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10812 S King Dr 6 Unit Apartment Building $450,000 ($75,000/Unit) 8.50% Cap Rate Chicago, IL 60628
Investment Highlights
- 6 units with 3 2bed and 3 1bed units
- First floor front unit is duplexed down. Opportunity to seal off and convert to 2 separate units
- Radiant heat
- Average units size of 1,050 sf
- Separately metered for cooking gas and electric
- Property located in a federally designated Opportunity Zone
Property Facts
| Price | $450,000 | Building Class | C |
| Price Per Unit | $75,000 | Lot Size | 0.10 AC |
| Sale Type | Investment | Building Size | 6,321 SF |
| Cap Rate | 8.50% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1915 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RT-4 | ||
| Price | $450,000 |
| Price Per Unit | $75,000 |
| Sale Type | Investment |
| Cap Rate | 8.50% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 6,321 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1915 |
| Opportunity Zone |
Yes |
| Zoning | RT-4 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 3 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 25-15-315-020-0000 | Improvements Assessment | $25,938 |
| Land Assessment | $2,562 | Total Assessment | $28,500 |
Property Taxes
Parcel Number
25-15-315-020-0000
Land Assessment
$2,562
Improvements Assessment
$25,938
Total Assessment
$28,500
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