1218 N Lamon Avenue Chicago, IL $ 1,175,000
1218 N Lamon Avenue
$ 1,175,000
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1218 N Lamon Avenue

Chicago, IL, 60651
$ 1,175,000
Bedrooms7 Baths0.0

Monthly Estimate*

$ 8,115

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Multi-Family Home for sale in Chicago, IL

for $1,175,000 with 7 bedrooms. This home was built in 1919.

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!

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Multi-Family Active

Price

$ 1,175,000

Bedrooms

7

Property Type

Multi-Family

Taxes

$ 7,726

Style

Year Built

1919

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12783533

Features
General
Cooling Central Air
Zoning MULTI
Construction Materials Brick
Year Built 1919
Stories Count 3
Tax Year 2025
Gross Income 10200
County Cook
Net Operating Income 100214
Operating Expense 20936
Insurance Expense 4500
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 1200
Status New
Directions DIVISION TO LAMON NORTH TO PROPERTY
City Chicago
Number Of Units Total 6
MLS Area CHI - Austin
Tax Annual Amount 7726
Electric Expense 540
Fuel Expense 900
Trash Expense 1920
Water Sewer Expense 1800
Additional Parcels Y/N N
Standard Status Active
Cap Rate 8.5
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Interior
Basement Finished
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Exterior
Foundation Details Concrete Perimeter
Lot Dimensions 3718
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* Excluded Features
List By
Urbanitas Inc.

Broker

Carolinacorrea.realtor@gmail.com

Email

Affordability Calculator

$8,759
Per Month
93%
7%
0%
Monthly Principal & Interest
$8,115
Monthly Property Taxes
$644
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/19/2026$1,175,000 Listed Price

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1218 N Lamon Avenue, Chicago, IL, 60651 is a Multi-Family Home for sale at $1,175,000. 1218 N Lamon Avenue has 7 bedrooms, 0.0 baths, and was built in 1919. The property's zip code is 60651 which is in Chicago, IL