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Listed by Deisy Correa-Chaconof Urbanitas Inc.
-
Est. payment /mo
New
1218 N Lamon AVE Chicago, IL 60651
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12783533
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
Zoning MULTI
Rooms
Basement Finished
Interior
Cooling Central Air
Fireplace N
Exterior
View Y/N true
Building
Foundation Concrete Perimeter
Structure Type Brick
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