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11343 S King Dr
Chicago, IL 60628 Roseland

$795,000 USD

Apartments For Sale  •  9,900 SF

Property Details

  • Property Type Apartments
  • Total Building Size 9,900 SF
  • Lot Size 0.15 AC
  • Building Class C
  • Year Built 1930
  • Zoning RT-4
63 Transit Score
71 Walk Score

Highlights

[9] 1-Bed | 1-Bath Units [3] 2-Bed | 1-Bath Units [1] 3-Bed | 1-Bath Unit
Lease-up of vacant units will improve the average 1-bed rents from $983 to $1,025, 2-bed rents from $1,050 to 1,200, & the vacant 3-bed unit to $1,325
Projected to generate $92k in NOI with proper asset management
Current cap rate of 8.3%, projected to increase to 10.5% on a stabilized basis
Through strategic renovations an incoming owner can unlock additional value
Within walking distance to the Kensington South Shore Metra Electric Stop

Amenities

  • Laundry Facilities
  • Kitchen
  • Granite Countertops
  • Hardwood Floors

Public Transportation

Commuter RailDriveWalkDistance
Kensington Street Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra), South Shore Line - Northeast Illinois Regional Commuter Railroad (Metra)) 0 min 3 min 0.2 mi
Pullman/111Th Street Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) 1 min 9 min 0.5 mi
AirportDriveWalkDistance
Chicago Midway International 25 min - 14.4 mi
Chicago O'Hare International 47 min - 31.3 mi
Robert Berman 312-610-1706 Nara Realty Advisors
Robert Berman 312-610-1706 Nara Realty Advisors