11343 King Dr Chicago, IL 60628

This exceptional 13-unit apartment building, located at 11343 S King Dr in Chicago's Pullman neighborhood, presents a compelling investment opportunity. Boasting 9,900 square feet, the property features a desirable mix of nine 1-bedroom/1-bathroom units, three 2-bedroom/1-bathroom units, and one spacious 3-bedroom/1-bathroom unit. All units showcase hardwood floors, updated kitchens with newer cabinets and granite countertops. Significant renovations completed in 2018 include a code-compliant porch, updated electrical wiring, new windows, masonry and tuckpointing, and a modern boiler. The building benefits from its proximity to Palmer Park, offering recreational amenities, and is just two blocks from the 111th Street Metra station, providing convenient access to downtown Chicago. Situated in a federally recognized opportunity zone, this property offers a strong 11.40% cap rate and significant value-add potential through improved leasing and management, potentially increasing the cap rate to nearly 12%. The asking price is $975,000. This is a rare chance to acquire a well-maintained, high-performing multifamily asset in a thriving Chicago neighborhood.