1256 S Independence Boulevard
Chicago, IL, 60623
$2,249,000
9 Beds
3 Baths
0 SqFt
0 Acres
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MLS #MRD12687697 image #0
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.

Property Details

Price:
$2,249,000
MLS #:
MRD12687697
Status:
Active
Beds:
9
Baths:
3
Type:
Commercial
Neighborhood:
chinorthlawndale
Listed Date:
Jun 24, 2026
Year Built:
1909
Chi – North LawndaleChinorthlawndale

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Schools

Interior

Exterior

Stories
3

Financial

Maintenance Fee
$18,000
Net Operating Income
$214,765
Tax Year
2025
Taxes
$17,301

Map

Community

Market Summary

Current real estate data for Commercial in Chicago as of Oct 04, 2026
906
Commercial Listed
185
Avg DOM
$1,021,515
Avg List Price

Property Summary

    1256 S Independence Boulevard Chicago IL is a Commercial for sale in Chicago, IL, 60623. It is listed for $2,249,000

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