1217 S Independence BoulevardChicago, IL 60623

Description

Excellent investment opportunity to acquire a 36-unit multifamily property at 1217 S Independence Blvd as part of a 51-unit portfolio package with the companion 15-unit Flournoy property. Properties are being offered together as a package and are not intended to be sold separately. Independence is listed at $3,600,000 and Flournoy at $1,500,000, for a combined portfolio price of $5,100,000. The property includes a mix of occupied and vacant units, offering immediate income with additional potential through increased occupancy. Owner pays heat, water and garbage; tenants are responsible for remaining utilities. Convenient North Lawndale location near Roosevelt Road, public transportation, major thoroughfares and neighborhood amenities. Financial information and additional property details are available to qualified buyers. Package sale provides investors an opportunity to acquire 51 units across two multifamily assets in one transaction.

Property Information

Property type

Commercial Sale

Sub-type

Multi Family

Year built

1926

Building area

18,216 Sq Ft

Lot size

0.44 acres

Lot dimensions

19200 sq ft

Zoning

MULTI

Days on market

18

MLS^® Listing#

12735613

Property Features

Construction

Brick

Financial Details

Annual taxes

$39,984Tax year 2023

Parcel number

16231040050000

Directions

Roosevelt Rd to Independence Blvd, south on Independence Blvd to property