1256 S Independence Boulevard
Chicago, IL, 60623
$1,599,000
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0 Baths
0 SqFt
0 Acres
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$1,599,000
1256 S Independence Boulevard
Chicago, IL, 60623
MLS #MRD12284241 img 0
CASH OR “Fix N Flip” Loan ONLY. SOLD AS-IS, with Violations. Work for the violations has largely been completed but city hasn’t signed off on work. This is a fantastic opportunity to acquire a partially gut-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. 10 units have been upgraded in the last year. 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 $20,897 with 92% occupancy.

Property Details

Price:
$1,599,000
MLS #:
MRD12284241
Status:
Active Under Contract
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

Net Operating Income
$199,153
Tax Year
2022
Taxes
$24,754
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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1256 S Independence Boulevard
Chicago, IL