2305 S LARAMIE AVE
CICERO, IL 60804
$149,999
6 Beds
4 Baths
N/A Sq Ft
Status Active Under Contract
MLS# 12047003
$45k to 48k projected rent roll awaits the savvy investor!!! THIS IS A GUT REHAB PROJECT!! ALL Residential with 3 units! 7 residential beds with 4 bathrooms! 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. ***This building upon remodeled has the Potential for a 9%-10% CAP RATE cash on cash based on area rents! Owners & I had meeting with Cicero confirming the 3 residential units, the parking variance being grandfathered in and the low impact foot traffic office/storefront.
Details for 2305 S LARAMIE AVE
Built in 1910
Radiant
17 Days on website