11429 S King Drive
Chicago, IL, 60628
$449,900
Beds
0 Baths
7,114 SqFt
0 Acres
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$449,900
11429 S King Drive
Chicago, IL, 60628
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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!

Property Details

Price:
$449,900
MLS #:
MRD12017135
Status:
Active
Beds:
0
Baths:
0
Address:
11429 S King Drive
Type:
Commercial
City:
Chicago
Listed Date:
Apr 1, 2024
State:
IL
Finished Sq Ft:
7,114
ZIP:
60628
Year Built:
1906

Schools

Interior

Cooling
Window Unit(s)

Exterior

Construction Materials
Brick

Financial

Buyer Agent Compensation
2.5%- 500Gross Sale Price
Net Operating Income
$67,106
Tax Year
2022
Taxes
$4,008
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Debra Dobbs

Debra Dobbs

Realtor®

Phone 312 307-4909

Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.

More About Debra

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Courtesy of PIP Realty Group. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Chicago, IL. Detailed information about real estate listings held by brokerage firms other than Compass / The Debra Dobbs Group include the name of the listing broker. Neither the listing company nor Compass / The Debra Dobbs Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Chicago, IL. All rights reserved.
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11429 S King Drive
Chicago, IL