Chicago, IL 60623,1256 S Independence BLVD
Chicago, IL 60623,1256 S Independence BLVD
Chicago, IL 60623,1256 S Independence BLVD
Chicago, IL 60623,1256 S Independence BLVD
Chicago, IL 60623,1256 S Independence BLVD
Chicago, IL 60623,1256 S Independence BLVD
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$ 1,850,000
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$ 1,850,000
Est. payment | /mo
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Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

MLS Listing ID 11993438

Maintenance Fees $18,000

Year Built 1909

Annual Tax Amount $24,754

Tax Year 2022

Lot Dimensions 56X158

Property Description

CASH ONLY. SOLD AS-IS, with Violations. Estimated cost to complete violations $50,000 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 90% occupancy.

Location

State IL

County Cook

Area Chi - North Lawndale

Interior

Fireplace N

Building

Dwelling Type Multi Family 5+

Level or Stories 3

Midwest Real Estate Data (MRED) IDX
Listed by Lawrence Dunning • Main Street Real Estate Group

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Sarah Leonard

Broker | Owner

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1256 S Independence BLVD