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Six-Unit Apartment Building
For Sale
$750,000

14631 S Lamon Avenue, Midlothian, IL 60445

Six 2-bedroom, 1-bath units in a basement laundry room with coin-op washer and dryer, each with a balcony.

Property SizeContact for details
Days on Market35

Property Features for 14631 S Lamon Avenue

General Information

Standard status Active
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $18,872

Building Details

Year Built 1972
Stories 3
Units 6
Listing Agency: RE/MAX 10
Listed By: James Tammaro · License #475114220
Source: Cavanaghrealty
Added: Jul 20 Changed: Aug 23 Last Checked: Jul 24 at 1:15PM

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 RE/MAX 10

Investment Insights

Based on property information with market context.

This six-unit multifamily property offers six 2-bedroom, 1-bath apartment homes. The building includes a full basement with a laundry room featuring one coin-operated washer and one coin-operated dryer. Each unit has its own balcony.

The property is located close to shopping, restaurants, and public transportation, with convenient access to I-57 and I-294 just minutes away.

The overall configuration is a straightforward six-unit residential income building with on-site coin-op laundry support and private outdoor space provided by in-unit balconies.

Key Highlights

  • Six 2‑bedroom, 1‑bath multifamily units in a building built in 1972
  • Each unit features a balcony
  • Full basement includes a laundry room with one coin‑op washer and one coin‑op dryer

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Storage Facility Computer & Electronic Repair Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

616
Businesses Nearby

Demographics for 60445, IL

14,692
Population
6,228
Households
2.4
Avg Household Size
37
Median Age
19%
College-Educated
88%
High-School Grad
4.3 sq mi
ZIP Area
3,417
Density / Sq Mi
$68,385
Median Household Income
$46,480
Median Earnings
$1,202
Median Rent
$201,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Six 2-bedroom, 1-bath units in a basement laundry room with coin-op washer and dryer, each with a balcony.
Where is this apartment building located?
The property is located at 14631 S Lamon Avenue Midlothian, IL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Six 2‑bedroom, 1‑bath multifamily units in a building built in 1972; Each unit features a balcony; Full basement includes a laundry room with one coin‑op washer and one coin‑op dryer
More about this property
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