$ 1,999,000
1256 S Independence BLVD Chicago, IL 60623
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$ 1,999,000
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$ 1,999,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 11993438
Maintenance Fees $18,000
Year Built 1909
Annual Tax Amount $24,754
Tax Year 2022
Lot Dimensions 56X158
Property Description
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 100% occupancy. At Asking price it's a 10 CAP!
Location
State IL
County Cook
Area Chi - North Lawndale
Interior
Fireplace N
Building
Dwelling Type Multi Family 5+
Level or Stories 3
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Lawrence Dunning • Main Street Real Estate Group
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Sanjay Marathe
REALTOR® | Lic# 475168373