10409 S King Dr - Apartments FOR SALE


Chicago, IL 60628- Roseland
$500,000 USD
773-293-5090
10409 S King Dr, Chicago, IL for Sale
$500,000 USD
Apartments - FOR SALE
1/6
null | 9% Cap Rate

10409 S King Dr
Chicago, IL 60628
Roseland


HIGHLIGHTS

  • Five (5) 1Bd/1Ba & One (1) 2Bd/1Ba
  • Spacious Units w/ Separate Living & Dining Rooms
  • New Hot Water Tanks & Modern Peerless Boiler
  • Updated 400 Amp Electric Service
  • 100% Copper Plumbing
  • Five (5) Garage Spaces

OVERVIEW

Kiser Group is pleased to exclusively offer for purchase 10409 S. King, a six (6) unit building located in Chicago's historic Pullman neighborhood. The building sits just a few blocks from the Metra station which provide tenants with easy access to all public transportation throughout Chicago and a quick commute to Chicago’s Downtown. 10409 S. King is comprised of five (5) spacious 1Bd/1Ba and one (1) 2Bd/1Ba units. The apartments feature modern kitchens & baths and large living rooms with hardwood floors throughout. Recent improvements to the building include, but are not limited to: copper plumbing, newer hot water tanks, a modern Peerless boiler, and separate garage spaces. 10409 S. King presents an investor an incredible opportunity to acquire a stabilized, cash-flowing asset in Chicago’s Pullman neighborhood. With the current operation from day one, an investor will realize a 9% cap rate and a 13.25% cash return. By increasing rent already achieved in the area, an investor can achieve a cap rate of 11.79% and a 24.39% cash return.

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$83 USD /SF

# OF UNITS

6

PRICE/UNIT

$83,333

CAP RATE

9%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

25-15-207-003-0000

ASK ABOUT THIS PROPERTY

Noah BirkKiser GroupMore Info
773-293-5090

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Noah BirkKiser GroupMore Info
773-293-5090

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.