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    8229 King Drive

    Chicago, IL 60619
    • $450,000
    • STATUS: Active Under Contract
    • ON SITE: 149 days
    • MLS #: 10729698
    Under Contract
    UPDATED: 184 min ago
    $450,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,596
      SQFT
    • $80
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    6 unit Chatham armchair gem to add to your portfolio. Set on two parcels totaling 5,530 SF, this three-story property features 5 2bed/1bath and 1 1bed/1bath rental units. Each unit has its own baseboard heated boiler system. The units have various finishes as they have each been renovated at different times over the past few years. Each unit is separately metered for gas and electric. There is a central, 75-gallon hot water tank along with coin-operating laundry machines and storage lockers. 6 stall parking lot in the rear. 100% leased with long term tenants. All appliances come with the building. 6 fridges and stoves.

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    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or BNRealty | RE/MAX Rising. Based on information submitted to the MRED as of 2020-10-25T23:49:47.103 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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 properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    8229 King Drive Chicago, IL 60619

    • Price: $450,000
    • Status: Active Under Contract
    • Updated: 184 min ago
    • MLS #: 10729698
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    5,596
    SQFT
    $80
    $/SQFT
    1964
    Built
    Neighborhood:
    Chi - Chatham
    County:
    Cook
    Area:
    Chi - Chatham
    Property Description
    6 unit Chatham armchair gem to add to your portfolio. Set on two parcels totaling 5,530 SF, this three-story property features 5 2bed/1bath and 1 1bed/1bath rental units. Each unit has its own baseboard heated boiler system. The units have various finishes as they have each been renovated at different times over the past few years. Each unit is separately metered for gas and electric. There is a central, 75-gallon hot water tank along with coin-operating laundry machines and storage lockers. 6 stall parking lot in the rear. 100% leased with long term tenants. All appliances come with the building. 6 fridges and stoves.
    Exterior Features

    Construction Brick Frontage Access City Street Land Amenities Curbs And GuttersLighting/ExteriorSidewalksCable Ready Location Public Transport Avail Lot Dimensions 5350 Number Of Parking Spaces 6

    Interior Features

    Air Conditioning None Number Of Bedrooms Type5 0 Number Of Bedrooms Type6 0 Number Of Bedrooms Type7 0 Number Of Bedrooms Unit1 2 Number Of Bedrooms Unit2 1 Number Of Bedrooms Unit3 0 Number Of Bedrooms Unit4 0 Number Of Full Bathrooms Type1 1 Number Of Full Bathrooms Type2 1 Number Of Ranges 6 Number Of Refrigs 6 Number Of Rooms Unit Five 0 Number Of Rooms Unit Four 0 Number Of Rooms Unit Six 0 Number Of Rooms Unit1 4 Number Of Rooms Unit2 3 Number Of Rooms Unit3 0 Number Of Rooms Unit7 0 Number Of Stories 2 Number Of Units Apt Type1 5 Number Of Units Apt Type2 1 Number Of Units Apt Type3 0 Number Of Units Apt Type4 0 Number Of Units Apt Type5 0 Number Of Units Apt Type6 0 Number Of Units Apt Type7 0 Outdoor Parking 6-12 Spaces Repairs Decor Expense 4500

    Property Features

    Age Older Built Before1978 YN Yes Contingency Flag Attorney/Inspection Current Use Residential-Multi-Family Electric Expense Source Broker Projection Electricity Expense 666 Expense Year 2019 Exterior Building Type Brick Fuel Expense 790 Fuel Expense Source Broker Projection Gross Rental Income Amount 69600 Heat Ventilation SteamBaseboardSeparate Per Unit Insurance Expense 3960 Insurance Expense Source Broker Projection Janitor Expense 0 Monthly Income Max1 1150 Monthly Income Max2 800 Net Oper Income Amount 39180 Net Operating Income Year 2020 Other Expense Source Broker Projection Other Expenses 780 Owners Assoc YN No Possession Tenant's Rights Tax Year 2018 Taxes 3542.56 Tenant Pays ElectricHeat Total Annual Exp 24852 Total Annual Expense Source Combination Total Annual Income 69600 Total Monthly Income 5800 Township Hyde Park Type Multi Family Corridor-Interior EntranceFlats Unincorporated YN No Water Expense 3456 Water Expense Source Broker Projection Zoning Type Multi

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Ani Real Estate.


    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or BNRealty | RE/MAX Rising. Based on information submitted to the MRED as of 2020-10-25T23:49:47.103 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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 properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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