1256 South Independence, Chicago IL 60623
Property Description
CASH OR "Fix N Flip" Loan ONLY. SOLD AS-IS, with Violations. Work for the violations has largely been completed but city hasn't signed off on work. 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. 10 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 $20,897 with 92% occupancy.
Features & Information
Key Details
- List Price $1,599,000
- Property Taxes $24,754
- Price/ Sq. Ft. Unavailable
- Year Built 1909
- Status Price Change
Building Information
- Age of Building Older
- Heating & Cooling Central Bldg Heat, Central Heat/Indiv Controls, Gas
Location
- County Cook
- Directions to Property South On Independence Boulevard In North Lawndale Neighborhood
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Property Taxes
- Tax 24754
- Parcel Identification Number 16231030330000
Listed by Lawrence Dunning for Main Street Real Estate Group | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 2/22/2025 11:02 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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