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
See this Listing
Schools
Interior
Exterior
Stories
3
Financial
Maintenance Fee
$18,000
Tax Year
2025
Taxes
$17,301
Map
Community
- Address1256 S Independence Boulevard Chicago IL
- CityChicago
- CountyCook
- Zip Code60623
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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Copyright 2026. All rights reserved.
1256 S Independence Boulevard
Chicago, IL


