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4530 S King Drive

Chicago, IL 60653
  • $1,200,000
  • STATUS: Active
  • ON SITE: 369 Days
  • MLS #: 11312110
UPDATED: 31 min ago
$1,200,000
  • 0
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1884
County:

School Ratings & Info

Description

100% occupancy with most families long term tenants. Walk in as a new building owner and start making money first day. Huge 4 and 3 bedroom units offer 2030 SQ FT and 1920 SQ FT (respectively) of living space. Historic Bronzeville district is attracting families as well as investors with lots of opportunities. It is one of Chicago's most desirable and appreciating neighborhoods. Short walking distance to Marianos and restaurants, train station, close to Expressway, 10 mins South of Downtown Chicago. Big ticket capital improvements already done: New Roof end of 2020, Tuckpointing summer of 2020, New Chimney 2020, Lots of new windows 2020-2022, North tear units have brand new plumbing in kitchen (city inspected and passed), couple units have newly updated living rooms with new electrical (city inspected and passed) and new windows. New building entrance door is coming soon. Garage is rented to the neighbor for $100/month cash or zelle. Possible extra income by adding washer and dryer in the laundry area.

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© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2023-01-31T08:57:34.48 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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4530 S King Drive Chicago, IL 60653

  • Price: $1,200,000
  • Status: Active
  • On Site: 369 Days
  • Updated: 31 min ago
  • MLS #: 11312110
0
Beds
0
Baths
0
½ Baths
0.19
Acres
1884
Built
Neighborhood:
Chi - Grand Boulevard
County:
Cook
Area:
Chi - Grand Boulevard
Property Description
100% occupancy with most families long term tenants. Walk in as a new building owner and start making money first day. Huge 4 and 3 bedroom units offer 2030 SQ FT and 1920 SQ FT (respectively) of living space. Historic Bronzeville district is attracting families as well as investors with lots of opportunities. It is one of Chicago's most desirable and appreciating neighborhoods. Short walking distance to Marianos and restaurants, train station, close to Expressway, 10 mins South of Downtown Chicago. Big ticket capital improvements already done: New Roof end of 2020, Tuckpointing summer of 2020, New Chimney 2020, Lots of new windows 2020-2022, North tear units have brand new plumbing in kitchen (city inspected and passed), couple units have newly updated living rooms with new electrical (city inspected and passed) and new windows. New building entrance door is coming soon. Garage is rented to the neighbor for $100/month cash or zelle. Possible extra income by adding washer and dryer in the laundry area.
Exterior Features

Exterior Building Type BrickStone Frontage Type City StreetPublic Road Land Amenities Curbs And GuttersSidewalks Parking Total 4 Roof Reflective Coating Roof Structure Flat

Interior Features

Cooling Window Unit(S) Fireplaces Total 6 Heat Ventilation Radiators Number Of Dishwashers 3 Number Of Ranges 7

Property Features

Additional Parcels YN No Approximate Age Older Association Fee Includes None Building Area Total 15800 Built Before1978 YN Yes Current Use Multi-Family Electric Circuit Breakers Gross Income 10700 Gross Scheduled Income 128400 Insurance Expense 6447 Maintenance Expense 0 Mls Actual Status Active Net Operating Income 85122 Operating Expense 43278 Ownership Types Limited Liability Corp Possible Use Multi-Family Seller Needs Cash Tax Annual Amount 10514 Tax Year 2020 Tenant Pays ElectricityOther Total Monthly Income 7094 Township Hyde Park Type Multi Family 5+ Utilities Sanitary SewerSewer-Storm AvailableWater-Municipal Zoning Multi

Listing information © 2023 Midwest Real Estate Data LLC.
Listing provided courtesy of Usa Realty Group Inc: 888-655-4515.


© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2023-01-31T08:57:34.48 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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