$1,999,000
1256 S Independence Boulevard
Chicago, IL, 60623
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. 8 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 over $22,000 with 100% occupancy. At Asking price it’s a 10 CAP!
Property Details
Price:
$1,999,000
MLS #:
MRD11993438
Status:
Active
Beds:
0
Baths:
0
Address:
1256 S Independence Boulevard
Type:
Commercial
City:
Chicago
Listed Date:
Mar 1, 2024
State:
IL
ZIP:
60623
Year Built:
1909
Schools
Interior
Exterior
Financial
Buyer Agent Compensation
1.75%-$450Gross Sale Price
Tax Year
2022
Taxes
$24,754
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
More About DebraMortgage Calculator
Map
Similar Listings Nearby
- 1703 W Chicago Avenue
Chicago, IL$2,590,000
0.00 miles away
- 2735-2741 W Devon Avenue
Chicago, IL$2,550,000
0.00 miles away
- 3559 N Milwaukee Avenue
Chicago, IL$2,500,000
0.00 miles away
- 2222 W Devon Avenue
Chicago, IL$2,500,000
0.00 miles away
- 1528 W FULLERTON Avenue
Chicago, IL$2,500,000
0.00 miles away
- 2210 W North Avenue
Chicago, IL$2,500,000
0.00 miles away
- 5426 S Lockwood Avenue
Chicago, IL$2,490,000
0.00 miles away
- 2051 W Division Street
Chicago, IL$2,435,000
0.00 miles away
- 2054 N CAMPBELL Avenue
Chicago, IL$2,400,000
0.00 miles away
- 3472 N CLARK Street
Chicago, IL$2,400,000
0.00 miles away
Courtesy of Main Street Real Estate Group. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Chicago, IL. Detailed information about real estate listings held by brokerage firms other than Compass / The Debra Dobbs Group include the name of the listing broker. Neither the listing company nor Compass / The Debra Dobbs Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Chicago, IL. All rights reserved.
1256 S Independence Boulevard
Chicago, IL
LIGHTBOX-IMAGES