1256 S Independence Boulevard Chicago, IL ^$ 1,999,000

1256 S Independence Boulevard

^$ 1,999,000

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1256 S Independence Boulevard

Chicago, IL, 60623

^$ 1,999,000

Bedrooms9 Baths0.0

Monthly Estimate*

^$ 13,964

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Multi-Family Home for sale in Chicago, IL

for $1,999,000 with 9 bedrooms. This home was built in 1909.

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!

Multi-Family Contingent

Price

^$ 1,999,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 24,754

Style

Year Built

1909

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11993438

Features

General

Year Built 1909

Tenant Pays Air Conditioning Electricity Heat

Stories 3

Tax Year 2022

Gross Income 269916

County Cook

Net Operating Income 199153

Operating Expense 70763

Insurance Expense 2661

Property Type Commercial Sale Multi Family 5+

Contingency Attorney/Inspection

Status Contingent

Directions South on Independence Boulevard in North Lawndale neighborhood

City Chicago

Total Units 18

MLS Area CHI - North Lawndale

Street Name Independence

Tax Annual Amount 24754

Electric Expense 4560

Fuel Expense 1920

Trash Expense 4168

Water Sewer Expense 10800

Additional Parcels Y/N N

Days on Market 71

Standard Status Active Under Contract

Exterior

Lot Dimensions 56X158

Interior

Street Suffix Boulevard

* Excluded Features

List By

Main Street Real Estate Group

Broker

lawrence@mainstreetreg.com

Affordability Calculator

$16,026

Per Month

Monthly Principal & Interest: $13,964
Monthly Property Taxes: $2,063
Monthly Home Insurance: --

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Down Payment

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Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$634,028

Percent of Sale Price 68%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/1/2024	$1,999,000		Listed Price

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1256 S Independence Boulevard, Chicago, IL, 60623 is a Multi-Family Home for sale at $1,999,000. 1256 S Independence Boulevard has 9 bedrooms, 0.0 baths, and was built in 1909. The property's zip code is 60623 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 5/15/2024.

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1256 S Independence Boulevard

Multi-Family Home for sale in Chicago, IL

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