2305 S Laramie Avenue

Cicero, IL 60804

$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.

This is an Active listing.

Broker Office Phone Number: 773-466-7150

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