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4924 S King Drive, Chicago, IL 60615
$1,300,000
4924 S King Drive, Chicago, IL 60615View this property at 4924 S King Drive, Chicago, IL 60615
4924 S King DriveChicagoIL60615
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Property Description
Exceptional Investment Opportunity in Vibrant Bronzeville Set on Historic King Drive. Stately fully stabilized enormous all masonry center entrance side by side 6 residential units + 3 car garage and 3 gated exterior parking spaces NOI $146,695 /9.7% CAP. Largely Gut Renovated 2021 include interior unit demo to studs, electrical, plumbing, HVAC, H20, millwork, flooring, windows, kitchens, and baths, offer abundant choice for numerous investment objectives. Intelligent design, expansive floorplans, Unit Mix includes massive (5) 3 bedroom 2 Baths and (1) 5-bedroom 3 bath duplex. Significant appointments, professional grade kitchens, in suite primary bedroom/bath, resort inspired bathrooms, individual HVAC, washer dryers in units in 5 of 6 units, wide plank engineered flooring, decorative fireplaces flanked by built ins, designer lighting and front terraces are a soft sampling of all unit features. Palpable growth asset Exceptional location provides urban intimacy coupled with hyper-convenience and strong proximity to U of C ecosystem, Lakefront, Rush Medical Center, Loop, Green Line, Expressways. 48 hours' notice M-F 10am to 4pm to show. Rare opportunity to obtain sizeable footprint strategically positioned for continue long term growth. See brokers private remarks.
Full Property Details
Full Property Details for 4924 S King Dr
General
- Sold For: $1,300,000
- Taxes: $10,000 (2021)
- Status: Closed
- Type: Commercial
- MLS ID: 11958783
- Added to Site: 119 day(s) ago
Interior
- Fireplace: Yes
Additional Information
- Security/Safety: Smoke or Fire Protectors, Carbon Monoxide Detector(s)
Parking
- Parking Features: 1 to 5 Spaces
Location
- Area: CHI - Grand Boulevard
- County: Cook
- Driving Directions: 47th and King Drive , South 2 blocks to 49th on inner drive West side of Street.
- Location Details: Enterprise Zone, TIF Zone
Heating & Cooling
- Cooling Type: Central Air Conditioning, Central Individual
- Heating Type: Central Heat/Individual Controls
Utilities
- Onsite: Sanitary Sewer
Structural Information
- Construction: Brick, Stone
- Exterior Const.: Brick, Stone
- Foundation: Other
- Stories/Levels: 3
- Square Feet: 13,000
- Current Bldg. Use: Multi-Family
- Year Built: 1890
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 6
- Units w/Range/Oven: 6
- # Dryers: 5
Lot Features
- Lot Size (Sq. Ft.): 7,607
- Lot Dimensions: 50.7 x 149.79
- Frontage: City Street
- Potential Use: Condominium
- Zoning: MULTI
Financial Considerations
- Operating Expenses: $34,508
- Security Deposit: Smoke or Fire Protectors, Carbon Monoxide Detector(s)
- Assessment Year: 1890
- Tax Amount: $10,000
- Tax Year: 2021
- Tenant Pays: Air Conditioning, Electricity, Heat, Hot Water
Disclosures and Reports
- Documents Avail.: Appraisal, Rent Roll, Leases, Existing Survey
- Property ID: 20101170290000
Listed by North Clybourn Group, Inc.
Sold by Compass
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Schools
Schools serving 4924 S King Dr
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
5356 S King Dr, Chicago, IL 60615 | PK-8 | 0.5 mi | |
244 E Pershing Rd, Chicago, IL 60653 | 9-12 | 1.4 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 4924 S King Dr
Date
Details
Price
Change
Source
3/07/2024
Sold
$1,300,000
-13.28%
MLS
1/11/2024
Listed
$1,499,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
4924 S King Drive, Chicago, IL 60615 (MLS# 11958783) is a Commercial property that was sold at $1,300,000 on March 07, 2024. Want to learn more about 4924 S King Drive? Do you have questions about finding other Commercial real estate for sale in Grand Boulevard? You can browse all Grand Boulevard real estate or contact a Coldwell Banker agent to request more information.