Description for
11429 S King DriveChicago, IL 60628
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!
Price
$449,900
Cook
7,114 (approx)
12017135
Active
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!
Listing Information
Property Type: Multi-Family, Business Opportunities, 2 Story
0.13 Acres
7,114 (approx)
1906
2
Brick
Multi-Family
6 Total
Multi-Family
Neighborhood
Room Information
Interior Features
Window Unit(s)
Finished
Exterior / Lot Features
Brick
5544
MULTI
Driving Directions
King Drive north or south to address
Financial Considerations
25222230110000
$4,008
Listing Price History
Chicago Real Estate
Chicago is located in Illinois.
Chicago, Illinois 60628 has a population of 2,781,445.
The median household income in Chicago, Illinois 60628 is
$42,545.
The median household income for the surrounding county is $68,916
compared to the national median of $66,222.
The median age of people living in Chicago 60628 is 38 years.
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Courtesy: PIP Realty Group
Listings courtesy of MRED as distributed by MLS GRID
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