10212 South King Drive
10212 South King Drive
$995,000
20
12
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Description
10212 s. King is a twelve (12) unit courtyard building located in Chicago's historic Rosemoor neighborhood. Nestled amongst an abundance of single-family homes, and across the street from St. John De LaSalle Catholic School, this property offers easy access to local amenities, public transportation, and friendly community living. 10212 S. King is currently comprised of five (5) 1BD/1BA, six (6) 2BD/1BA, and one (1) 3BD/1BA units, with the first-floor 3BD/1BA recently converted into a spacious duplex-down...10212 s. King is a twelve (12) unit courtyard building located in Chicago's historic Rosemoor neighborhood. Nestled amongst an abundance of single-family homes, and across the street from St. John De LaSalle Catholic School, this property offers easy access to local amenities, public transportation, and friendly community living. 10212 S. King is currently comprised of five (5) 1BD/1BA, six (6) 2BD/1BA, and one (1) 3BD/1BA units, with the first-floor 3BD/1BA recently converted into a spacious duplex-down unit. Recent improvements to the building include, but are not limited to, updated porches, copper plumbing, individual furnaces & hot water tanks, and central air conditioning in five (5) of the twelve (12) units. Furthermore, the building include six (6) garage spots in the rear. Current ownership is presently not capitalizing on the garage. 10212 S. King presents an investor with the unique opportunity to acquire a stabilized, positive cash flowing asset with an in-place cap rate of just over 10%. Through raising rents to figures already being achieved in the building, there is an opportunity to gain a cap rate north of 12.5% and a cash on cash return of over 27%.
- Listed by Aaron Sklar • Kiser Group Realty Inc
- Listed by Noah Birk • Kiser Group Realty Inc
Property Details for 10212 South King Drive
Area
CHI - Roseland
Location
LISTING UPDATED: 05/22/2024 03:00 AM
Property Details for 10212 South King Drive
Status | Active |
---|---|
MLS # | 12013833 |
Days on Market | 64 |
Taxes | $10,719 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Multi Family 5+-Courtyard |
Year Built | 1922 |
Lot Size | 0.19 AC / 8,470 SF |
County | Cook County |
Location
Building Information for 10212 South King Drive
Stories-Residences12Year Built1922Building Size-Lot Size0.19 AC / 8,470 SF
Payment Calculator
$6,323 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 10212 South King Drive
Property History for 10212 South King Drive
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 10212 South King Drive
This home is within City Of Chicago School District 299.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 7 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Bennett Elementary School PublicPK to 8 | ||
Harlan Community Academy High School Public9 to 12 | ||
Poe Elementary Classical School PublicK to 7 | ||
Butler College Prep Charter9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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