Commercial: Multi Family 5+ - MLS# 12560643
Tools & Resources:
Description
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.
Features
- Property Type: Commercial
- Sub Type: Multi Family 5+
- Listing Status: Active
- County/Area: Cook County
- Zip Code: 60639
- Year Built: 1923
- Stories: 2
- Units: 5 units
- Zoning: MULTI
- Approximate Age: New Rehab
- Built Before 1978 (Y/N): Yes
- Construction Materials: Brick
- Directions: on the corner of N Laramie and W Palmer
- Electric Expense: 600
- Fuel Expense: 620
- Gross Income: 131111
- Gross Rent Multiplier: 8.8
- Gross Scheduled Income: 138012
- Heat/Ventilation: Radiant
- Information: 24-Hr Notice Required
- Insurance Expense: 2500
- Main Type: Commercial Sale
- Maintenance Expense: 1600
- Operating Expense: 14284
- Tax Annual Amount: 11077
- Tax Year: 2024
- Total Monthly Income: 11100
- Trash Expense: 1200
- Water Sewer Expense: 1200
©2026, Midwest Real Estate Data (MRED). All rights reserved.