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Mike Godziszewski, Sales Associate
Contingent
$1,999,000
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1256 S Independence Boulevard
Chicago, IL 60623

Multi-Family, Business Opportunities
Residence
Courtesy: Main Street Real Estate Group

Description for 1256 S Independence Boulevard Chicago, IL 60623

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 100% occupancy. At Asking price it's a 10 CAP!

Property Details

11993438
Multi-Family, Business Opportunities, 3+ Story
Cook
1909
3
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Courtesy: Main Street Real Estate Group
Listings courtesy of MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 5/20/2024. 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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Equal Housing Opportunity.


Mike Godziszewski 6 E. Miner St., Arlington Heights, IL 60004 | Phone: (773) 954-7097 | Email: mgodziszewski@starckre.com

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