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4924 S King Drive

Chicago, IL 60615
  • $1,799,000
  • STATUS: Active
  • ON SITE: 234 Days
  • MLS #: 11428925
UPDATED: 10 min ago
$1,799,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1890
County:

School Ratings & Info

Description

Three Story, Multi Family Building in Bronzeville, on S King Drive, just South of 49th. Newly Renovated Apartments with modern interior design, stunning original masonry and gate secured three car garage, just off the alley. Building is ready to either condo or lease at your own rate; similar simplex comps are at $375k each and duplex comps at $425k each. First level has two duplex down 5BD/3BA apartments (rent at $3300 per month). Second and third level feature four - 3BD/2BA (1700 SF) simplexes (rent at $2700-$2800 per month). New finishes include but not limited to: hardwood floors throughout, tons of natural light, private balcony, stainless steel appliances, in-unit laundry and updated HVAC. Each unit boasts large living/dining/kitchen area, primary bedroom with attached en-suite and additional bedrooms that can comfortably accommodate a queen bed. Utilities are separately metered, renters pay for gas and electric. Management in place. Quick Drive to the Hyde Park Shopping and Dining District, Lake Michigan or steps from the train station. 0.4 Miles to the 47th Green line train station, multiple bus stops and close access to the Expressway or Lakeshore Drive.

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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 2023-01-28T23:57:22.823 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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4924 S King Drive Chicago, IL 60615

  • Price: $1,799,000
  • Status: Active
  • On Site: 234 Days
  • Updated: 10 min ago
  • MLS #: 11428925
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1890
Built
Neighborhood:
Chi - Grand Boulevard
County:
Cook
Area:
Chi - Grand Boulevard
Property Description
Three Story, Multi Family Building in Bronzeville, on S King Drive, just South of 49th. Newly Renovated Apartments with modern interior design, stunning original masonry and gate secured three car garage, just off the alley. Building is ready to either condo or lease at your own rate; similar simplex comps are at $375k each and duplex comps at $425k each. First level has two duplex down 5BD/3BA apartments (rent at $3300 per month). Second and third level feature four - 3BD/2BA (1700 SF) simplexes (rent at $2700-$2800 per month). New finishes include but not limited to: hardwood floors throughout, tons of natural light, private balcony, stainless steel appliances, in-unit laundry and updated HVAC. Each unit boasts large living/dining/kitchen area, primary bedroom with attached en-suite and additional bedrooms that can comfortably accommodate a queen bed. Utilities are separately metered, renters pay for gas and electric. Management in place. Quick Drive to the Hyde Park Shopping and Dining District, Lake Michigan or steps from the train station. 0.4 Miles to the 47th Green line train station, multiple bus stops and close access to the Expressway or Lakeshore Drive.
Exterior Features

Outdoor Parking 1-5 Spaces Parking Total 5

Interior Features

Heat Ventilation Central Heat/Indiv Controls Number Of Dishwashers 6 Number Of Dryers 6 Number Of Ranges 6 Number Of Washers 6

Property Features

Additional Parcels YN No Approximate Age Older Built Before1978 YN Yes Gross Income 217800 Gross Scheduled Income 217800 Insurance Expense 6700 Maintenance Expense 0 Mls Actual Status Active Net Operating Income 160820 Operating Expense 56980 Tax Annual Amount 25000 Tax Year 2020 Tenant Pays Air ConditioningElectricityHeatScavengerSewer Total Monthly Income 18150 Type Multi Family 5+

Listing information © 2023 Midwest Real Estate Data LLC.
Listing provided courtesy of @Properties Commercial: 312-506-0200.


© 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 2023-01-28T23:57:22.823 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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Champaign IL, 61822