4241 N Laramie Ave

4241 N Laramie Ave, Chicago, IL 60641

  • For Sale $895,000
  • Property Type Multi-Family
  • Property Size 3,304 SF
  • Units 4
  • Lot Size 0.09 Acre
  • Year Built 1922
  • Date Updated Jan 29, 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

Contacts

broker

Essex Three-Twelve

Location

Getting Around

  • Walk Score ®

    86/100 Very Walkable
  • Transit Score ®

    65/100 Good Transit
  • Bike Score ®

    68/100 Bikeable
Powered by Walk Score ®
  • 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

  • Johnny's Hot Dog Express

    0.21 miles

  • Bacci Pizzeria

    0.22 miles

  • Simon Tacos

    0.25 miles

  • Dunkin'

    0.27 miles

  • Frank's Shrimp House

    0.38 miles

  • Burger King

    0.41 miles

  • Subway

    0.44 miles

  • Las Tablas

    0.45 miles

  • Culver's

    0.45 miles

  • Tata's Tacos

    0.47 miles

  • Portage Park Elementary School

    0.20 miles

  • Our Lady of Victory School

    0.27 miles

  • Saint John School

    0.31 miles

  • Vaughn Occupational High School

    0.39 miles

  • William P. Gray School

    0.62 miles

  • Hyman Rickover Naval Academy

    0.70 miles

  • Northwestern College

    0.74 miles

  • Portage Park Day Nursery

    0.85 miles

  • Saint Bartholomew School

    0.89 miles

  • Beaubien Elementary School

    0.96 miles

  • Happy Kids Preschool & Daycare Center

    0.87 miles

  • Kinder Academy Daycare

    1.03 miles

  • Little Scholars Learning Center

    1.22 miles

  • Pinocchio Child Care

    1.27 miles

  • Promiseland Learning Center

    1.29 miles

  • Care-A-Lot Early Learning Center

    1.87 miles

  • School For The Young Years

    2.34 miles

  • Rainbow School Daycare

    2.44 miles

  • Sunflower Early Learning Academy

    2.74 miles

  • Little Nest Care

    2.76 miles

Frequently Asked Questions

How much does 4241 N Laramie Ave cost?

The space currently listed for sale at 4241 N Laramie Ave asks for $895,000.

What is the total square footage of 4241 N Laramie Ave?

4241 N Laramie Ave totals 3,304 square feet.

When was this property built?

4241 N Laramie Ave was built in 1922.

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Contact Listing Broker
broker

Essex Three-Twelve

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