This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
$1,215,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
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.
Full Property Details
Full Property Details for 3851 N Laramie Ave
General
- Sold For: $1,215,000
- Taxes: $17,731 (2024)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12698755
- Added to Site: 89 day(s) ago
Location
- Area: CHI - Portage Park
- County: Cook
- Driving Directions: From Six Corners (Cicero/Milwaukee/Irving Park), head west on Irving Park to Laramie, then south on Laramie to Byron; property on northwest corner.
- Location Details: Corner
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Steam, Radiant
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 3
- Square Feet: 7,050
- Current Bldg. Use: Multi-Family
- Year Built: 1923
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 7
- # Dryers: 3
Lot Features
- Lot Size (Acres): 0.15
- Lot Size (Sq. Ft.): 6,250
- Lot Dimensions: 50 x 125
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Operating Expenses: $43,479
- Assessment Year: 1923
- Tax Amount: $17,731.39
- Tax Year: 2024
- Tenant Pays: Electricity, Other
Disclosures and Reports
- Property ID: 13212080010000
Listed by Triton Realty Group LLC
Sold by Triton Realty Group LLC
Get Pre-Approved Today
Schools
Schools serving 3851 N Laramie Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Gray Elementary School 3730 North Laramie Avenue, Chicago, IL 60641 | PK-8 | 0.1 mi |
Schurz High School 3601 North Milwaukee Avenue, Chicago, IL 60641 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3851 N Laramie Ave
Date
Details
Price
Change
Source
9/21/2026
Sold
$1,215,000
-2.8%
MLS
7/08/2026
Listed
$1,250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
3851 N Laramie Avenue, Chicago, IL 60641 (MLS# 12698755) is a Commercial property that was sold at $1,215,000 on September 21, 2026. Want to learn more about 3851 N Laramie Avenue? Do you have questions about finding other Commercial real estate for sale in Portage Park? You can browse all Portage Park real estate or contact a Coldwell Banker agent to request more information.

