11343 S King Dr - Apartments FOR SALE
Chicago, IL 60628 |
11343 S King Dr
Chicago, IL 60628
HIGHLIGHTS
- [9] 1-Bed | 1-Bath Units [3] 2-Bed | 1-Bath Units [1] 3-Bed | 1-Bath Unit
- Lease-up of vacant units will improve the average 1-bed rents from $983 to $1,025, 2-bed rents from $1,050 to 1,200, & the vacant 3-bed unit to $1,325
- Projected to generate $92k in NOI with proper asset management
- Current cap rate of 8.3%, projected to increase to 10.5% on a stabilized basis
- Through strategic renovations an incoming owner can unlock additional value
- Within walking distance to the Kensington South Shore Metra Electric Stop
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
9900
STORIES
3
YEAR BUILT
1930
PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
25-22-217-016-0000
