6214 South King Drive

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Address: 6214 S King Dr, Chicago, IL 60637, USA
Created date: July 8, 2024
Date last updated: July 8, 2024
  • HEAVY Value Add Opportunity
  • Six (6) 2Bd/1Ba & One (1) 1Bd/1Ba
  • Completely Vacant - Renovation Ready
  • Washington Park Neighborhood

Property Description

Kiser Group is pleased to exclusively present for purchase 6214 S. King Dr, a seven (7) unit walk-up building located in Chicago's historic Washington Park neighborhood. The asset sits just two (2) blocks from Washington Park and the 2025 Sunshine Community Center development, and less than one (1) block away from the CTA Green Line ‘El Station,’ providing tenants easy, affordable, and quick transportation to and from Chicago’s Downtown. 6214 S. King is currently comprised of six (6) 2Bd/1Ba units and one (1) 1Bd/ 1Ba unit. The building is in need of extensive renovations providing a new owner with the opportunity to add tremendous value. The property also includes a large backyard and a two (2) car garage. 6214 S. King Dr presents an investor with the rare opportunity of acquiring a true value add project in one of Chicago's most appreciating neighborhoods. Through renovations of apartments and common areas, an investor could achieve significant cash returns and double-digit cap rates.

Key Property Information

Listing Status: Unavailable
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $250,000
No. of Units: 7
Opportunity Zone: No
Price per unit: $35,714
Property Website Click Here
Address: 6214 South King Drive, Chicago, IL 60637, USA
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