8039 South King Drive

Chicago, IL 60619

$895,000
Price
9
Beds
17
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

17-unit apartment building located at 8039 S King Drive in the Chatham neighborhood of Chicago. Situated on a spacious 13,375 square-foot lot, the property features ample onsite parking-a highly sought-after amenity in this densely populated area. While some units have received recent updates, this property presents investors with an exciting opportunity to complete renovations and unlock value by significantly boosting revenue. The property offers easy access to I-90 and I-94, just a short drive...17-unit apartment building located at 8039 S King Drive in the Chatham neighborhood of Chicago. Situated on a spacious 13,375 square-foot lot, the property features ample onsite parking-a highly sought-after amenity in this densely populated area. While some units have received recent updates, this property presents investors with an exciting opportunity to complete renovations and unlock value by significantly boosting revenue. The property offers easy access to I-90 and I-94, just a short drive away. Public transportation is easily accessible with the 79th Street Red Line CTA station just a short walk away.
  1. Listed by Steven Rapoport • Chicago Real Estate Resources

Property Details for 8039 South King Drive

Area
CHI - Chatham

Location

Listing Courtesy of Chicago Real Estate Resources
Add your commute
LISTING UPDATED: 05/03/2024 11:32 AM

Property Details for 8039 South King Drive

StatusContingent
MLS #12002803
Days on Market52
Taxes$11,708 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1963
Lot Size0.32 AC / 13,750 SF
CountyCook County

Location

Listing Courtesy of Chicago Real Estate Resources
Add your commute

Building Information for 8039 South King Drive

Stories-Residences17Year Built1963Building Size-Lot Size0.32 AC / 13,750 SF

Payment Calculator

$5,860 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,884

Property Taxes

$976

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 8039 South King Drive

General Information
Addtl Parking Information
  • Open Parking Spaces: 14.0
Location and General Information
  • Information: None
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Heat/Ventilation: Radiators
  • Num of Baths: 17.0
Property/Lot Information
  • Tenant Pays: Varies by Tenant
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Other
  • Lot Dimensions: 110 X 125
  • Stories: 2
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 5
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 17
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $156,720.00
  • Gross Scheduled Income: $156,720.00
  • Insurance Expense: $.00
  • Maintenance Expense: $.00
  • Total Annual Expense Source: Combination
  • Janitor Expense: 0
  • Total Monthly Income: 13060
  • Net Operating Income: $76,229.00
  • Operating Expense: $72,655.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 9
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 8
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
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 8039 South King Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 8039 South King Drive

Taxable ValueLand$10,031Additions$41,095Total$51,126
Tax Record2017$11,005 ($917 / month)
Home Facts
Stories3Lot Size13,484 SqFtStyleMulti-Family Res (5+ Units)Year Built1963CountyCOOKAPN20342080420000

Schools near 8039 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 - PK to 8
Charter - 6 to 12
Rating
School
Distance
Ruggles Elementary School
PublicPK to 8

Hirsch Metropolitan High School
Public9 to 12

Perspectives Chtr - Leadership Ac
Charter6 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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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 Chicago Real Estate Resources

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 05/03/2024 11:32 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.