1256 S Independence Blvd - Apartments FOR SALE


Chicago, IL 60623- Lawndale
$2,249,000 USD
312-286-0427
1256 S Independence Blvd, Chicago, IL for Sale
$2,249,000 USD
Apartments - FOR SALE
1/20
null | 9.55% Cap Rate

1256 S Independence Blvd
Chicago, IL 60623
Lawndale


OVERVIEW

Rehabbed, Fully Rented, and Completely Turnkey with Property Manager on the premises. 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.

FOR SALE DETAILS

PRICE

$2,249,000 USD

PRICE/SF

$125 USD /SF

# OF UNITS

18

PRICE/UNIT

$124,944

CAP RATE

9.55%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

18 UNITS /// LAWNDALE

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1909

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

8,930 SF

ZONING

RT-4

APN/PARCEL ID

16-23-103-033-0000

ASK ABOUT THIS PROPERTY

Lawrence DunningFulton Grace RealtyMore Info
312-286-0427

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Lawrence DunningFulton Grace RealtyMore Info
312-286-0427

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.