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$ 2,249,000
Est. payment /mo
Active
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 12687697
Maintenance Fees $18,000
Year Built 1909
Annual Tax Amount $17,301
Tax Year 2025
Lot Dimensions 56X158
Property Sub-Type Multi Family 5+
Property Description
Rehabbed, Fully Rented, and Completely Turnkey with Property Manager on the premises. No Seller Financing. All tenants are current and listed at a 9.2 CAP. This is a fantastic opportunity to acquire a 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. 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. Each unit has its own gas meter, water heater, and electric meter. The current monthly rent roll is $24,678. Sold AS-IS.
Location
State IL
County Cook
Area Chi - North Lawndale
Interior
Fireplace N
Building
Dwelling Type Multi Family 5+
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Listed by Lawrence Dunning of Fulton Grace Realty