$1,699,000

1256 S Independence Blvd Chicago, IL 60623

North Lawndale Neighborhood

Estimated payment $11,303/month

Total Views 248
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

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. 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. 12 units have been upgraded in the last 18 months. 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 $22,493 with 92% occupancy.

Listing Agent

Lawrence Dunning

Fulton Grace Realty License #475164126 Listed on: 08/28/2025

Fulton Grace Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,754

Year Built

  • Built in 1909

Utilities

  • Central Heating
  • Heating System Uses Gas

Additional Features

  • 3-Story Property
  • Lot Dimensions are 56x158

Community Details

Overview

  • 18 Units

Building Details

  • Electric Expense $4,560
  • Fuel Expense $1,920
  • Insurance Expense $2,661
  • Maintenance Expense $18,000
  • Other Expense $600
  • Trash Expense $4,168
  • Water Sewer Expense $10,800
  • Operating Expense $70,763
  • Gross Income $269,916
  • Net Operating Income $199,153

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,754

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 3
  • Year Built: 1909
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: Older
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 1699000

Utilities

  • Heat/Ventilation: Central Bldg Heat,Central Heat/Indiv Controls,Gas

Fee Information

  • Trash Expense: 4168
  • Water Sewer Expenses: 10800
  • Janitor Expense: 3000

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 56X158

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Board Number: 8

Multi Family

  • Net Operating Income: 199153
  • Fuel Expense: 1920
  • Insurance Expense: 2661
  • ElectricExpense: 4560
  • GrossIncome: 269916
  • Maintenance Expense: 18000
  • NumberOfUnitsTotal: 18
  • OperatingExpense: 70763
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 24754
  • Tax Year: 2022

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2025 08/28/25 For Sale $1,699,000 +38.7% --
11/26/2022 11/26/22 Sold $1,225,000 -15.5% --
11/04/2022 11/04/22 Pending -- -- --
10/31/2022 10/31/22 For Sale $1,450,000 -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12458533

Midwest Real Estate Data (MRED)

APN: 16231030330000