7310-14 South King DriveChicago, IL 60619Price: $715,000

  • Price: $715,000
  • 47 Days on Market
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Federal 30-year interest rate: 5.81% last updated on Jun 23, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 1908Year Built

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This is your opportunity for passive income with a 10.4% cap rate! Massive 8 unit building with a mix of 5 bedrooms (1),4 bedrooms (3),3 bedrooms (2) and 2 bedrooms (2). All units are setup for tenants to pay their own utilities. Capital improvements from 2019-2021 include: New Roofing,new siding (enclosed porch),4 new furnaces,1 new hot water tank,a new ejector pump,some doors and common area carpeting,as well as most of the units have been remodeled. The pictures and floorplan are of the vacant 4 bed/2 bath unit. This building produces great income sitting on King Dr,close to public transportation and shopping. Dedicated laundry space in basement can be your project along with the 6 car garage.

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Listed by Earick Rayburn of Rayburn Realty Group INC

Based on information submitted to MRED  as of June 28, 2022 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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