$750,000

14647 Lamon Ave Midlothian, IL 60445

Estimated payment $5,528/month

-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

OAK FOREST SCHOOL DISTRICT - 1 (3BED/2BATH With Basement) & 5 (2BED/1.5Baths) Units. New Roof, Parking Lot, Boiler, Water Heater. Rents are under market with major upside. Tenants Pay Electric, Landlord Pays Boiler Heat, Water, Common Electric, Garbage. Located right off the intersection of 147th & Cicero Ave.

Listing Agent

Anthony Spangler

Horvath & Tremblay IL, LLC License #475173833 Listed on: 09/24/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,800

Year Built

  • Built in 1978

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 125x75
  • Additional Parcels

Interior Spaces

  • 3-Story Property

Utilities

  • Baseboard Heating
  • Heating System Uses Gas
  • Radiant Heating System

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $1,000
  • Fuel Expense $4,000
  • Insurance Expense $7,257
  • Maintenance Expense $2,500
  • Other Expense $1,500
  • Trash Expense $2,000
  • Water Sewer Expense $6,500
  • Operating Expense $43,557
  • Gross Income $103,860
  • Net Operating Income $61,323

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,800

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance,Flats
  • Stories: 3
  • Year Built: 1978
  • Built Before 1978 (Y/N): No
  • Information: List Broker Must Accompany
  • Estimated Age: 36-50 Years
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 750000

Utilities

  • Heat/Ventilation: Gas,Baseboard,Radiant

Fee Information

  • Trash Expense: 2000
  • Water Sewer Expenses: 6500
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.22
  • Lot Dimensions: 125x75

Rental Info

  • Board Number: 8

Multi Family

  • Net Operating Income: 61323
  • Fuel Expense: 4000
  • Insurance Expense: 7257
  • ElectricExpense: 1000
  • GrossIncome: 103860
  • Maintenance Expense: 2500
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 43557
  • Type Multi-Family: Corridor-Interior Entrance,Flats

Tax Info

  • Tax Annual Amount: 18800
  • Tax Year: 2023

Map

Range of Values:

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ICE

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,144 $11,554 $1,572 $9,982
2023 $3,786 $11,554 $1,572 $9,982
2022 $3,786 $8,164 $1,572 $6,592
2021 $3,679 $8,164 $1,572 $6,592
2020 $3,527 $8,164 $1,572 $6,592
2019 $5,437 $12,489 $1,435 $11,054
2018 $5,328 $12,489 $1,435 $11,054
2017 $5,163 $12,489 $1,435 $11,054
2016 $4,641 $10,829 $1,230 $9,599
2015 $3,962 $9,460 $1,230 $8,230
2014 $3,843 $9,459 $1,230 $8,229
2013 $3,248 $8,986 $1,230 $7,756
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/24/2025 09/24/25 For Sale $750,000 -- --
Source: Midwest Real Estate Data (MRED)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $177,000 Old Republic Title
Special Warranty Deed $30,000 Attorneys Title Guaranty Fun
Legal Action Court Order -- None Available
Warranty Deed $145,000 Pntn
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $388,000 Commercial
Previous Owner $145,000 Unknown
Source: Public Records

Source: Midwest Real Estate Data (MRED)

MLS Number: 12480119

Midwest Real Estate Data (MRED)

APN: 28-09-206-038-1001