7139 S King Drive
Chicago, IL 60619

Status: Active
Multi Family
7 beds
0 baths
0 sq.ft
Listing Price: $285,000

About this home

Wow! Jumbo, extra wide, 2 flat on historic King Drive. Seller will 3% closing credit! Inquire about a mortgage program with a discounted interest rate. 1st floor is rented for $1416 and the 2nd floor is VACANT and move in ready. The 1st floor is a HUGE DUPLEX DOWN with 4 bedrooms and 2 full bathrooms. The 2nd floor has been recently rehabbed! It has 3 very large bedrooms and 1 full bathroom - new flooring, freshly painted, 6 new windows, newer high efficiency furnace, newer appliances, bright and sunny - vacant and move in ready! The units have separate utilities, the 1st and 2nd floor have central air and heat with their own furnaces. There are also three water tanks (two are newer - 5 and 7 years old; one is 18 years old). The roof is 10 years old (silver coated); tuck pointing was done and new sump pump with a battery backup was installed 12 years ago. 1st floor unit is rented MTM for $1416, but could likely get more. Solid back porch and stairs that lead to a huge back yard - plenty of space to park cars and option to build a garage to increase rents. Very well maintained building with responsible landlord who took great care of the building. Come see for yourself!

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1914
Parking Total 3
Exterior Building Type Brick
Parking Features Off Alley
Garage On-Site Yes
Parking Space/s
Rehab Year 2024
Virtual Tour (Unbranded) External link
MRD Virtual Tour None
Virtual Tour Date 04/04/2024 8:15 pm
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - Greater Grand Crossing
Corporate Limits Chicago
Directions 71ST TO KING DRIVE SOUTH TO ADDRESS
Equipment CO Detectors, Sump Pump, Water Heater-Gas
Elementary School Park Manor Elementary School
Elementary Sch Dist 299
Heat/Fuel Forced Air, Sep Heating Systems - 2+
High Sch Dist 299
Sewer Public Sewer
Water Public
Jr High/Middle Dist 299
Township Hyde Park
Interior Features
Basement Description Finished, Exterior Access
Basement Full ,Walkout
Bedrooms Count 7
Bedrooms Possible 7
Baths Count 3
Full Baths in Building Count 3
Total Rooms 17
Units
unit 1
Beds Total 4
Baths Total 2
Actual Rent 1416
Appliances And Features Stove, Refrigerator, Washer, Dryer
Full Baths Total 2
Lease Expiration Date MTM
Rooms Total 8
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 2
Beds Total 3
Baths Total 1
Appliances And Features Stove, Refrigerator, Washer, Dryer
Full Baths Total 1
Lease Expiration Date NA
Rooms Total 6
Tenant Pays Electric, Gas, Heat
Floor Number 2
Property / Lot Details
Lot Dimensions 25X123
Lot Size Standard Chicago Lot
Ownership Fee Simple
Type Unit 2 Flat
Number Of Units in Building 2
Property Type Two to Four Units

Financials

ElectricExpense 168
Electric Expense Source Actual
Rental Income 1416
Investment Profile Residential Income
Water Expense $1,020

Tax/Assessments/Liens

PIN 20272000130000
Special Assessments N
Taxes $3,497
Tax Exemptions None
Tax Year 2022
$285,000 Listing Price:
MLS # 12021295
Investment Profile Residential Income
Listing Market Time 28 days
Basement Full ,Walkout
Type Unit 2 Flat
Number of Units in Building 2
Parking Space/s
List Date 04/04/2024
Year Built 1914
Request Info
By pressing Request Info, you agree that ILFLS and real estate professionals may contact you via phone/text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. Message/data rates may apply. You also agree to our Terms of Service.
Price history
Loading price history...