6116 King Drive

    Chicago, IL 60637
    • $1,950,000
    • STATUS: Active
    • ON SITE: 282 days
    • MLS #: 09912937
    UPDATED: 50 min ago
    $1,950,000
    • 0
      BEDS
    • 0.73
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1905
    County:

    School Ratings & Info

    Description

    South Park Terrace is a 52 unit apartment building on the boarder of Washington Park and Woodlawn consisting of 46 one bedrooms, 4 two bedrooms, and 2 three bedrooms. The location is 0.2 miles north of the CTA King Drive Green train station. The building is walkable to University of Chicago, 63rd Street Beach, Jackson Park golf course, and well acclaimed Mt. Carmel High School. Capital improvements include roof (3 years old), porches (2 years old), and new water heater. Property being offering at ~9% CAP rate with rental upside.

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    © 2019 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 the MLS or Property Consultants Realty. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Property Consultants Realty are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing broker. 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. Data last updated: 2019-01-19T14:50:56.2.

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    www.propertyconsultants.com/homes/82501375

    6116 King Drive Chicago, IL 60637

    • Price: $1,950,000
    • Status: Active
    • Updated: 50 min ago
    • MLS #: 09912937
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.73
    Acres
    1905
    Built
    Neighborhood:
    Chi - Washington Park
    County:
    Cook
    Area:
    Chi - Washington Park
    Property Description
    South Park Terrace is a 52 unit apartment building on the boarder of Washington Park and Woodlawn consisting of 46 one bedrooms, 4 two bedrooms, and 2 three bedrooms. The location is 0.2 miles north of the CTA King Drive Green train station. The building is walkable to University of Chicago, 63rd Street Beach, Jackson Park golf course, and well acclaimed Mt. Carmel High School. Capital improvements include roof (3 years old), porches (2 years old), and new water heater. Property being offering at ~9% CAP rate with rental upside.
    Exterior Features

    Construction Brick Lot Dimensions 256X125 Number Of Parking Spaces 0

    Interior Features

    Air Conditioning Window Unit/S Number Of Bedrooms Type5 0 Number Of Bedrooms Type6 0 Number Of Bedrooms Type7 0 Number Of Bedrooms Unit1 1 Number Of Bedrooms Unit2 2 Number Of Bedrooms Unit3 3 Number Of Bedrooms Unit4 0 Number Of Dryers 0 Number Of Full Bathrooms Type1 1 Number Of Full Bathrooms Type2 1 Number Of Full Bathrooms Type3 1 Number Of Ranges 52 Number Of Refrigs 52 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 5 Number Of Rooms Unit3 6 Number Of Rooms Unit7 0 Number Of Stories 2.5 Number Of Units Apt Type1 46 Number Of Units Apt Type2 4 Number Of Units Apt Type3 2 Number Of Units Apt Type4 0 Number Of Units Apt Type5 0 Number Of Units Apt Type6 0 Number Of Units Apt Type7 0 Number Of Washers 0 Repairs Decor Expense 10400

    Property Features

    Age Older Built Before1978 YN Yes Electric Expense Source Actual Electricity Expense 2603 Expense Year 2017 Exterior Building Type Brick Fuel Expense 27720 Fuel Expense Source Actual Gross Rental Income Amount 42279 Heat Ventilation Central Bldg HeatGas Insurance Expense 12125 Insurance Expense Source Actual Janitor Expense 18392 Janitor Expense Source Actual Monthly Income Max1 875 Monthly Income Max2 800 Monthly Income Max3 825 Net Oper Income Amount 19434 Net Operating Income Year 2017 Other Expense Source Combination Other Expenses 31200 Tax Year 2016 Taxes 33147 Tenant Pays Electric Total Annual Exp 173493 Total Annual Expense Source Actual Total Annual Income 367833 Total Monthly Income 35233 Township Hyde Park Type Multi Family CourtyardGarden Complex Unincorporated YN No Washer Dryer Lsd YN No Water Expense 27106 Water Expense Source Actual Zoning Type Multi

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of Triton Realty Group Llc.


    © 2019 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 the MLS or Property Consultants Realty. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Property Consultants Realty are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing broker. 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. Data last updated: 2019-01-19T14:50:56.2.

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