Properties

Address Map
US
IL
Cook
Chicago
60623
Independence
1256
Boulevard
W89° 55' 35.8''
N41° 39' 41.1''
South on Independence Boulevard in North Lawndale neighborhood
CHI - North Lawndale
S
Additional Information
56X158
18
3
Main Street Real Estate Group
Lawrence Dunning
Financial
24754
Listing Information
878540
85813
Contingent
2024-09-27T01:34:01Z
MRED
2024-05-10T06:47:31Z
Property Description

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!

Commercial Sale For Sale

1256 S Independence Boulevard, Chicago, Illinois 60623

$1,999,000
Listing ID#11993438
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Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 11993438
Price : $1,999,000
Year Built : 1909
Listing Status : Active Under Contract
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