3851-53 N. Laramie | 5155 W. Byron

3851-3853 N. Laramie Ave., Chicago, IL 60641

Property Information

  • For Sale $1,250,000
  • Property Type Multi-Family
  • Property Size 8,100 SF
  • Units 7
  • Lot Size 0.15 Acre
  • Year Built 1923
  • Date Updated Jul 6, 2026

Description

Situated within Chicago’s Northwest Side, 3851-3853 N. Laramie Ave. presents investors with an exceptional footprint in a stable, high-barrier-to-entry residential enclave. Characterized by its classic Chicago bungalow architecture and deep-rooted community spirit, Portage Park successfully balances quiet neighborhood tranquility with dense commercial momentum. The property is ideally positioned to capture consistent, long-term renter demand from a diverse demographic base looking for premier urban connectivity without sacrificing a community-focused lifestyle. The neighborhood’s primary commercial corridors—most notably the historic Six Corners intersection—are experiencing an institutional-grade transformation that heavily drives local appreciation. Hundreds of millions of dollars in recent transit-oriented investments have repositioned the submarket, bringing in brand-new luxury residential density, modern medical infrastructure, and premier national retail anchors. This sweeping revitalization has infused the area with a fresh economic vitality, replacing older retail vacancies with a dynamic mix of national grocery options, independent boutiques, and trendy local eateries that cater to evolving consumer tastes.Introducing an exceptional investment opportunity in the Chicago area. This impressive property at 5155 W Byron St, Chicago, IL, 60641, features a 7,050 SF building with 7 units, offering a compelling investment proposition for Multifamily / Low-Rise/Garden investors. Zoned RS-3 and currently at 100% occupancy, this property presents a rare chance to acquire a well-maintained and income-generating asset in a prime location. With its strong rental history and desirable unit mix, this property is poised to provide a solid return on investment and long-term value. Embrace this chance to add a high-performing asset to your portfolio in the dynamic Chicago market.

Highlights

  • 100% occupancy
  • 7 units
  • 8,100 SF building
  • Built in 1923
  • Chicago location
  • Zoned RS-3 | ADU Area 1, 2

Contacts

Location

Located at 3851-3853 N. Laramie Ave., Chicago, IL 60641, this property is part of the Portage Park neighborhood and Chicago market.

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