6-Unit Multifamily
1218 N Lamon Avenue, Chicago, IL 60651
For Sale
$1,175,000
Apartments include air conditioning, private laundry, stainless steel appliances, and granite countertops.
Property SizeContact for details
Days on Market22
Property Features for 1218 N Lamon Avenue
General Information
Standard status
Property subtype
Occupancy
Additional Details
Cap Rate
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
A/C
in-unit laundry
stainless steel appliances
granite countertops
marble-look bathroom tile
Central air
Central Air Cooling
Building Details
Year Built
Listing Agency:
URBANITAS INC.
(773) 257-7000
Listed By:
DEISY CORREA-CHACON
Source:
Corcoran
Added: Oct 20
Changed: Nov 8
Last Checked: Nov 10 at 8:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of URBANITAS INC.
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Investment Insights
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This six-unit apartment property in Chicago was built in 1919 and renovated approximately eight years ago. Each apartment has air conditioning, in-unit laundry, stainless steel appliances, granite countertops, and marble-look bathroom tile. The building is fully occupied, and the reported cap rate is 8.5%. Its six-apartment configuration and unit-level features define the property’s current residential offering.
The property is located at 1218 N Lamon Avenue in Chicago, Illinois. The building is tenant-occupied; showings require a confirmed appointment and at least 48 hours’ advance notice. Access is available on weekdays after 6:00 PM and on weekends by appointment.
The property is located at 1218 N Lamon Avenue in Chicago, Illinois. The building is tenant-occupied; showings require a confirmed appointment and at least 48 hours’ advance notice. Access is available on weekdays after 6:00 PM and on weekends by appointment.
Key Highlights
- Six‑unit apartment building, fully occupied
- Reported 8.5 cap rate
- Renovated approximately 8 years ago; built in 1919
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Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,190
Businesses Nearby
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Business Placement
Demographics for 60651, IL
62,819
Population
22,885
Households
2.7
Avg Household Size
36
Median Age
16%
College-Educated
77%
High-School Grad
3.5 sq mi
ZIP Area
17,948
Density / Sq Mi
$52,963
Median Household Income
$33,783
Median Earnings
$1,186
Median Rent
$262,700
Median Home Value
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Market
Properties on Market for Apartment buildings in Chicago
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Apartments include air conditioning, private laundry, stainless steel appliances, and granite countertops.
Where is this apartment building located?
The property is located at 1218 N Lamon Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Six‑unit apartment building, fully occupied; Reported 8.5 cap rate; Renovated approximately 8 years ago; built in 1919
