14647 Lamon Ave - Apartments FOR SALE


Midlothian, IL 60445
$750,000 USD
312-361-1647
14647 Lamon Ave, Midlothian, IL for Sale
$750,000 USD
Apartments - FOR SALE
1/7
null | 7.86% Cap Rate

14647 Lamon Ave
Midlothian, IL 60445


HIGHLIGHTS

  • Superior Location
  • Area Development/Attractions
  • Strong Demographics
  • Utilities, Construction & Amenities
  • Value-Add Potential

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a multi-family investment property located at 14647 Lamon Ave in Midlothian, Illinois (the “Property”). The three-story brick building contains six (6) residential units comprised of five (5) 2-Bedroom/1.5- Bathroom units and one (1) 3-Bedroom/2-Bathroom unit with 5,000 square feet of living area and 6,000 square feet of total gross area on 0.22 acres of land. The Property has 12 parking spaces and is a well-maintained property located among multiple other suburban multi-family housing properties and just off the popular Cicero Ave commercial corridor. 14647 Lamon Avenue is a well-positioned multi-family property in Midlothian, IL, built in 1978, featuring several condominium units on a 0.22-acre lot. This suburban location offers residents convenient access to nearby retail, dining options, schools, and parks. The property benefits from strong commuter connectivity, with close proximity to Metra service and quick access to major highways I-57, I-294, and I-80. Situated within Cook County, this location is attractive for both residents seeking suburban amenities and investors looking for solid residential opportunities in Midlothian.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$417 USD /SF

# OF UNITS

6

PRICE/UNIT

$125,000

CAP RATE

7.86%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

14647 Lamon Ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1978

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Anthony SpanglerHorvath & TremblayMore Info
312-361-1647

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Anthony SpanglerHorvath & TremblayMore Info
312-361-1647

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.