5624 S King Dr - Apartments FOR SALE


Chicago, IL 60637- Washington Park
$965,000 USD
248-977-0226
5624 S King Dr, Chicago, IL for Sale
$965,000 USD
Apartments - FOR SALE
1/14
null | 6.3% Cap Rate

5624 S King Dr
Chicago, IL 60637
Washington Park


OVERVIEW

Interra Realty has been exclusively engaged to present for sale 5624-26 S. King Drive. Located in the fast appreciating Washington Park submarket, the subject property is a center entrance 7 unit building featuring (4) 4 BD/2 BA, (2) 3 BD/2 BA, & (1) 2 BD/1 BA. There is (1) non conforming garden unit, a 2 story garage in the rear of the property that is rented to a local business, and a laundry room on site for tenant convenience There is a significant value add component through the cosmetic renovation of apartment units by upgrading the kitchens and baths to condo quality standard and bringing rents to the top of the market

FOR SALE DETAILS

PRICE

$965,000 USD

PRICE/SF

$118 USD /SF

# OF UNITS

7

PRICE/UNIT

$137,857

CAP RATE

6.3%

% LEASED

86%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1908

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,229 SF

ZONING

RM-5

APN/PARCEL ID

20-15-112-020-0000,20151120200000

ASK ABOUT THIS PROPERTY

Max GrossmanInterra RealtyMore Info
248-977-0226

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Max GrossmanInterra RealtyMore Info
248-977-0226

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