Greyson Brokerage is pleased to present 1135-1141 N. Lamon, an (8) eight unit walk-up located in the South Austin neighborhood of Chicago. All of the units are (2) two-bedroom and (1) bathroom units. With a spacious living room and kitchen, tenants can also utilize the enclosed adjacent lot for family gatherings. Each unit encompasses hardwood floor and tenants are responsible for their own heat and electricity. Recent capital improvement consist of a newish rear deck, roof, tuckpointing, and newer furnace and water tank. This investment offers an investor the opportunity to acquire a well-maintained building with 9% cap rate and a cash-on-cash return about 13%. Rents are currently below market, so an investor can slow bump up rents as leases turnover. Location Overview: With wide boulevards, inexpensive housing and convenient transportation options, South Austin is a Chicago neighborhood on the rise. Civic organization are an active part of the South Austin's community culture, working with residents and local businesses to revitalize the area and create an attractive and pleasant environment. This commitment to community improvement is evident with Bethel New Life situated across the street of the asset, with the mission of rebuilding the west side through community driven, solution-orientated, and value centered approach.