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4530 S King Drive Chicago, IL 60653
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Key Details
Sold Price $900,000
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 15,800 sqft
Price per Sqft $56
MLS Listing ID 11312110
Sold Date 05/22/23
Year Built 1884
Annual Tax Amount $10,514
Tax Year 2020
Lot Size 8,276 Sqft
Lot Dimensions 54 X 150
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.
Location
State IL
County Cook
Zoning MULTI
Interior
Cooling Window Unit(s)
Fireplaces Number 6
Fireplace Y
Exterior
Utilities Available Sanitary Sewer, Sewer-Storm Available, Water-Municipal
View Y/N true
Roof Type Reflective Coating
Others
HOA Fee Include None
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Bought with Alisa McLaughlin • Keller Williams ONEChicago