L
Seller's Agent in 2024
Latrease Davenport
PIP Realty Group
(708) 829-5325
8 in this area
31 Total Sales
11429 S King Dr Chicago, IL 60628
Roseland Neighborhood
16
Beds
10
Baths
7,114
Sq Ft
5,544
Sq Ft Lot Lot
About This Home
As of August 2024Great opportunity for the new or seasoned investor to acquire this 6-unit income-generating property. This property offers solid cash flow, has upward potential of 14% cap rate, and an upward potential of cash on cash return of 32%. The property has a new back porch (1-year old). The adjacent parking lot with separate PIN, 5 parking spaces, and a 2.5-car garage can generate additional income. Professionally managed. Being sold as-is. Four of the 6 units are currently leased. Perfect for the owner-occupant situation! Showings by appointment only. The property won't last long, schedule a showing today!
Last Agent to Sell the Property
PIP Realty Group License #475181288 Listed on: 04/01/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,008
Year Built
- Built in 1906
Lot Details
- 5,544 Sq Ft Lot
- Additional Parcels
Home Design
- Brick Exterior Construction
Interior Spaces
- 7,114 Sq Ft Home
- 2-Story Property
- Finished Basement
Bedrooms and Bathrooms
- 16 Bedrooms
- 10 Bathrooms
Utilities
- Window Unit Cooling System
- Forced Air Heating System
Listing and Financial Details
- Tenant pays for electricity, heat
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $500
- Fuel Expense $200
- Insurance Expense $3,000
- Maintenance Expense $1,500
- Manager Expense $7,200
- Water Sewer Expense $3,600
- Operating Expense $22,718
- Gross Income $81,624
- Net Operating Income $67,106
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/08/2024 08/08/24 | Sold | $420,000 | -6.6% | $59 / Sq Ft |
| 05/17/2024 05/17/24 | Pending | -- | -- | -- |
| 04/02/2024 04/02/24 | For Sale | $449,900 | -- | $63 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,384 | $40,400 | $3,326 | $37,074 |
| 2024 | $3,384 | $40,400 | $3,326 | $37,074 |
| 2023 | $3,301 | $16,000 | $7,207 | $8,793 |
| 2022 | $3,301 | $16,000 | $7,207 | $8,793 |
| 2021 | $3,226 | $15,999 | $7,207 | $8,792 |
| 2020 | $3,218 | $14,410 | $4,435 | $9,975 |
| 2019 | $3,299 | $16,376 | $4,435 | $11,941 |
| 2018 | $3,243 | $16,376 | $4,435 | $11,941 |
| 2017 | $5,214 | $24,168 | $3,880 | $20,288 |
| 2016 | $4,852 | $24,168 | $3,880 | $20,288 |
| 2015 | $4,440 | $24,168 | $3,880 | $20,288 |
| 2014 | $4,662 | $25,065 | $3,326 | $21,739 |
| 2013 | $4,569 | $25,065 | $3,326 | $21,739 |
Source: Public Records
Agents Affiliated with this Home
-
Latrease Davenport
-
Tameka Lewis-Madkins
Buyer's Agent in 2024
Tameka Lewis-Madkins
Keller Williams Preferred Rlty
(847) 445-0542
7 in this area
105 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12017135
APN: 25222230110000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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