11429 S King Drive Chicago, IL ^$ 449,900

11429 S King Drive

^$ 449,900

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11429 S King Drive

Chicago, IL, 60628

^$ 449,900

Bedrooms5 Baths0.0 Sq 7,114

Monthly Estimate*

^$ 2,990

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Multi-Family Home for sale in Chicago, IL

for $449,900 with 5 bedrooms. This 7,114 square foot home was built in 1906 on a lot size of 0.127273.

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!

Multi-Family Contingent

Price

^$ 449,900

Bedrooms

Property Type

Multi-Family

Taxes

^$ 4,008

Style

Multi-Family

Lot Size

0.127273

Year Built

1906

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12017135

Features

General

Cooling Window Unit(s)

Possession Closing

Zoning MULTI

Construction Materials Brick

Year Built 1906

Electric Circuit Breakers

Tenant Pays Electricity Heat

Stories 2

Tax Year 2022

Current Use Multi-Family

Gross Income 81624

County Cook

Net Operating Income 67106

Operating Expense 22718

Insurance Expense 3000

Property Type Commercial Sale Multi Family 5+

Contingency Attorney/Inspection

Possible Use Multi-Family

Status Contingent

Directions King Drive north or south to address

City Chicago

NumberOfUnitsTotal 6

MLS Area CHI - Roseland

Lot Size Square Feet 5544

Street Name King

Tax Annual Amount 4008

Electric Expense 500

Fuel Expense 200

Trash Expense 0

Water Sewer Expense 3600

Additional Parcels Y/N Y

Days on Market 53

Standard Status Active Under Contract

Interior

Total Fireplaces 0

Street Suffix Drive

Basement Finished

Exterior

Building Area Total 7114

Lot Dimensions 5544

Frontage Type City Street

Exterior Brick

* Excluded Features

List By

Pip Realty Group

Broker

tdavenport@piprealtygroup.com

Affordability Calculator

$3,324

Per Month

Monthly Principal & Interest: $2,990
Monthly Property Taxes: $334
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$643,097

Percent of Sale Price 43%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/2/2024	$449,900		Listed Price

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11429 S King Drive, Chicago, IL, 60628 is a Multi-Family Home for sale at $449,900 with 7,114 sqft and a lot size of 0.127273. 11429 S King Drive has 5 bedrooms, 0.0 baths, and was built in 1906. The property's zip code is 60628 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 6/10/2024.

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11429 S King Drive

Multi-Family Home for sale in Chicago, IL

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