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$2,249,000

  • For Sale
  • Active
  • Commercial
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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.

Full Property Details for 1256 S Independence Blvd

General

  • Price: $2,249,000
  • HOA FEE: $18,000
  • Taxes: $17,301 (2025)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12687697
  • Updated: 7/1/2026
  • Added to Site: 58 day(s) ago

Location

  • Area: CHI - North Lawndale
  • County: Cook
  • Driving Directions: South on Independence Boulevard in North Lawndale neighborhood

Heating & Cooling

  • Heating Type: Central Building Heat, Central Heat/Individual Controls, Gas

Utilities

  • Trash: 5486

Structural Information

  • Stories/Levels: 3
  • Year Built: 1909
  • Built Before 1978: Yes

Lot Features

  • Lot Dimensions: 56 x 158

Financial Considerations

  • Maint. Fee: $18,000
  • Insurance Fee: $2,759
  • Operating Expenses: $81,371
  • Other Fee: $600
  • Assessment Year: 1909
  • Tax Amount: $17,301
  • Tax Year: 2025
  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Pays Electric: 3600
  • Pays Trash: 5486

Disclosures and Reports

  • Property ID: 16231030330000

Listed by Fulton Grace Realty

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Listing agent

— 1256 S Independence Blvd —

  • Fulton Grace Realty

lawrence@fultongrace.com

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NMLS#: 1598647

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Be ready to buy your new home!

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NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 1256 S Independence Blvd

School District:Chicago Public School District 299
NameGradesDistance
Herzl Elementary School
3711 West Douglas Boulevard, Chicago, IL 60623
PK-80.2 mi
Manley Career Academy High School
2935 West Polk Street, Chicago, IL 60612
12-111.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1256 S Independence Blvd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/24/2026
Listed
$2,249,000
83.59%
MLS
8/12/2022
Sold
$1,225,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1256 S Independence Blvd

Year
Property Taxes
Change
Tax Assessment
Change
2023
$24,991
—
$85,800
-27%
2023
$24,991
3%
$118,041
—
2022
$24,362
2%
$118,041
—
2021
$23,815
20%
$118,041
33%
2020
$19,778
11%
$88,490
—
2019
$17,838
2%
$88,490
—
2018
$17,536
-1%
$88,490
8%
2017
$17,759
8%
$82,214
—
2016
$16,467
9%
$82,214
—
2015
$15,065
9%
$82,214
10%
2014
$13,806
2%
$74,413
—
2013
$13,534
1%
$74,413
—
2012
$13,353
—
$74,413
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1256 S Independence Boulevard, Chicago, IL 60623 (MLS# 12687697) is a Commercial property. 1256 S Independence Boulevard is currently listed for $2,249,000 and was received on June 24, 2026. Want to learn more about 1256 S Independence Boulevard? Do you have questions about finding other Commercial real estate for sale in North Lawndale? You can browse all North Lawndale real estate or contact a Coldwell Banker agent to request more information.

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