$1,750,000
1256 S Independence Boulevard
Chicago, IL, 60623
This is a fantastic opportunity to acquire a rehabbed building located on Independence Boulevard right in the up-and-coming neighborhood of North Lawndale. This 18-unit building offers a great unit mix of 2,3 and 4-bedroom units. All units are individually metered and offer very spacious layouts. The building has 12 units of 2BR/1BA, 3 units of 3BR/1BA and 3 units of 4BR/1BA. The basement has a coin laundry room with 3 washers and 3 dryers. Security cameras have been installed around the building. 12 units have been upgraded in the last 18 months. Each unit has its own gas meter, water heater, and electric meter. For investors looking for a value add, there is space to add 6 more garden units. The current monthly rent roll is $22,493 with 92% occupancy.
Property Details
Price:
$1,750,000
MLS #:
MRD12284241
Status:
Active
Beds:
0
Baths:
0
Address:
1256 S Independence Boulevard
Type:
Commercial
Neighborhood:
CHI – North Lawndale
City:
Chicago
Listed Date:
Feb 5, 2025
State:
IL
ZIP:
60623
Year Built:
1909
Schools
Interior
Exterior
Financial
Maintenance Fee
$18,000
Tax Year
2022
Taxes
$24,754
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
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