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3851-3853 N. Laramie Ave.
Chicago, IL 60641
Asking Price
$1.25M
Cap Rate
5.71%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 7 Units | 7.85% Pro Forma CAP <ul><li><strong>Efficient Two-Bedroom Unit Mix:</strong> All seven units are spacious 2Bd/1Ba layouts—including one duplex and one garden unit—creating a highly leasable and easy-to-underwrite unit mix</li><li><strong>Updated Interiors and Tenant Amenities:</strong> Units feature updated finishes with stainless steel appliances in select apartments, radiator heat, window A/C, coin-operated common laundry, and three rear garage parking spaces that enhance tenant appeal</li><li><strong>Prime
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NOI
$80,000
Cap Rate
6.40%
DSCR
1.08
Tight
Cash-on-Cash
1.54%
Monthly Payment
$6,184.318
Annual Cash Flow
$5,788.184
