11327 S KING Drive
Chicago, IL 60628

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Description

Center Entrance Brick SIX UNIT in great location-Fully tenanted and cash flowing, this property has undergone a large rehab including NEW Individual furnaces, updated electrical service and panels, newer kitchens and bathrooms, refinished flooring, stainless appliances, updated hallway and laundry room, new fencing. Great location, Close to parks, Metra, schools and expressway. Great opportunity here. Don't miss this one!

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60628
• Year Built: 1918
• Sq.Ft.: 6,627 sq ft
• Stories: 3
• Units: 6 units
• Zoning: MULTI
• # Of Dryers: 1
• # Of Ranges: 6
• # Of Refrigs: 6
• # Of Washers: 1
• Approximate Age: Older
• Building Area Total: 6627
• Built Before 1978 (Y/N): Yes
• Cap Rate: 9.3
• Construction Materials: Brick
• Directions: Bishop Ford ( 94) to 111th st. exit- west to MLK Dr., south to building.
• Electric: Fuses, Service - 201 to 600 Amps
• Electric Expense: 1260
• Electric Expense Source: Broker Projection
• Expense Year: 2025
• Foundation Details: Concrete Perimeter
• Fuel Expense: 1596
• Fuel Expense Source: Broker Projection
• Gross Income: 105924
• Gross Rent Multiplier: 6.6
• Gross Scheduled Income: 105924
• Heat/Ventilation: Forced Air, Gas
• Indoor Parking: 1-5 Spaces, Detached
• Information: List Broker Must Accompany, No Sign on Property
• Insurance Expense: 7992
• Insurance Expense Source: Broker Projection
• Janitor Expense: 1392
• Known Encumbrances: None Known
• Land Amenities: Sidewalks
• Lot Size Square Feet: 7425
• Main Type: Commercial Sale
• Maintenance Expense: 3300
• Manager Expense: 5760
• Manager Expense Source: BP
• Operating Expense: 33355
• Other Expense: 4524
• Other Expense Source: Broker Projection
• Repairs-Decor Expense Source: Broker Projection
• Roof Structure: Flat
• Tax Annual Amount: 7732.17
• Tax Year: 2024
• Tenant Pays: Electricity, Heat
• Total Annual Expense Source: Broker Projection
• Total Monthly Income: 8827
• Township: South Chicago
• Trash Expense: 1380
• Trash Expense Source: Broker Projection
• Type Multi-Family: Flats
• Utilities: Sewer Connected, Water Available
• Water Expense Source: Broker Projection
• Water Sewer Expense: 2460