1256 South Independence Boulevard
$1,850,000
45
18
—
—
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Description
Cash only. SOLD AS-IS, with Violations. Estimated cost to complete violations $50,000 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...Cash only. SOLD AS-IS, with Violations. Estimated cost to complete violations $50,000 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 90% occupancy.
- Listed by Lawrence Dunning • Main Street Real Estate Group
Property Details for 1256 South Independence Boulevard
Area
CHI - North Lawndale
LISTING UPDATED: 12/21/2024 01:01 AM
Property Details for 1256 South Independence Boulevard
Status | Price Change |
---|---|
MLS # | 11993438 |
Days on Market | 296 |
Taxes | $24,754 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Multi Family 5+-Other |
Year Built | 1909 |
Lot Size | 0.20 AC / 8,848 SF |
County | Cook County |
Building Information for 1256 South Independence Boulevard
Stories3Residences18Year Built1909Building Size-Lot Size0.20 AC / 8,848 SF
Property Information for 1256 South Independence Boulevard
Property History for 1256 South Independence Boulevard
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1256 South Independence Boulevard
Taxable ValueLand$9,539Additions$78,951Total$88,490
Tax Record2018$17,536 ($1,461 / month)
Home Facts
Stories3Lot Size8,759 SqFtStyleMulti-Family Res (5+ Units)Year Built1909CountyCOOKAPN16231030330000
Schools near 1256 South Independence Boulevard
This home is within Chicago Public Schools.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 8 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Herzl Elementary School PublicPK to 8 | ||
Manley Career Academy High School Public9 to 12 | ||
Frazier Prep Academy Charter Elementary School CharterK to 8 | ||
YCCS-CCA Academy HS Charter9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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