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Browse More Listings in Multifamily For Sale, Chicago, IL or Illinois

Multifamily Property For Sale

7301 S King Drive

7301 S King Drive, Chicago, IL 60619

Price:
$299,000
No. Units:
6
Building Size:
5,000 SF
Price/Unit:
$49,833.33
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
2.5%
Cap Rate:
10.10%
Gross Rent Multiplier:
5.66
Occupancy:
100%
No. Stories:
2
Year Built:
1924
Lot Size:
9,000 SF
Tax ID / APN #:
20272160010000
Find Out More...

Last Verified 9/14/2009 Listing ID 16291010

Highlights

Two story bldg.
100% occupied.
Great, spacious floor plans.

Newer roof.

Description

Prime Park Manor : This Two story walk-up bldg consists of 2-5rm, 2 bedrooms; 2- 4rm, 1bedrooms; and 2-3.5 rm, 1 bedrooms. Central steam boiler providing heat.

73rd & king Drive is a great residential location with great demand for rental property.

Debt & Equity Information

Actual
Year
2009
Scheduled Gross Income
$52,800
Effective Gross Income
$50,160
Operating Expenses
$19,793
Net Operating Income
$30,367
Pre-Tax Cash Flow
$30,367

Description	No. Units	Avg. Mo. Rent	Sq. Ft.
5 room, 2bedrooms	2	$725	850
4 room, 1 bedroom	2	$675	750
3.5 room, 1 bedroom	2	$650	650

Map of 7301 S King Drive, Chicago, IL 60619 (Cook County)

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Presented by

Micklin Corp

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Contact Listing Broker

frank micklin (708) 952-4955

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Created 6/23/2009

Additional Information for 7301 S King Drive, Chicago, IL 60619

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 2 Historic Listings
Sales Comparables Available - 1 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale -

7301 S King Drive, Chicago, IL, 60619