1256 S Independence Boulevard, Chicago, IL 60623

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$1,499,000

bedrooms

bathrooms

square feet

Acreage

Open Houses

year built

1909

Full Baths

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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.

Location
Subdivision	-
County	Cook
Elementary School	-
Middle School	-
High School	-

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MLS number: 12284241

Listing agent: Lawrence Dunning #475164126

Listing broker: Main Street Real Estate Group (773) 799-8042

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Last update: Saturday, April 12 2025 at 2:40 p.m. EDT

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