1218 N Lamon AVE, Chicago, IL 60651
1218 N Lamon AVE, Chicago, IL 60651
1218 N Lamon AVE, Chicago, IL 60651
1218 N Lamon AVE, Chicago, IL 60651
1218 N Lamon AVE, Chicago, IL 60651
1218 N Lamon AVE, Chicago, IL 60651
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$ 1,175,000
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$ 1,175,000
Est. payment | /mo
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Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12783533

Maintenance Fees $1,200

Year Built 1919

Annual Tax Amount $7,726

Tax Year 2025

Lot Dimensions 3718

Property Sub-Type Multi Family 5+

Property Description

PRIME INVESTMENT OPPORTUNITY - STRONG RETURNS & IMMEDIATE CASH FLOW! Discover this exceptional, fully occupied 6-unit multifamily property delivering an impressive 8.5 cap rate. Completely renovated approximately 8 years ago, every unit features A/C, in-unit laundry, stainless steel appliances, granite countertops, and elegant marble-look bathroom tile. Fully occupied six-unit building generating strong rental income, with established tenants and consistent occupancy, and attractive financial performance, this property offers investors the opportunity to acquire a stabilized, income-producing asset from day one. Whether you're expanding your portfolio or seeking a high-yield investment, this is an opportunity worth a closer look. Build long-term wealth. Showings available weekdays after 6:00 PM and weekends by appointment only. A minimum of 48 hours' advance notice is required, as the building is fully tenant-occupied. Please do not disturb tenants or knock on any doors. Showings by confirmed appointment only. Schedule your private showing today!

Location

State IL

County Cook

Area Chi - Austin

Zoning MULTI

Rooms

Basement Finished

Interior

Cooling Central Air

Fireplace N

Building

Dwelling Type Multi Family 5+

Structure Type Brick

Midwest Real Estate Data (MRED) IDX
Listed by Deisy Correa-Chacon of  Urbanitas Inc. 

Nearby Locations

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1218 N Lamon AVE