Eight-Unit Apartment Building
For Sale
Contact for pricing
1135 North Lamon Avenue, Chicago, IL 60651
Eight 2BR/1BA apartments with an adjacent lot offering potential tenant parking income.
Days on Market100
Property Features for 1135 North Lamon Avenue
General Information
Standard status
Active
Property subtype
Multifamily
Listing Agency:
Real Realty Inc.
Listed By:
James Clough · License #IL - 475.147791
Source:
Crexi
Added: Apr 24
Changed: Jul 22
Last Checked: Jul 23 at 1:23PM
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 Real Realty Inc.
Investment Insights
Based on property information with market context.
This offering presents an 8-unit apartment building containing eight 2-bedroom, 1-bathroom apartments. The current rent roll is approximately $150 below market. The sale is positioned for a new owner to make moderate renovations, increase rents, and improve net income by over $14,000 within the next 12–18 months.
The property is located at 1135-41 N. Lamon Avenue in the North Austin submarket. Included with the sale is an adjacent lot that could be paved to provide on-site parking for tenants. Monthly parking rates in the neighborhood range from $50–$100, providing potential additional income. The asset is situated between Bethel New Life and well-maintained single-family homes.
The property is located at 1135-41 N. Lamon Avenue in the North Austin submarket. Included with the sale is an adjacent lot that could be paved to provide on-site parking for tenants. Monthly parking rates in the neighborhood range from $50–$100, providing potential additional income. The asset is situated between Bethel New Life and well-maintained single-family homes.
Key Highlights
- 8‑unit apartment building at 1135‑41 N. Lamon Avenue in the North Austin submarket
- All units are 2‑bedroom, 1‑bath apartments (8 total)
- Current rents are approximately $150 below market
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,206
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Eight 2BR/1BA apartments with an adjacent lot offering potential tenant parking income.
Where is this apartment building located?
The property is located at 1135 North Lamon Avenue Chicago, IL.
What are key features of this property?
This property features: 8‑unit apartment building at 1135‑41 N. Lamon Avenue in the North Austin submarket; All units are 2‑bedroom, 1‑bath apartments (8 total); Current rents are approximately $150 below market
