4530 King Dr - Apartments FOR SALE


Chicago, IL 60653- Bronzeville | 
$1,225,000 USD
847-772-0864
4530 King Dr, Chicago, IL for Sale
$1,225,000 USD
Apartments - FOR SALE
1/32
null | 7.12% Cap Rate

4530 King Dr
Chicago, IL 60653
Bronzeville


HIGHLIGHTS

  • LARGE/Spacious 4 bed & 3 bedroom units in prime location!
  • TONS of natural light!
  • Vintage Chicago features, with room for improvement to increase rents!

OVERVIEW

Attention Chicago investors! This building OOZES with Chicago charm! Three Huge 4-bedroom and 3-bedroom units offer 2030 SQ FT and 1920 SQ FT (respectively) of living space, plus two garden units (one 2-bed/1 bath & one 1 bed/1 bath unit). Total of 8 units in the building. Two vacant units, the rest of the building is occupied. Great opportunity to house hack! The Historic Bronzeville district is actively attracting a mix of live-in owners and real estate investors due to its rich cultural history, unique housing stock, and rapid economic revitalization. It has consistently been flagged as one of Chicago's most notable high-growth, appreciating neighborhoods. A short distance to Marianos, restaurants, public transportation, close to the expressway, and downtown Chicago. 4 garage parking spots (only 1 currently rented). Recent improvements include: updated fence (2026), NEW exterior staircase (2026), unit 3N fully renovated (floors, baths & kitchen), roof end of 2020, tuck pointing summer of 2020, new Chimney 2020, some windows replaced 2020-2022, updated plumbing in kitchen in north tear units (city inspected and passed), couple units have updated living rooms with updated electrical (city inspected and passed) and windows. Possible extra income by adding washer and dryer. Please note, one tenant currently occupies two of the units (1N & GN). The kitchen has been removed from GN as that unit primarily serves as storage however it can easily be put back.

FOR SALE DETAILS

PRICE

$1,225,000 USD

PRICE/SF

$87 USD /SF

# OF UNITS

8

PRICE/UNIT

$153,125

CAP RATE

7.12%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1887

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

RM-5

APN/PARCEL ID

20-03-317-023-0000

ASK ABOUT THIS PROPERTY

Becky SexsonBaird & WarnerMore Info
847-772-0864

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Becky SexsonBaird & WarnerMore Info
847-772-0864

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.