847-780-8063
6116-6134 S King Dr, Chicago, IL for Sale
Apartments - FOR SALE
1/21
null | Request Cap Rate

6116-6134 S King Dr
Chicago, IL 60637
Washington Park


HIGHLIGHTS

  • Recently renovated 52-unit multifamily community in Washington Park.
  • Diverse mix of one-bedroom, two-bedroom, and three-bedroom apartments.
  • Features a landscaped courtyard, leasing office, and surface parking.
  • Located less than one mile from the University of Chicago and UChicago Medicine.
  • Convenient access to Interstate 90/94 and multiple CTA rail stations.
  • Offered fully vacant, allowing immediate lease-up implementation.

OVERVIEW

Auction Date: 9/14-9/16 Starting Bid: $100,000 6116 S. King Drive presents an opportunity to acquire a 52-unit multifamily apartment building in Chicago's Washington Park neighborhood. The three-story brick property was originally constructed in 1905 and renovated in 2021, offering a mix of one-bedroom, two-bedroom, and three-bedroom apartments. Property amenities include a landscaped courtyard, an on-site leasing office, and a surface parking lot. The property benefits from a location within one of Chicago's established South Side residential corridors, less than one mile from the University of Chicago and UChicago Medicine. The surrounding area is supported by major employment, education, and healthcare institutions that contribute to ongoing housing demand. Residents also benefit from convenient access to Interstate 90/94 and multiple CTA Green and Red Line stations, providing connectivity throughout the Chicago metropolitan area. Washington Park's proximity to Hyde Park, Woodlawn, major transit infrastructure, and neighborhood retail amenities positions the asset within an active residential market. Offered fully vacant, the property provides investors with the ability to implement a lease-up strategy immediately upon acquisition and establish new tenancy without disruption to existing occupants. The combination of recent renovations, diverse unit mix, on-site amenities, and access to major demand drivers creates a compelling repositioning and value-add opportunity within a well-connected urban location.

FOR SALE DETAILS

PRICE

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# OF UNITS

52

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1905

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,799 SF

ZONING

RM-5

APN/PARCEL ID

20-15-317-034-0000

ASK ABOUT THIS PROPERTY

Matt TarshisFrontline Real Estate PartnersMore Info
847-780-8063

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Matt TarshisFrontline Real Estate PartnersMore Info
847-780-8063

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