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11429 S King Drive, Chicago, IL 60628
$449,900
11429 S King Drive, Chicago, IL 60628View this property at 11429 S King Drive, Chicago, IL 60628
11429 S King DriveChicagoIL60628
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Property 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 situation! Showings by appointment only. The property won't last long, schedule a showing today!
Full Property Details
Full Property Details for 11429 S King Dr
General
- Price: $449,900
- HOA FEE: $1,500
- Taxes: $4,008 (2022)
- Status: Active
- Type: Commercial
- MLS ID: 12017135
- Updated: 4/8/2024
- Added to Site: 33 day(s) ago
Additional Information
- Security/Safety: Smoke or Fire Protectors, Carbon Monoxide Detector(s)
Parking
- Parking Features: 1 to 5 Spaces
Location
- Area: CHI - Roseland
- County: Cook
- Driving Directions: King Drive north or south to address
- Location Details: In City Limits
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Forced Air
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 2
- Square Feet: 7,114
- Current Bldg. Use: Multi-Family
- Year Built: 1906
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 6
- Units w/Range/Oven: 6
Lot Features
- Lot Size (Sq. Ft.): 5,544
- Lot Dimensions: 5544
- Frontage: City Street
- Potential Use: Multi-Family
- Zoning: MULTI
Financial Considerations
- Maint. Fee: $1,500
- Insurance Fee: $3,000
- Operating Expenses: $22,718
- Security Deposit: Smoke or Fire Protectors, Carbon Monoxide Detector(s)
- Assessment Year: 1906
- Tax Amount: $4,008
- Tax Year: 2022
- Tenant Pays: Electricity, Heat
- Pays Electric: 500
Disclosures and Reports
- Property ID: 25222230110000
Listed by PIP Realty Group
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Schools
Schools serving 11429 S King Dr
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
11311 S Forrestville Ave, Chicago, IL 60628 | PK-8 | 0.3 mi | |
821 E 103rd St, Chicago, IL 60628 | 9-12 | 1.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 11429 S King Dr
Date
Details
Price
Change
Source
4/01/2024
Listed
$449,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 11429 S King Dr
Year
Property Taxes
Change
Tax Assessment
Change
2022
$3,301
2%
$15,999
—
2021
$3,226
—
$15,999
11%
2020
$3,218
-2%
$14,410
-12%
2019
$3,299
2%
$16,376
—
2018
$3,243
-38%
$16,376
-32%
2017
$5,214
7%
$24,168
—
2016
$4,852
9%
$24,168
—
2015
$4,440
-5%
$24,168
-4%
2014
$4,662
2%
$25,065
—
2013
$4,569
1%
$25,065
—
2012
$4,508
—
$25,065
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 11429 S King Dr
11429 S King Drive, Chicago, IL 60628 (MLS# 12017135) is a Commercial property. 11429 S King Drive is currently listed for $449,900 and was received on April 01, 2024. Want to learn more about 11429 S King Drive? Do you have questions about finding other Commercial real estate for sale in Roseland? You can browse all Roseland real estate or contact a Coldwell Banker agent to request more information.