2305 S Laramie Ave., Cicero, IL 60804

2305 S Laramie Ave., Cicero, IL 60804
Photo 1 of 20
$135,000
Sold on 8/27/24
Beds Baths Sq. Ft. Taxes Built
6 0.00 0 $4,201.83 1910
On the market: 29 days
View full details, 15 photos, school info, and price history
47,000 TO $49,000 IN RENTS AWAITS THE SAVVY INVESTOR! THIS IS A GUT REHAB PROJECT!! 3 Residential units!! 7 residential beds with 4 bathrooms & 3 kitchens! 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. Owners & I had meeting with Cicero confirming the 3 residential units, the parking variance being grandfathered in! There are NO CREDITS of any kind with this property! ***This building upon remodeled has a solid potential for 10% CAP RATE cash on cash based on area rents!
Listing courtesy of Marcello Navarro, Compass