184 N Lamon Avenue
Chicago, IL 60644

Status: Active
Multi Family
8 beds
0 baths
0 sq.ft
Listing Price: $700,000
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About this home

Don't miss out on this NEW 3 unit building (Built in 2022 ) that was built and designed as condos. Custom kitchen cabinets with Quartz counter tops and custom glass back splash. Hardwood floors, and custom lighting. All units have washer/dryer, water heaters and ceiling fans. Whirlpool and GE Appliances. Building has 3 parking spaces in rear of building. Building owner is using a unique rental plan (SRO) of renting out each bedroom to medical workers/student, Amazon and state workers. As of April 1, 2024 the building is generating $6100 in income per month, with the potential to generate $8, 500 per month using the present plan when all bedroom are full. Buyer can convert units to full unit rentals or sell as condos. Close to shopping and interstate. Income and expenses are from September thru February 2024. Need 24hrs to show.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 1-5 Years
3 Bedroom Unit in Building Yes
Approx Year Built 2022
Parking Total 3
Exterior Building Type Vinyl Siding, Brick
Foundation Concrete Perimeter
Parking Features Unassigned, Off Alley, Alley Access
Garage On-Site Yes
Parking Ownership Fee/Leased
Parking Fee/Lease 1
Parking Space/s
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Curbs, Sidewalks, Street Lights, Street Paved
Area Major CHI - Austin
Zoning Type MULTI
Corporate Limits Chicago
Directions From 290 expressway (Kostner), go north on Kostner to Madison. Turn left (west) to Cicero. Turn Right (north) to West End Ave. Turn left (west) to LaPorte. Turn right to Maypole. Turn right to N. Lamon. On the corner of Maypole and Lamon.
Equipment CO Detectors, Ceiling Fan(s), Multiple Water Heaters
Green Supporting Documents N
Elementary Sch Dist 299
Heat/Fuel Natural Gas
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle Dist 299
Township Jefferson
Interior Features
Basement Description None
Basement Bathrooms No
Basement None
Bedrooms Count 8
Bedrooms Possible 8
Baths Count 5
Full Baths in Building Count 5
Total Rooms 14
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 1000
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Garage/Space
Full Baths Total 1
Lease Expiration Date M/M
Rooms Total 4
Security Deposit .00
Tenant Pays None
Floor Number 1
Square Feet 1300
unit 2
Beds Total 3
Baths Total 2
Actual Rent 2900
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Garage/Space, Hardwood Floors
Full Baths Total 2
Lease Expiration Date M/M
Rooms Total 5
Security Deposit .00
Tenant Pays None
Floor Number 2
Square Feet 1650
unit 3
Beds Total 3
Baths Total 2
Actual Rent 2200
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Garage/Space, Hardwood Floors
Full Baths Total 2
Lease Expiration Date M/M
Rooms Total 5
Security Deposit .00
Tenant Pays None
Floor Number 3
Square Feet 1650
Property / Lot Details
Deconversion N
Lot Dimensions 30X125
Lot Description Corner Lot, Fenced Yard, Sidewalks, Streetlights
Lot Size Source County Records
Lot Size Less Than .25 Acre
Model 3 FLAT
Ownership Fee Simple
Type Unit 3 Flat
Number Of Units in Building 3
Property Type Two to Four Units

Financials

ElectricExpense 1283
Electric Expense Source Actual
Fuel Expense $1,749
Fuel Expense Source Actual
Other Expenses 2 550
Gross Rental Income $36,600
Insurance Expense $2,588
Insurance Expense Source Actual
Janitor Expense $150
Net Oper Income $23,499
Other Expense Source Actual
MaintenanceExpense 6700
Rental Income 36600
Investment Profile Residential Income
Water Expense $381

Tax/Assessments/Liens

PIN 16094170140000
Special Assessments N
Taxes $1,589
Tax Exemptions None
Tax Year 2022
$700,000 Listing Price:
MLS # 11965790
Investment Profile Residential Income
Listing Market Time 113 days
Basement None
Type Unit 3 Flat
Number of Units in Building 3
Parking Space/s
List Date 01/26/2024
Year Built 2022
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