11429 South King Drive
11429 South King Drive
$449,900
16
10
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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...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!
- Listed by Latrease Davenport • PIP Realty Group
Property Details for 11429 South King Drive
Area
CHI - Roseland
Num of Interior Fireplaces0
ZoningMULTI
Location
LISTING UPDATED: 04/08/2024 12:06 AM
Property Details for 11429 South King Drive
Status | Active |
---|---|
MLS # | 12017135 |
Days on Market | 37 |
Taxes | $4,008 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Flats |
Year Built | 1906 |
Lot Size | 0.13 AC / 5,544 SF |
County | Cook County |
Location
Building Information for 11429 South King Drive
Stories-Residences6Year Built1906Building Size-Lot Size0.13 AC / 5,544 SF
Payment Calculator
$2,789 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 11429 South King Drive
Property History for 11429 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.
Public Records for 11429 South King Drive
Taxable ValueLand$7,207Additions$8,792Total$15,999
Tax Record2022$3,301 ($275 / month)
Home Facts
Baths6Total Finished SqFt7,114 SqFtAbove Grade Finished SqFt7,114 SqFtStories2Lot Size5,544 SqFtStyleMulti-Family Res (5+ Units)Year Built1906CountyCOOKAPN25-22-223-011
Schools near 11429 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 | |||
Charter - | K to 8 | |||
Charter - | 5 to 12 |
Rating | School | Distance |
---|---|---|
Pullman Elementary School PublicPK to 8 | ||
Corliss High School Public9 to 12 | ||
CICS Prairie CharterK to 8 | ||
Chicago Collegiate Charter School Charter5 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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