$1,750,000
( )
 $9,394 est/mo Sourced by Back At You

1256 S Independence Boulevard , Chicago, IL 60623

Chicago, IL 60623

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Description

CASH 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.

Details

MLS#12284241
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1909
Days On Site8
Listing Provided ByMain Street Real Estate Group | Lawrence Dunning

Features

Story(s)3
Units18

Market Activity 60623

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Learn More About This Property

StateIL
CountyCook
CityChicago
Zip Code60623
AreaCHI North Lawndale
Listing VS Median (in 60623)
Price:
$1,750,000
low | high
Med:
$189,999
100% of Average
On Site:
8
low | high
Med:
351.000000
2.279202279202% of Average
Sourced by Back At You
Listing Updated: February 9, 2025 at 11:19:52 AM PST