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4058 S Dr Martin L King Jr Dr
Chicago, IL 60653
Multifamily Property For Sale
·
4 Units
Executive Summary
Sheriff Sale - March 19, 2026
Subject property is a single-family property on a 3,300 square foot lot on historic Dr. Martin Luther King Drive in the Bronzeville neighborhood. This corner lot greystone offers the possibility of an approximately 8,840 square foot, three-story home including basement. This unique property offers a great opportunity to completely rehab as the zoning would allow for redevelopment to a 3 to 6-unit condominium development or keep as a single family property. 10 minutes to downtown Chicago, this property has easy access to public and vehicular transportation.
Subject property is a single-family property on a 3,300 square foot lot on historic Dr. Martin Luther King Drive in the Bronzeville neighborhood. This corner lot greystone offers the possibility of an approximately 8,840 square foot, three-story home including basement. This unique property offers a great opportunity to completely rehab as the zoning would allow for redevelopment to a 3 to 6-unit condominium development or keep as a single family property. 10 minutes to downtown Chicago, this property has easy access to public and vehicular transportation.
Property Facts
| Price Per Unit | $62,500 | Building Size | 5,553 SF |
| Sale Type | Investment | No. Stories | 3 |
| No. Units | 4 | Year Built | 1929 |
| Property Type | Multifamily | Parking Ratio | 0.36/1,000 SF |
| Property Subtype | Apartment | Cross Streets | 41st St |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.08 AC | ||
| Zoning | R | ||
| Price Per Unit | $62,500 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 5,553 SF |
| No. Stories | 3 |
| Year Built | 1929 |
| Parking Ratio | 0.36/1,000 SF |
| Cross Streets | 41st St |
| Opportunity Zone |
Yes |
| Zoning | R |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
Property Taxes
| Parcel Number | 20-03-111-030-0000 | Improvements Assessment | $58,450 |
| Land Assessment | $11,550 | Total Assessment | $70,000 |
Property Taxes
Parcel Number
20-03-111-030-0000
Land Assessment
$11,550
Improvements Assessment
$58,450
Total Assessment
$70,000
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