Closed

$1,499,000

4924 KING Drive, Chicago, IL 60615
12 days
4924 KING Drive·Chicago, IL 60615
1890Year Built
About This Home

Exceptional Investment Opportunity in Vibrant Bronzeville Set on Historic King Drive. Stately fully stabilized enormous all masonry center entrance side by side 6 residential units + 3 car garage and 3 gated exterior parking spaces NOI $146,695 /9.7% CAP. Largely Gut Renovated 2021 include interior unit demo to studs, electrical, plumbing, HVAC, H20, millwork, flooring, windows, kitchens, and baths, offer abundant choice for numerous investment objectives. Intelligent design, expansive floorplans, Unit Mix includes massive (5) 3 bedroom 2 Baths and (1) 5-bedroom 3 bath duplex. Significant appointments, professional grade kitchens, in suite primary bedroom/bath, resort inspired bathrooms, individual HVAC, washer dryers in units in 5 of 6 units, wide plank engineered flooring, decorative fireplaces flanked by built ins, designer lighting and front terraces are a soft sampling of all unit features. Palpable growth asset Exceptional location provides urban intimacy coupled with hyper-convenience and strong proximity to U of C ecosystem, Lakefront, Rush Medical Center, Loop, Green Line, Expressways. 48 hours' notice M-F 10am to 4pm to show. Rare opportunity to obtain sizeable footprint strategically positioned for continue long term growth. See brokers private remarks.

MLS# 11958783Listed January 11, 2024Commercial Sale
Property Details

Beds & Baths

Size & Structure

Fireplaces6
Year Built1890
Lot Size50.7 X 149.79

Location

CountyCook
TownshipHyde Park
Zip Code60615

Financial

List Price$1,499,000
Annual Taxes (2021)$10,000
Monthly Tax Est.$833
Parcel #20101170290000
Interior Features

Cooling

Central AirCentral Individual

Basement

Partially FinishedExterior Entry
Exterior & Lot

Construction

BrickStone

Foundation

Other
Utilities & Parking

Electric

Circuit Breakers
Tax & Financial
Annual Taxes
$10,000
Tax Year 2021
Monthly Tax Est.
$833
per month
Property Location

4924 KING Drive, Chicago, IL 60615Cook County

$1,499,000
4924 KING Drive
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
12 days on market
6 fireplaces
50.7 X 149.79
$10,000/yr taxes
$8,711
estimated monthly payment
Principal & Interest
$7,878/mo
Property Tax
$833/mo
$1,499,000
20% — $299,800
3%50%
6.875%
3%12%
Loan Amount
$1,199,200
Down Payment
$299,800

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
North Clybourn Group, Inc.
Agent: Karen Biazar
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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