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6116-6134 S King Dr 52 Unit Apartment Building For Sale Chicago, IL 60637
Investment Highlights
- Recently renovated 52-unit multifamily community in Washington Park.
- Features a landscaped courtyard, leasing office, and surface parking.
- Convenient access to Interstate 90/94 and multiple CTA rail stations.
- Diverse mix of one-bedroom, two-bedroom, and three-bedroom apartments.
- Located less than one mile from the University of Chicago and UChicago Medicine.
- Offered fully vacant, allowing immediate lease-up implementation.
Executive Summary
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.
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.
Property Facts
| Sale Type | Investment | Lot Size | 0.73 AC |
| No. Units | 52 | Building Size | 39,480 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1905 |
| Apartment Style | Low-Rise | Parking Ratio | 0.33/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | RM-5 | ||
| Sale Type | Investment |
| No. Units | 52 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.73 AC |
| Building Size | 39,480 SF |
| No. Stories | 2 |
| Year Built | 1905 |
| Parking Ratio | 0.33/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RM-5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 46 | - | 600 |
| 2+1 | 4 | - | 850 |
| 3+2 | 2 | - | 1,100 |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 20-15-317-034-0000 | Improvements Assessment | $350,200 |
| Land Assessment | $112,000 | Total Assessment | $462,200 |
Property Taxes
Parcel Number
20-15-317-034-0000
Land Assessment
$112,000
Improvements Assessment
$350,200
Total Assessment
$462,200
Contacts
-
Matt Tarshis -
Andrew Rubin -
Andrew Slovis -
Zack Pearlstein -
Frontline Real Estate Partners
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