Commercial Sale

1256 Independence Boulevard, Chicago, Illinois 60623

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Property Description

CASH ONLY. SOLD AS-IS, with Violations. Estimated cost to complete violations $50,000 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 90% occupancy.

Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : MRD11993438
Price : $1,800,000
Year Built : 1909
Address Map
Country : US
State : IL
County : Cook
City : Chicago
Zipcode : 60623
Street : Independence
Street Number : 1256
Street Suffix : Boulevard
Floor Number : 0
Longitude : E0° 0' 0''
Latitude : N0° 0' 0''
Area : CHI - North Lawndale
Street Dir Prefix : S
MLS Addon
Agent Name : Lawrence
DaysOnMarket : 290
Directions : South on Independence Boulevard in North Lawndale
List Agent Full Name : Lawrence Dunning
List Agent MLSID : MRD878540
List Office MLSID : MRD85813
List Office Name : Main Street Real Estate Group
Parcel Number : 16231030330000
Tax Year : $2,022
ListAgentLastName : Dunning
Annual Tax Amount : $0
HOA/POA-Annual Amt. : $0
HOA/POA-Monthly Amt. : $0
Status : Active
PhotosChangeTimestamp : 01/03/2024 07:04:03
Commercial Sale For Sale
  • Listing ID : MRD11993438
$1,800,000
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