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1256 S Independence Boulevard
Chicago IL 60623 US

$1,850,000

Active Listing ID 11993438
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$1,850,000

Active Listing ID 11993438
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1256 S Independence Boulevard 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.

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Property Features

  • Facts
  • Property Type: Commercial Sale
  • Property Sub-type: Other

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 1850000
  • unparsedaddress: 1256 S Independence Boulevard
  • postalcity: Chicago
  • stateorprovince: IL
  • country: US
  • postalcode: 60623
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 0
  • livingareaunits: Square Feet
  • listagentfullname: Lawrence Dunning
  • listagentemail: lawrence@mainstreetreg.com
  • listagentkey: 3yd-MREDIL-878540
  • listagentmlsid: 878540
  • listagentpreferredphone: 3122860427
  • listagentofficephone: 7737998042
  • listofficekey: 3yd-MREDIL-85813
  • listagentstatelicense: 475164126
  • listofficemlsid: 85813
  • disclaimer: Copyright © 2024 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MREDIL
  • yearbuilt: 1909
  • listingcontractdate: 2024-03-01
  • listagenturl: http://www.mainstreetrealestategroup.com
  • countyorparish: Cook
  • parcelnumber: 16231030330000
  • numberofunitstotal: 18
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: False
  • architecturalstyle: Other
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Main Street Real Estate Group", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"lawrence@mainstreetreg.com", "ListBrokerageCity":"Chicago", "ListBrokerageCountry":"US", "ListBrokerageEmail":"info@mainstreetreg.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/107/261908/20140401165309476.png", "ListBrokerageName":"Main Street Real Estate Group", "ListBrokeragePhone":"773-799-8042", "ListBrokeragePostalCode":"60614", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"2315 N Southport Ave #1", "ListBrokerageWebsiteUrl":"http://www.mainstreetrealestategroup.com", "ListOfficeAddress1":"2315 N.Southport Ave", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"878316", "ListOfficeCity":"Chicago", "ListOfficeCountry":"US", "ListOfficeEmail":"paulagrace@gmail.com", "ListOfficePostalCode":"60614", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"Commercial Sale - Chicago, IL", "ListingURL":"https://listings.listhub.net/pages/MREDIL/11993438/?channel=rexren", "MLSModificationTimestamp":"2024-12-21T02:01:01Z", "Neighborhoods":[{"Description":null, "Name":"CHI - North Lawndale"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":24754, "TaxDescription":null, "TaxYear":"2022"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 12/21/2024 9:08:58 AM GMT
Source Updated Date: 12/22/2024 6:50:18 AM GMT

Courtesy of: Lawrence Dunning, Main Street Real Estate Group, lawrence@mainstreetreg.com

Copyright © 2024 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.