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0 Beds

$1,175,000

1218 N Lamon Avenue, Chicago IL, 60651

Built in1919
Property typeMulti-family
Listed by Deisy Correa-Chacon with Urbanitas Inc. 773-803-8550

Overview

Active

New

Listed Oct 19, 2026

Updated 29h ago

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!

$7,817/mo

Est. mortgage payment based on a $1,175,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Other Property Details

Taxes
$7,726
Tax Frequency
Annually
Maintenance Expense
$1,200
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Listed by Deisy Correa-Chacon with Urbanitas Inc. 773-803-8550

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Geoff Brown Team are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

Based on information submitted to the  MLS GRID for MRED 10/21/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. Properties displayed may be listed or sold by various participants in the MLS. Properties displayed may be listed or sold by various participants in the MLS.

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Data is refreshed every 3 hours. Listing last updated 4:23 AM UTC on 10/21/2026. 

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