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4924 S KING Drive Chicago, IL 60615
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Key Details
Sold Price $1,300,000
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 13,000 sqft
Price per Sqft $100
MLS Listing ID 11958783
Sold Date 03/07/24
Year Built 1890
Annual Tax Amount $10,000
Tax Year 2021
Lot Dimensions 50.7 X 149.79
Property Description
Exceptional Investment Opportunity in Vibrant Bronzeville Set on Historic King Drive. Stately fully stabilized enormous all masonry center entrance side by side 6 residential units + 3 car garage and 3 gated exterior parking spaces NOI $146,695 /9.7% CAP. Largely Gut Renovated 2021 include interior unit demo to studs, electrical, plumbing, HVAC, H20, millwork, flooring, windows, kitchens, and baths, offer abundant choice for numerous investment objectives. Intelligent design, expansive floorplans, Unit Mix includes massive (5) 3 bedroom 2 Baths and (1) 5-bedroom 3 bath duplex. Significant appointments, professional grade kitchens, in suite primary bedroom/bath, resort inspired bathrooms, individual HVAC, washer dryers in units in 5 of 6 units, wide plank engineered flooring, decorative fireplaces flanked by built ins, designer lighting and front terraces are a soft sampling of all unit features. Palpable growth asset Exceptional location provides urban intimacy coupled with hyper-convenience and strong proximity to U of C ecosystem, Lakefront, Rush Medical Center, Loop, Green Line, Expressways. 48 hours' notice M-F 10am to 4pm to show. Rare opportunity to obtain sizeable footprint strategically positioned for continue long term growth. See brokers private remarks.
Location
State IL
County Cook
Zoning MULTI
Interior
Cooling Central Air, Central Individual
Fireplaces Number 6
Fireplace Y
Exterior
Utilities Available Sanitary Sewer
View Y/N true
Building
Foundation Other
Structure Type Brick,Stone
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Bought with Lauren Lampert • Compass