$2,249,000
( )
$12,073 est/mo Sourced by Back At You1256 S Independence Boulevard,Chicago, IL 60623
Chicago, IL 60623
Description
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.
Details
| MLS # | 12687697 |
|---|---|
| Listing Type | For Sale |
| Style | Multi Family 5+ |
| Sub-Type | Resale |
| Status | Active |
| Year | 1909 |
| Days On Site | 90 |
| Listing Provided By | Fulton Grace Realty | Lawrence Dunning |
Features
| Story(s) | 3 |
|---|---|
| Units | 18 |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 17301 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60623 |
| Area | CHI North Lawndale |
| Listing VS Median (in 60623) | |
Price: $2,249,000 low | high Med: $207,000 On site: 90 low | high Med: 75.5 | |
Market Activity 60623
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60623 |
| Area | CHI North Lawndale |
| Listing VS Median (in 60623) | |
Price: $2,249,000 low | high Med: $207,000 On site: 90 low | high Med: 75.5 | |
Nearby Listings (Within 1/10 mile)
Price: $1.686M - $2.811M
sqft: 0 - 0
Listing Updated: July 9, 2026 at 12:30:09 PM PDT