4241 N Laramie Ave

For Sale

4241 N Laramie Ave, Chicago, IL 60641

This Chicago property for sale is located at 4241 N Laramie Ave. The current listed sale price for 4241 N Laramie Ave is $835,000. 4241 N Laramie Ave is situated on a lot that is 0.09 acre in size.

Contacts

broker
Chris Van Dinther

Essex Three-Twelve

Property Details

  • Property Type Multi-Family
  • Property Size 3,304 SF
  • Units 4
  • Lot Size 0.09 Acre
  • Year Built 1922
  • Date Updated Feb 19, 2025
Portage Park is located on the northwest side of the City of Chicago situated between Jefferson Park and Forest Glen to the north, Dunning to the west, Irving Park to the east, and Belmont-Cragin to the south. Known for its 36-acre, namesake park, that hosted the 1959 Pan-American Games and the 1972 US Olympic swimming trials, Portage Park is also famous for the Six Corners retail corridor. Six corners refers to the intersection of Irving Park, Cicero Avenue, and Milwaukee Avenue and is home to many local European influenced boutiques and stores in addition to the Portage Park & Patio Theaters.Essex 312, LLC has been exclusively engaged to market for sale 4241 N. Laramie Avenue, located in the heart of Portage Park. This property is a standout opportunity for investors seeking a blend of steady cash flow and long-term value appreciation. With its strong rental base, upside potential, and strategic location, it is an excellent addition to any real estate portfolio. The property consists of four legal 2-bedroom, 1-bath units, complemented by a non-conforming garden unit for additional income potential. All of the apartments consist of hardwood floors, laminate countertops, mix of white/stainless steel appliances and an individual surface parking spot. All units have boiler heat (with the exception of unit 2N which has individual HVAC). Three of the units also include an enclosed porch. With strong existing rental income and room for value-add improvements, this asset presents a compelling case for both seasoned and firsttime investors seeking high returns. The property is located just north of Irving Park Road west of Milwaukee Ave. and is conveniently located one mile from both the Montrose Blue Line and multiple bus routes. 4241 N Laramie sits in a prime and highly walkable location with easy access to a variety of restaurants bars and entertainment near the famous Six Corners.
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Highlights

  • 4 unit brick building + 1 non-conforming garden unit
  • (5) 2 bed / 1 bath
  • 20% rental upside
  • Walking distance to Six Corners and Blue Line

Getting around

  • 86/100

    Walk Score ®

  • 65/100

    Transit Score ®

  • 68/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Chicago, IL
  • Neighborhood Portage Park
  • Zip Code 60641
  • Market Chicago

Points of Interest

  • Forest Glen

    1.40 miles

  • Irving Park

    1.49 miles

  • Belmont

    2.66 miles

  • Logan Square

    3.04 miles

  • Norwood Park

    3.15 miles

  • Elmwood Park

    3.75 miles

  • California

    3.98 miles

  • Damen

    4.05 miles

  • Montrose

    4.23 miles

  • Addison

    4.31 miles

  • Citgo

    0.28 miles

  • Shell

    0.32 miles

  • Mobil

    0.54 miles

  • BP

    0.68 miles

  • Tesla Supercharger

    3.53 miles

  • eVgo

    3.64 miles

  • Blink

    3.83 miles

  • Soofa Solar Phone Charger

    4.11 miles

  • ChargePoint

    4.22 miles

  • Tesla Destination Charger

    4.23 miles

  • Community First Health Center Parking Garage

    1.01 miles

  • Belmont Central Parking

    1.49 miles

  • Lot D

    1.64 miles

  • Lot C

    1.69 miles

  • Lot B

    1.70 miles

  • Lot A

    1.73 miles

  • Addison Crash Investigation Site

    2.03 miles

  • Dunning Read Natural Area Parking

    2.07 miles

  • Kimball Park & Ride

    2.41 miles

  • St. Priscilla's Church parking

    2.45 miles

  • Irving Hotel - SRO

    0.54 miles

  • LP Motel

    2.58 miles

  • Esquire Motel

    2.72 miles

  • Fullerton Hotel

    2.87 miles

  • North Park Inn

    3.33 miles

  • River Park Motel & Suites

    3.35 miles

  • Rio Motel

    3.35 miles

  • Rodeway Inn

    3.40 miles

  • Diplomat Motel

    3.55 miles

  • Summit Motel

    3.59 miles

  • Target

    0.62 miles

  • Ross

    0.63 miles

  • dd's Discounts

    0.65 miles

  • Jewel-Osco

    0.66 miles

  • Marshalls

    0.76 miles

  • Supermarket Martins

    0.85 miles

  • La Bodega - Food Market

    0.92 miles

  • Seafood City

    1.18 miles

  • Carniceria Jimenez

    1.34 miles

  • Cermak Fresh Market

    1.37 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Chris Van Dinther

Essex Three-Twelve

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