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201 N Laramie Ave 7 Unit Apartment Building $775,000 ($110,714/Unit) 10.80% Cap Rate Chicago, IL 60644
Investment Highlights
- Professional Offering Memorandum Available Upon Request
- Stabilized, Cash-Flowing Asset; Investor to Achieve 9.6% Cap Returns on Day One
- 5/8 Units are Occupied by Subsidy Tenants
- Favorable Mix of [1] 1BD/1BA, [4] 2BD/1BA, and [2] 3BD/1BA Units
- Ownership Recently Upgraded Units with New Kitchens, Bathrooms, Floors, and Appliances
- Located Two Blocks from Laramie CTA Green Line Stop
Executive Summary
Nara Realty Advisors is pleased to exclusively market for sale 201 N Laramie Ave, a 7-unit apartment building located in Chicago's Austin neighborhood.
Property Facts
| Price | $775,000 | Building Class | C |
| Price Per Unit | $110,714 | Lot Size | 0.08 AC |
| Sale Type | Investment | Building Size | 6,966 SF |
| Cap Rate | 10.80% | No. Stories | 3 |
| No. Units | 7 | Year Built/Renovated | 1902/2025 |
| Property Type | Multifamily | Parking Ratio | 0.43/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RS-3 | ||
| Price | $775,000 |
| Price Per Unit | $110,714 |
| Sale Type | Investment |
| Cap Rate | 10.80% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 6,966 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1902/2025 |
| Parking Ratio | 0.43/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RS-3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 1,161 |
| 2+1 | 4 | - | - |
| 3+1 | 2 | - | - |
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Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 16-09-406-013-0000 | Improvements Assessment | $37,964 |
| Land Assessment | $4,536 | Total Assessment | $42,500 |
Property Taxes
Parcel Number
16-09-406-013-0000
Land Assessment
$4,536
Improvements Assessment
$37,964
Total Assessment
$42,500
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201 N Laramie Ave