Fulton Grace
Listed by Fulton Grace
$2,249,000
1256 S Independence Boulevard
Details
APN 16231030330000
Property Type Multifamily
Sub Type Apartment Building, Multi Family 5+
Square Footage 10,000
Units 18
Cap Rate 9.20%
NOI $214,765
Occupancy 100%
Year Built 1909
Stories 3
Multifamily | 18 Units | $124,944/unit
Marketing description
Cash or Conventional loans only, no owner financing, and sold AS-IS. 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.
Listing Contacts
Fulton Grace
Listed by Fulton Grace
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$214,765.00
$17,897.08/mo
Valuation Metrics
0
DSCR
9.55%
Cap Rate
9.55%
ROI
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Zoning
RT-4 ResidentialMulti FamilyResidential Two Flat Townhouse And Multi Unit District
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View all 49 uses Last updated Apr 28, 2026 For deeper zoning details, reports are available at Zoneomics
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