1217 S Independence Boulevard Chicago, IL $ 3,600,000
1217 S Independence Boulevard
$ 3,600,000
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1217 S Independence Boulevard

Chicago, IL, 60623
$ 3,600,000
Bedrooms5 Baths0.0 Sq 18,216

Monthly Estimate*

$ 22,731

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Multi-Family Home for sale in Chicago, IL

for $3,600,000 with 5 bedrooms. This 18,216 square foot home was built in 1926 on a lot size of 0.44.

Excellent investment opportunity to acquire a 36-unit multifamily property at 1217 S Independence Blvd as part of a 51-unit portfolio package with the companion 15-unit Flournoy property. Properties are being offered together as a package and are not intended to be sold separately. Independence is listed at $3,600,000 and Flournoy at $1,500,000, for a combined portfolio price of $5,100,000. The property includes a mix of occupied and vacant units, offering immediate income with additional potential through increased occupancy. Owner pays heat, water and garbage; tenants are responsible for remaining utilities. Convenient North Lawndale location near Roosevelt Road, public transportation, major thoroughfares and neighborhood amenities. Financial information and additional property details are available to qualified buyers. Package sale provides investors an opportunity to acquire 51 units across two multifamily assets in one transaction.

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Multi-Family Active

Price

$ 3,600,000

Bedrooms

5

Property Type

Multi-Family

Taxes

$ 39,984

Style

Multi-Family

Lot Size

0.44

Year Built

1926

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12735613

Features
General
Possession Closing Tenant's Rights
Zoning MULTI
Association Fee Includes None
Construction Materials Brick
Year Built 1926
Tenant Pays Electricity
Stories Count 3
Tax Year 2023
Current Use Multi-Family
Gross Income 676800
County Cook
Net Operating Income 301647
Operating Expense 273633
Insurance Expense 76384
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 17377
Possible Use Multi-Family
Status New
Directions Roosevelt Rd to Independence Blvd south on Independence Blvd to property
City Chicago
Number Of Units Total 36
MLS Area CHI - North Lawndale
Lot Size Square Feet 19200
Tax Annual Amount 39984
Electric Expense 2724
Fuel Expense 34065
Trash Expense 7624
Water Sewer Expense 34252
Ok to Lease 12 Months Month To Month
Additional Parcels Y/N N
Standard Status Active
Cap Rate 8.38
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Exterior
Building Area Total 18216
Lot Dimensions 19200 sq ft
Lot Size Acres 0.44
Frontage Type City Street Paved
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* Excluded Features
List By
Exit Infinity Realty

Broker

bchampton1111@hampton-living.com

Email

Affordability Calculator

$26,063
Per Month
87%
13%
0%
Monthly Principal & Interest
$22,731
Monthly Property Taxes
$3,332
Monthly 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
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/8/2026$3,600,000 Listed Price

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1217 S Independence Boulevard, Chicago, IL, 60623 is a Multi-Family Home for sale at $3,600,000 with 18,216 sqft and a lot size of 0.44. 1217 S Independence Boulevard has 5 bedrooms, 0.0 baths, and was built in 1926. The property's zip code is 60623 which is in Chicago, IL