Driving Directions: on the corner of N Laramie and W Palmer

Heating & Cooling

  • Heating Type: Radiant

Utilities

  • Trash: 1200

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Stories/Levels: 2
  • Year Built: 1923
  • Built Before 1978: Yes

Lot Features

  • Lot Dimensions: 3150
  • Zoning: MULTI

Financial Considerations

  • Maint. Fee: $1,600
  • Insurance Fee: $2,500
  • Operating Expenses: $14,284
  • Assessment Year: 1923
  • Tax Amount: $11,077
  • Tax Year: 2024
  • Pays Electric: 600
  • Pays Trash: 1200

Disclosures and Reports

  • Property ID: 13332150010000

Listed by Berkshire Hathaway HomeServices Chicago

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— 2159 N Laramie Ave —

  • Berkshire Hathaway HomeServices Chicago

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 2159 N Laramie Ave

School District:Chicago Public School District 299
NameGradesDistance
Hanson Park Elementary School
5411 West Fullerton Avenue, Chicago, IL 60639
PK-80.4 mi
Foreman High School
3235 North Leclaire Avenue, Chicago, IL 60641
9-121.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2159 N Laramie Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/03/2026
Listed
$1,190,000
5434.88%
MLS
4/09/2019
Sold
$21,500
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 2159 N Laramie Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$6,065
16%
$28,728
—
2022
$5,208
-22%
$28,728
-13%
2021
$6,640
340%
$33,000
387%
2020
$1,509
11%
$6,770
—
2019
$1,361
-79%
$6,770
-79%
2018
$6,378
-14%
$32,270
-6%
2017
$7,418
7%
$34,438
—
2016
$6,901
9%
$34,438
—
2015
$6,314
-4%
$34,438
-3%
2014
$6,567
2%
$35,367
—
2013
$6,437
1%
$35,367
—
2012
$6,351
—
$35,367
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Berkshire Hathaway HomeServices Chicago

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2159 N Laramie Avenue, Chicago, IL 60639 (MLS# 12560643) is a Commercial property. 2159 N Laramie Avenue is currently listed for $1,190,000 and was received on February 03, 2026. Want to learn more about 2159 N Laramie Avenue? Do you have questions about finding other Commercial real estate for sale in Belmont Cragin? You can browse all Belmont Cragin real estate or contact a Coldwell Banker agent to request more information.

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