10% Cap Rate | 12 Units | 10212-10214 S King Dr
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10% Cap Rate | 12 Units 10212-10214 S King Dr
12 Unit Apartment Building $995,000 ($82,917/Unit) 10.03% Cap Rate Chicago, IL 60628
Executive Summary
Kiser Group is pleased to exclusively present for purchase 10212 S. King, a twelve (12) unit courtyard building
located in Chicago's historic Rosemoor neighborhood. Nestled amongst an abundance of single-family
homes, and across the street from St. John De LaSalle Catholic School, this property offers easy access to
local amenities, public transportation, and friendly community living.
10212 S. King is currently comprised of five (5) 1BD/1BA, six (6) 2BD/1BA, and one (1) 3BD/1BA units, with the
first-floor 3BD/1BA recently converted into a spacious duplex-down unit. Recent improvements to the
building include, but are not limited to, updated porches, copper plumbing, individual furnaces & hot water
tanks, and central air conditioning in five (5) of the twelve (12) units. Furthermore, the building include six
(6) garage spots in the rear. Current ownership is presently not capitalizing on the garage.
10212 S. King presents an investor with the unique opportunity to acquire a stabilized, positive cash flowing
asset with an in-place cap rate of just over 9%. Through raising rents to figures already being achieved in
the building, there is an opportunity to gain a cap rate north of 11% and a cash on cash return of just under
23%.
located in Chicago's historic Rosemoor neighborhood. Nestled amongst an abundance of single-family
homes, and across the street from St. John De LaSalle Catholic School, this property offers easy access to
local amenities, public transportation, and friendly community living.
10212 S. King is currently comprised of five (5) 1BD/1BA, six (6) 2BD/1BA, and one (1) 3BD/1BA units, with the
first-floor 3BD/1BA recently converted into a spacious duplex-down unit. Recent improvements to the
building include, but are not limited to, updated porches, copper plumbing, individual furnaces & hot water
tanks, and central air conditioning in five (5) of the twelve (12) units. Furthermore, the building include six
(6) garage spots in the rear. Current ownership is presently not capitalizing on the garage.
10212 S. King presents an investor with the unique opportunity to acquire a stabilized, positive cash flowing
asset with an in-place cap rate of just over 9%. Through raising rents to figures already being achieved in
the building, there is an opportunity to gain a cap rate north of 11% and a cash on cash return of just under
23%.
Property Facts
| Price | $995,000 | Apartment Style | Low Rise |
| Price Per Unit | $82,917 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 10.03% | Building Size | 7,200 SF |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1922 |
| Property Subtype | Apartment | Parking Ratio | 3.83/1,000 SF |
| Price | $995,000 |
| Price Per Unit | $82,917 |
| Sale Type | Investment |
| Cap Rate | 10.03% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 7,200 SF |
| No. Stories | 3 |
| Year Built | 1922 |
| Parking Ratio | 3.83/1,000 SF |
Unit Amenities
- Air Conditioning
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 600 |
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Walk Score ®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 25-10-328-019-0000 | Improvements Assessment | $61,536 |
| Land Assessment | $13,664 | Total Assessment | $75,200 |
PROPERTY TAXES
Parcel Number
25-10-328-019-0000
Land Assessment
$13,664
Improvements Assessment
$61,536
Total Assessment
$75,200
zoning
| Zoning Code | R3, Chicago (Residential Single-Unit District) |
| R3, Chicago (Residential Single-Unit District) |
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10% Cap Rate | 12 Units | 10212-10214 S King Dr
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