$420,000
$449,900
6.6%For more information regarding the value of a property, please contact us for a free consultation.
11429 S King Drive Chicago, IL 60628
7,114 SqFt
Key Details
Sold Price $420,000
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 7,114 sqft
Price per Sqft $59
MLS Listing ID 12017135
Sold Date 08/08/24
Year Built 1906
Annual Tax Amount $4,008
Tax Year 2022
Lot Dimensions 5544
Property Sub-Type Multi Family 5+
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!
Location
State IL
County Cook
Zoning MULTI
Interior
Cooling Window Unit(s)
Fireplace Y
Exterior
View Y/N true
Building
Structure Type Brick
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© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Tameka Lewis-Madkins • Keller Williams Preferred Rlty