Active · For Sale · Multi Family 5+

11027 S King Drive, Chicago, IL 60628

MLS opportunity selected in connection with 9944 S Western Ave, Chicago, IL 60643

MLS #12688519

11027 S King Drive, Chicago, IL 60628
11027 S King Drive, Chicago, IL 60628CRER
11027 S King Drive, Chicago, IL 60628

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11027 S King Drive, Chicago, IL 60628

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The property

Executive summary

11027-11035 S King Dr. offers a rare scale opportunity on a prominent South Side corridor, combining meaningful square footage with efficient day-to-day operations. The property spans approximately 25,000 SF supported by a tenant base composed primarily of voucher tenants. This is a rare inventory profile in today's market, where comparable opportunities trade infrequently.

Investor Resource

Property Intelligence

Financial Snapshot

Reported Annual Income
$466,824
Reported Annual Expenses
$176,756
Estimated NOI
$290,068
Estimated Cap Rate
11.16%
Estimated GRM
5.57
Annual Taxes
$35,795 (2024)

Property Details

Units
27
Lot Dimensions
80x120
Stories
4
Year Built
1926
Building Age
Older
Parcel Number
25154140080000

Operations & Utilities

Heating
Central Bldg Heat

Location & Use

County
Cook
Market Area
Chicago - Roseland

Reported figures come from the listing source. When shown, estimated NOI and cap rate use reported income and expenses; estimated GRM uses asking price and reported income. All figures should be independently verified.