8039 S King Drive Chicago, IL ^$ 895,000

8039 S King Drive

^$ 895,000

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8039 S King Drive

Chicago, IL, 60619

^$ 895,000

Bedrooms1 Baths0.0

Monthly Estimate*

^$ 5,948

8039 S King Drive, Chicago, IL 60619 - Image 1

8039 S King Drive, Chicago, IL 60619 - Image 2

8039 S King Drive, Chicago, IL 60619 - Image 3

8039 S King Drive, Chicago, IL 60619 - Image 4

8039 S King Drive, Chicago, IL 60619 - Image 5

Multi-Family Home for sale in Chicago, IL

for $895,000 with 1 bedroom. This home was built in 1963.

17-unit apartment building located at 8039 S King Drive in the Chatham neighborhood of Chicago. Situated on a spacious 13,375 square-foot lot, the property features ample onsite parking-a highly sought-after amenity in this densely populated area. While some units have received recent updates, this property presents investors with an exciting opportunity to complete renovations and unlock value by significantly boosting revenue. The property offers easy access to I-90 and I-94, just a short drive away. Public transportation is easily accessible with the 79th Street Red Line CTA station just a short walk away.

Multi-Family Contingent

Price

^$ 895,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 11,708

Style

Year Built

1963

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12002803

Features

General

Year Built 1963

Tenant Pays Varies by Tenant

Stories 2

Tax Year 2022

Gross Income 156720

County Cook

Net Operating Income 76229

Operating Expense 72655

Insurance Expense 0

Property Type Commercial Sale Multi Family 5+

Contingency Attorney/Inspection

Status Contingent

Directions 8039 S King Dr Chicago IL 60619 On King between 80th & 81st

City Chicago

Total Units 17

MLS Area CHI - Chatham

Street Name King

Tax Annual Amount 11708

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N N

Days on Market 53

Standard Status Active Under Contract

Exterior

Lot Dimensions 110 X 125

Interior

Street Suffix Drive

* Excluded Features

List By

Chicago Real Estate Resources

Broker

stevenr@crer.com

Affordability Calculator

$6,924

Per Month

Monthly Principal & Interest: $5,948
Monthly Property Taxes: $976
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$641,158

Percent of Sale Price 28%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/15/2024	$895,000	-10.05%	Price Down
3/13/2024	$995,000		Listed Price

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8039 S King Drive, Chicago, IL, 60619 is a Multi-Family Home for sale at $895,000. 8039 S King Drive has 1 bedrooms, 0.0 baths, and was built in 1963. The property's zip code is 60619 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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 Weichert Realtors 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 brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is 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.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 5/30/2024.

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8039 S King Drive

Multi-Family Home for sale in Chicago, IL

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