1218 N Lamon Avenue
Chicago, IL, 60651
$1,175,000
7 Beds
5 Baths
0 SqFt
0 Acres
Add
Add
$1,175,000
1218 N Lamon Avenue
Chicago, IL, 60651
MLS #MRD12783533 image #0MLS #MRD12783533 image #1MLS #MRD12783533 image #2MLS #MRD12783533 image #3MLS #MRD12783533 image #4MLS #MRD12783533 image #5MLS #MRD12783533 image #6MLS #MRD12783533 image #7MLS #MRD12783533 image #8MLS #MRD12783533 image #9MLS #MRD12783533 image #10MLS #MRD12783533 image #11MLS #MRD12783533 image #12MLS #MRD12783533 image #13MLS #MRD12783533 image #14MLS #MRD12783533 image #15MLS #MRD12783533 image #16MLS #MRD12783533 image #17MLS #MRD12783533 image #18
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!

Property Details

Price:
$1,175,000
MLS #:
MRD12783533
Status:
Active
Beds:
7
Baths:
5
Type:
Commercial
Neighborhood:
chiaustin
Listed Date:
Oct 19, 2026
Year Built:
1919
Chi – AustinChiaustin

Schools

Interior

Cooling
Central Air

Exterior

Construction Materials
Brick
Stories
3

Financial

Maintenance Fee
$1,200
Net Operating Income
$100,214
Tax Year
2025
Taxes
$7,726
Need more info?
Ask a Question
Ready to go see it?
Schedule a Showing

Debra Dobbs is one of Chicago’s top realtors with more than 42 years in the real estate business.

More About Debra

Mortgage Calculator

 

Map

Current real estate data for Commercial in Chicago as of Oct 24, 2026
901
Commercial Listed
182
Avg DOM
$1,016,211
Avg List Price

Community

Subdivisions in Chicago

Similar Listings Nearby

broker reciprocity
MLS# MRD12681126broker reciprocity
2506 N Clybourn Avenue
Chicago, IL

$1,475,000

4.3 miles away

broker reciprocity
MLS# MRD12708406broker reciprocity
1409 W Ohio Street
Chicago, IL

$1,450,000

4.5 miles away

broker reciprocity
MLS# MRD12603088broker reciprocity
1910 W North Avenue
Chicago, IL

$1,449,950

3.8 miles away

broker reciprocity
MLS# MRD12786245broker reciprocity
2675 W Grand Avenue
Chicago, IL

$1,449,000

2.9 miles away

broker reciprocity
MLS# MRD12761705broker reciprocity
838 N WOLCOTT Avenue
Chicago, IL

$1,425,000

3.8 miles away

broker reciprocity
MLS# MRD12634849broker reciprocity
815 N MILWAUKEE Avenue
Chicago, IL

$1,400,000

4.8 miles away

broker reciprocity
MLS# MRD12748590broker reciprocity
2135 W Armitage Avenue
Chicago, IL

$1,400,000

3.6 miles away

broker reciprocity
MLS# MRD12645944broker reciprocity
5444 W Huron Avenue
Chicago, IL

$1,400,000

3.2 miles away

broker reciprocity
MLS# MRD12005588broker reciprocity
3527 N Milwaukee Avenue
Chicago, IL

$1,400,000

3.0 miles away

broker reciprocity
MLS# MRD12655125broker reciprocity
3034 W Montrose Avenue
Chicago, IL

$1,399,000

4.6 miles away

Property Summary

    1218 N Lamon Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60651. It is listed for $1,175,000 To schedule a showing of MLS#mrd12783533 at 1218 N Lamon Avenue in Chicago, IL, contact your Compass | Debra Dobbs | The Dobbs Group agent at 3123074909.
1218 N Lamon Avenue
Chicago, IL