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0 Beds

$2,249,000

1256 S Independence Boulevard, Chicago IL, 60623

Built in1909
Property typeMulti-family
Listed by Lawrence Dunning with Fulton Grace Realty 773-698-6648

Overview

Active

Listed Jun 24, 2026

Updated 7h ago

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.

$14,963/mo

Est. mortgage payment based on a $2,249,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Other Property Details

Taxes
$17,301
Tax Frequency
Annually
Maintenance Expense
$18,000
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Listed by Lawrence Dunning with Fulton Grace Realty 773-698-6648

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Data is refreshed every 3 hours. Listing last updated 6:35 AM UTC on 10/10/2026. 

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