IL
Cook
Chicago
60623
1256 S Independence Boulevard
1256 S Independence Boulevard, Chicago, IL 60623
Listing Type
Commercial/Industrial
Listing Status
active
32
$1,699,000

Home Details for 1256 S Independence Boulevard

Price
$1,699,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1909
County
Cook
Garage
Days on site
13
MLS Listing#
12284241
Listing Courtesy: Main Street Real Estate Group - 773-799-8042
Property Description

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 Features
    Midwest Real Estate Data logo Based on information submitted to the MLS GRID as of 2025-02-16 00:31:09. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    Last Updated: 2025-02-16 00:31:09
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