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11343 S King Dr 13 Unit Apartment Building $675,000 ($51,923/Unit) 9.80% Cap Rate Chicago, IL 60628
Investment Highlights
- Professional Offering Memorandum Available Upon Request
- Opportunity to Add Value by Leasing Currently Vacant Units
- Close Proximity to Kensington South Shore Metra Electric Stop
- 51K/Unit
- Favorable Mix of [9] 1BD/1BA, [3] 2BD/1BA, [1] 3BD/1BA Units
Executive Summary
Nara Realty Advisors is pleased to exclusively present for sale 11343 S King Dr, a 13-unit apartment building located in Chicago's Pullman neighborhood.
Property Facts
| Price | $675,000 | Apartment Style | Low-Rise |
| Price Per Unit | $51,923 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 9.80% | Building Size | 9,900 SF |
| No. Units | 13 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RT-4 - Residential Two-Flat, Townhouse and Multi-Unit District | ||
| Price | $675,000 |
| Price Per Unit | $51,923 |
| Sale Type | Investment |
| Cap Rate | 9.80% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 9,900 SF |
| No. Stories | 3 |
| Year Built | 1930 |
| Opportunity Zone |
Yes |
| Zoning | RT-4 - Residential Two-Flat, Townhouse and Multi-Unit District |
Amenities
Unit Amenities
- Kitchen
- Granite Countertops
- Hardwood Floors
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | - |
| 2+1 | 3 | - | - |
| 3+1 | 1 | - | - |
1 1
Fairly walkable
40/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 25-22-217-016-0000 | Improvements Assessment | $58,000 |
| Land Assessment | $11,200 | Total Assessment | $69,200 |
Property Taxes
Parcel Number
25-22-217-016-0000
Land Assessment
$11,200
Improvements Assessment
$58,000
Total Assessment
$69,200
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11343 S King Dr
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