1256 S Independence Boulevard Chicago, IL ^$ 2,249,000

1256 S Independence Boulevard

^$ 2,249,000

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1256 S Independence Boulevard

Chicago, IL, 60623

^$ 2,249,000

Bedrooms9 Baths0.0

Monthly Estimate*

^$ 14,200

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Multi-Family Home for sale in Chicago, IL

for $2,249,000 with 9 bedrooms. This home was built in 1909.

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.

Multi-Family Active

Price

^$ 2,249,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 17,301

Style

Year Built

1909

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12687697

Features

General

Year Built 1909

Tenant Pays Air Conditioning Electricity Heat

Stories Count 3

Tax Year 2025

Gross Income 296136

County Cook

Net Operating Income 214765

Operating Expense 81371

Insurance Expense 2759

Property Type Commercial Sale Multi Family 5+

MaintenanceExpense 18000

Status Active

Directions South on Independence Boulevard in North Lawndale neighborhood

City Chicago

Number Of Units Total 18

MLS Area CHI - North Lawndale

Tax Annual Amount 17301

Electric Expense 3600

Fuel Expense 1920

Trash Expense 5486

Water Sewer Expense 12000

Additional Parcels Y/N N

Standard Status Active

Cap Rate 9.5

Exterior

Lot Dimensions 56X158

* Excluded Features

List By

Fulton Grace Realty

Broker

lawrence@fultongrace.com

Affordability Calculator

$15,642

Per Month

Monthly Principal & Interest: $14,200
Monthly Property Taxes: $1,442
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% 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 ^$636,046

Percent of Sale Price 72%

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
6/25/2026	$2,249,000		Listed Price

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1256 S Independence Boulevard, Chicago, IL, 60623 is a Multi-Family Home for sale at $2,249,000. 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 6.49% 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 8/14/2026.

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1256 S Independence Boulevard

Multi-Family Home for sale in Chicago, IL

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