10212 South King Drive

Chicago, IL 60628

$995,000
Price
20
Beds
12
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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%.
  1. Listed by Aaron Sklar • Kiser Group Realty Inc
  2. Listed by Noah Birk • Kiser Group Realty Inc

Property Details for 10212 South King Drive

Area
CHI - Roseland

Location

Listing Courtesy of Kiser Group Realty Inc
Add your commute
LISTING UPDATED: 05/22/2024 03:00 AM

Property Details for 10212 South King Drive

StatusActive
MLS #12013833
Days on Market64
Taxes$10,719 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Courtyard
Year Built1922
Lot Size0.19 AC / 8,470 SF
CountyCook County

Location

Listing Courtesy of Kiser Group Realty Inc
Add your commute

Building Information for 10212 South King Drive

Stories-Residences12Year Built1922Building Size-Lot Size0.19 AC / 8,470 SF

Payment Calculator

$6,323 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,430

Property Taxes

$893

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 10212 South King Drive

General Information
Addtl Parking Information
  • Open Parking Spaces: 6.0
Location and General Information
  • Information: List Broker Must Accompany,48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Heat/Ventilation: Individual Furnaces
  • Num of Baths: 12.0
Property/Lot Information
  • Tenant Pays: Air Conditioning, Electricity, Heat, Hot Water
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Courtyard
  • Lot Dimensions: 70' X 121'
  • Stories: 3
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 10
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 12
Income & Expenses
  • Electric Expense: $795.00
  • Fuel Expense: $200.00
  • Gross Income: $151,140.00
  • Gross Scheduled Income: $143,583.00
  • Insurance Expense: $4,296.00
  • Maintenance Expense: $5,100.00
  • Manager Expense: $7,179.00
  • Janitor Expense: 3600
  • Total Monthly Income: 12595
  • Net Operating Income: $99,840.00
  • Operating Expense: $43,743.00
  • Other Expense: $1,500.00
  • Trash Expense: $3,354.00
  • Water Sewer Expense: $7,000.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 5
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 6
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 10212 South King Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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10212 South King Drive is a multi-family home for sale in Chicago, IL 60628. This property was listed for sale on March 26, 2024 by Kiser Group Realty Inc, it's currently listed at $995,000. This listing's school district is City Of Chicago School District 299. Nearby schools include Bennett Elementary School, Harlan Community Academy High School and Poe Elementary Classical School. 10212 South King Drive is a 20-bed, 12-bath, multi-family home built in 1922.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kiser Group Realty Inc

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 05/22/2024 03:00 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.