NOT LISTED FOR SALE

11429 S King Dr Chicago, IL 60628

Roseland Neighborhood
16 Beds
10 Baths
7,114 Sq Ft
5,544 Sq Ft Lot

Sale Details

Date Sold: August 8, 2024

Last sale price $420,000 $59 Per Sq Ft

44 Days on Market

About This Home

As of August 2024

Great 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

Latrease Davenport

PIP Realty Group License #475181288 Listed on: 04/01/2024

Last Buyer's Agent

Tameka Lewis-Madkins

Keller Williams Preferred Rlty License #475167275

Keller Williams Preferred Rlty

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,008

Year Built

Built in 1906

Lot Details

5,544 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 2
  • Year Built: 1906
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 10
  • Total Bedrooms: 16
  • Possible Use: Multi-Family
  • Basement Description: Finished
  • Fire Protection: Smoke or Fire Protectors,Carbon Monoxide Detector(s)
  • Fireplaces: 0
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Frontage Type: City Street
  • Exterior Building Type: Brick

Garage/Parking

  • Outdoor Parking: 1-5 Spaces
  • Indoor Parking: 1-5 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Electric: Circuit Breakers
  • Heat/Ventilation: Forced Air
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Manager Expense: 7200
  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Water Sewer Expenses: 3600

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 5544
  • Lot Size Sq Ft: 5544
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 8

Building Info

  • BuildingAreaTotal: 7114

Multi Family

  • Net Operating Income: 67106
  • Fuel Expense: 200
  • Insurance Expense: 3000
  • ElectricExpense: 500
  • GrossIncome: 81624
  • Maintenance Expense: 1500
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 22718
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 4008
  • Tax Year: 2022

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2024
Closed on
Jul 29, 2024
Sold by
Bought by
Seller's Agent
Latrease Davenport
PIP Realty Group
Buyer's Agent
Tameka Lewis-Madkins
Keller Williams Preferred Rlty
List Price
$449,900
Sold Price
$420,000
Premium/Discount to List
-$29,900
-6.65%
Views
180

Purchase Details

Closed on
Jun 29, 2013
Sold by
Bought by

Purchase Details

Closed on
Nov 4, 2011
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$420,000 None Listed On Document
-- Attorneys Title Guaranty Fun
-- None Available
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

  • L

    Seller's Agent in 2024

    Latrease Davenport

    PIP Realty Group

    (708) 829-5325

    9 in this area

    34 Total Sales

    Latrease Davenport
    Section Image
  • Tameka Lewis-Madkins

    Buyer's Agent in 2024

    Tameka Lewis-Madkins

    Keller Williams Preferred Rlty

    (847) 445-0542

    7 in this area

    108 Total Sales

    Tameka Lewis-Madkins
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12017135

Midwest Real Estate Data (MRED)

APN: 25222230110000

Illinois Cook County Chicago 60628 Roseland

11429 S King Dr, Chicago, IL

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.

Midwest Real Estate Data (MRED) 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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