Properties

Address Map
US
IL
Cook
Chicago
60623
Independence
1256
Boulevard
W88° 16' 50.2''
N41° 51' 54.9''
South on Independence Boulevard in North Lawndale neighborhood
CHI - North Lawndale
CHI - North Lawndale
S
S
Additional Information
56X158
18
18
1599000
3
Main Street Real Estate Group
Lawrence Dunning
Financial
24754
Listing Information
878540
85813
MRED
Listing Information
Active
2025-04-18T05:06:02Z
2025-04-18T05:05:24Z
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.

Commercial Sale For Sale

1256 S Independence Boulevard, Chicago, Illinois 60623

$1,499,000
Listing ID#12284241
QR Code
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 12284241
Price : $1,499,000
Year Built : 1909
Listing Status : Active
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