11429 South King DriveChicago, IL 60628Price: $479,000

  • Price: $479,000
  • 33 Days on Market
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Federal 30-year interest rate: 6.29% last updated on Sep 22, 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.
  • 7,114Square Feet
  • 1906Year Built

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Awesome opportunity for the new or seasoned investor to acquire this fully leased 6-unit income generating property. This property offers solid cashflow, has upward potential of 14% cap rate, and upward potential of cash on cash return of 32%. Property has a brand new back porch (2 months old). The adjacent parking lot with separate PIN, 5 parking spaces, and a 2-car garage generates additional income. Property is professionally managed. Did I mention fully leased with positive cash flow? Per Chicago RTLO, 48 hour notice required - tenants rights. If driving by, do not disturb the tenants. Showings by appointments only. (Pics of GN prior to tenant)

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Listed by Cassandra Adediran of Cassea Realty

Based on information submitted to MRED  as of September 26, 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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