$2,249,000
1256 S Independence Boulevard
Chicago, IL, 60623
Rehabbed, Fully Rented, and Completely Turnkey with Property Manager on the premises. All tenants are current and listed at a 9.2 CAP. 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. 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. Each unit has its own gas meter, water heater, and electric meter. The current monthly rent roll is $24,678.
Property Details
Price:
$2,249,000
MLS #:
MRD12687697
Status:
Active
Beds:
9
Baths:
3
Type:
Commercial
Neighborhood:
chinorthlawndale
Listed Date:
Jun 25, 2026
Year Built:
1909
Schools
Interior
Exterior
Stories
3
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.
More About DebraMortgage Calculator
Map
Current real estate data for Commercial in Chicago as of Jun 25, 2026
926
Commercial Listed
184
Avg DOM
$995,262
Avg List Price
Community
- Address1256 S Independence Boulevard Chicago IL
- CityChicago
- CountyCook
- Zip Code60623
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Property Summary
- 1256 S Independence Boulevard Chicago IL is a Commercial for sale in Chicago, IL, 60623. It is listed for $2,249,000 To schedule a showing of MLS#mrd12687697 at 1256 S Independence Boulevard in Chicago, IL, contact your Compass | Debra Dobbs | The Dobbs Group agent at 3123074909.
Copyright 2026. All rights reserved.
1256 S Independence Boulevard
Chicago, IL
