Address
11429 S King Drive, Chicago, IL
Price
$ 449,900
Property Attributes
- MLS#12017135
- TypeContingent
- CountyCOOK
- CityChicago
- AreaCHI - Roseland
- NeighborhoodRoseland
- Zip60628
- StyleMulti-Family
- Year Built1906
- Taxes$ 4008
- Price$ 449,900
- Bedrooms5
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage7114
- Lot Size0.127273 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Great opportunity for the new or seasoned investor to acquire this 6-unit income-generating property. This property offers solid cash flow, has upward potential of 14% cap rate, and an upward potential of cash on cash return of 32%. The property has a new back porch (1-year old). The adjacent parking lot with separate PIN, 5 parking spaces, and a 2.5-car garage can generate additional income. Professionally managed. Being sold as-is. Four of the 6 units are currently leased. Perfect for the owner-occupant situation! Showings by appointment only. The property won't last long, schedule a showing today!
| Price History | |
|---|---|
| 4/2/2024 | Listed $449,900 |
General Features
| Cooling | Window Unit(s) |
|---|---|
| Possession | Closing |
| Zoning | MULTI |
| Construction Materials | Brick |
| Year Built | 1906 |
| Electric | Circuit Breakers |
| Tenant Pays | Electricity,Heat |
| Stories | 2 |
| Tax Year | 2022 |
| Current Use | Multi-Family |
| Gross Income | 81624 |
| County | Cook |
| Net Operating Income | 67106 |
| Operating Expense | 22718 |
| Insurance Expense | 3000 |
| Property Type | Commercial Sale |
| Contingency | Attorney/Inspection |
| MaintenanceExpense | 1500 |
| Possible Use | Multi-Family |
| Status | Contingent |
| Directions | King Drive north or south to address |
| City | Chicago |
| Total Units | 6 |
| MLS Area | CHI - Roseland |
| Lot Size Square Feet | 5544 |
| Street Name | King |
| Tax Annual Amount | 4008 |
| Electric Expense | 500 |
| Fuel Expense | 200 |
| Water Sewer Expense | 3600 |
| Additional Parcels Y/N | Yes |
| Days on Market | 53 |
| Standard Status | Active Under Contract |
| Property Type | Multi Family 5+ |
Interior Features
| Street Suffix | Drive |
|---|---|
| Basement | Finished |
Exterior Features
| Building Area Total | 7114 |
|---|---|
| Lot Dimensions | 5544 |
| Frontage Type | City Street |
| Exterior | Brick |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Contingent Average in 60628
Price
Taxes
Visits
Year Built
