IL > Chicago
Chicago, IL 60623,1256 S Independence BLVD
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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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Kimberly Zahand

Kimberly Zahand

+1(630) 215-6063
$ 1,499,000
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Price Dropped by $100K

1256 S Independence BLVD Chicago, IL 60623

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12284241

Maintenance Fees $18,000

Year Built 1909

Annual Tax Amount $24,754

Tax Year 2022

Lot Dimensions 56X158

Property Sub-Type Multi Family 5+

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.

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
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Lawrence Dunning • Main Street Real Estate Group
agent

Kimberly Zahand

+1(630) 215-6063

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1256 S Independence BLVD

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