1256 S Independence Blvd Chicago, IL 60623
North Lawndale NeighborhoodEstimated payment $11,303/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
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)
MLS Number: 12458533

APN: 16231030330000
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