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Investment Highlights

  • 4 BUILDINGS ON 1 BLOCK
  • 81% 2 & 3-BEDROOM APARTMENTS
  • AHSAP TAX REDUCED INCENTIVE STATUS
  • 3 OF 4 BUILDINGS OVERLOOKING PALMER PARK
  • FRESHLY REHABBED BUILDINGS AND APARTMENT INTERIORS
  • 2 BLOCKS TO PULLMAN ELEMENTARY SCHOOL & TO METRA TRAIN STATION (PULLMAN)

Executive Summary

Apartment Investment Advisers, LLC ("AIA") has been granted the exclusive right to market and sell the subject property.
AIA is a Chicago-based commercial real estate brokerage firm focused exclusively on the marketing and sale of multifamily properties throughout the Chicago metropolitan area. The firm has represented it's clients in the sale of more than 500 apartment buildings totaling in excess of 10,000 apartment units and over $1,000,000,000 in sales volume.
For more information, please contact AIA:
info@aia-chicago.com | aia-chicago.com | 773.799.9299

Property Facts

Price $3,525,000
Price Per Unit $95,270
Sale Type Investment
Cap Rate 10.09%
Gross Rent Multiplier 5.41
No. Units 37
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Building Size 50,000 SF
No. Stories 3
Year Built 1923
Opportunity Zone Yes
Fairly walkable
50/100
Very drivable
80/100
Strong public transit
80/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
25-22-201-002-0000
Land Assessment
$2,400
Improvements Assessment
$12,600
Total Assessment
$15,000
  • Listing ID: 40546365

  • Date on Market: 5/15/2026

  • Last Updated:

  • Address: 11201 S King Dr, Chicago, IL 60628

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