1256 S Independence Boulevard, Chicago, IL

$2,249,000

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About 1256 S Independence Boulevard

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.

Features of 1256 S Independence Boulevard

MLS® # 12687697
Price $2,249,000
Bathrooms 0.00
Year Built 1909
Type Commercial Sale
Sub-Type Multi Family 5+
Status Active

Community Information

Address 1256 S Independence Boulevard
Area CHI - North Lawndale
City Chicago
County Cook
State IL
Zip Code 60623

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Additional Information

Days on Market 11
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeFulton Grace Realty

Listing Map

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