Marcus & Millichap is pleased to present this multi-family real estate opportunity right on the border of the Washington Park and Woodlawn neighborhoods of Chicago. The subject property of 6116 South King Drive is located 8.1 miles south of Chicago's downtown loop area, one mile east of the Dan Ryan Expressway, 0.9 miles east of the CTA's 63rd Street Red Line train station, and 0.2 miles north of the CTA's King Drive Green Line train station. The subject property has a unit mix that consists of 46 one-bedroom one-bathroom units that measure 700 square feet, four two-bedroom one-bathroom units that measure 900 square feet, and two three-bedroom one-bathroom units that measure 1,000 square feet respectively.
The subject property has had some capital improvements within the past couple of years. South Park Terrace is very close to shopping, recreation, schools, and major public transportation and will continue to see the ease of keeping a high retention of tenants. This site is on the southwest corner of Washington Park, which is just west of the future Obama Presidential Library.The subject property is located within walking distance to 63rd Street Beach as, Jackson Park golf course, and Mt. Carmel High School. Mt. Carmel is an all boys Catholic School that ranks within the top 20 of all private high schools in the state.
