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4014-4016 S Martin Luther King Jr Dr
Chicago, IL 60653
Bronzeville Apartments · Multifamily Property For Sale
·
8 Units
PROPERTY FACTS
| No. Units | 8 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 11,280 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1893/2015 |
| Building Class | C | Parking Ratio | 0.34/1,000 SF |
| Zoning | RM-5 - Multi-Family Residential | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 11,280 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1893/2015 |
| Parking Ratio | 0.34/1,000 SF |
| Zoning | RM-5 - Multi-Family Residential |
ABOUT 4014-4016 S MARTIN LUTHER KING JR DR , CHICAGO, IL 60653
4014-16 S. Martin Luther King Drive is an eight-unit (8), center entrance building located in Chicago's Bronzeville neighborhood. The property consists of six 3-bedroom, 2.5-bath, and two 2-bedroom, 2-bath units. The property underwent a massive reconstruction in 2008, retaining only the masonry exterior. All electrical, plumbing, HVAC, porch and IT systems were replaced. From the tear-off roof down to a newly poured basement floor and beautifully landscaped grounds, no detail was overlooked. This property is being offered for sale at a price well below its replacement cost creating a unique opportunity for prospective buyers. In addition to the high-quality renovations, the property boasts a high quality tenant base with all tenants gainfully employed with professional institutions including medical offices, IT companies and the Chicago Police Department. The Bronzeville neighborhood is experiencing a significant revitalization including new retail stores, housing developments and the re-opening of historic neighborhood clubs. Only 1 block from the property at the corner of Pershing and MLK Drive, Mariano's is set to open a new 74,000 square foot store in October 2016. In addition, the property is conveniently located blocks from the CTA Green line at 40th and Indiana and minutes from I-90/94 just to the west.
PROPERTY TAXES
| Parcel Number | 20-03-111-017-0000 | Improvements Assessment | $70,950 |
| Land Assessment | $26,250 | Total Assessment | $97,200 |
PROPERTY TAXES
