1135 N LONG AVE Chicago IL 60651-2835

Greyson Brokerage is pleased to present: 1135-41 N. Lamon Ave. An eight unit walk-up located in the Austin neighborhood of Chicago; and the adjacent lot. All of the units are spacious two bedroom/1 bathroom unit with hardwood floors in each unit, hardwood flooring, and onsite laundry facilities. Adjacent lot can be entered via the alleyway and offers an investor the ability to increase income by turning the lot into designated parking spots.

Greyson Brokerage is pleased to present 1135-1141 N. Lamon Ave, an eight (8) unit walk-up located in the

Chicago's historic Austin neighborhood. All of the units are spacious two bedroom/one bathroom units.

Large front room and spacious kitchen, hard wood floors in each unit; and tenant is responsible for

electric & heat. This investment offers additional recreational space with the adjacent vacant lot attached

to the asset. Recent capital improvements consist of, but not limited to: new laundry, new roof,

tuckpointing and newer furnaces and water tank.

Property Overview:

1135 - 1141 N. Lamon present an investor a unique opportunity to acquire a stabilized, strong cash flowing

property in Chicago's desirable pocket of Austin. A new investor will realize an in-place cap rate of 8% and

a cash-on-cash return of 12%. Additionally, the coin-operated laundry facility has been a recent addition to

the property.

Location Overview:

Austin is one of Chicago's larges neighborhoods. As a whole, the neighborhoods within Austin consist of

the Island, North Austin, South Austin, and Galewood. Austin is part of the INVEST South/West initiative.

This program collaborates with government, business, and community leaders to align the 750 million in

public funding granted to 10 neighborhoods in three years.