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4530 S King Drive Chicago, IL 60653 • Multi Unit - Multiple • New

New - 39 Hours Ago
  • 4530 S King Drive , Chicago, IL 60653 Main Photo

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Description

Attention Chicago investors! This building OOZES with Chicago charm! Three Huge 4-bedroom and 3-bedroom units offer 2030 SQ FT and 1920 SQ FT (respectively) of living space, plus two garden units (one 2-bed/1 bath & one 1 bed/1 bath unit). Total of 8 units in the building. Two vacant units, the rest of the building is occupied. Great opportunity to house hack! The Historic Bronzeville district is actively attracting a mix of live-in owners and real estate investors due to its rich cultural history, unique housing stock, and rapid economic revitalization. It has consistently been flagged as one of Chicago's most notable high-growth, appreciating neighborhoods. A short distance to Marianos, restaurants, public transportation, close to the expressway, and downtown Chicago. 4 garage parking spots (only 1 currently rented). Recent improvements include: updated fence (2026), NEW exterior staircase (2026), unit 3N fully renovated (floors, baths & kitchen), roof end of 2020, tuck pointing summer of 2020, new Chimney 2020, some windows replaced 2020-2022, updated plumbing in kitchen in north tear units (city inspected and passed), couple units have updated living rooms with updated electrical (city inspected and passed) and windows. Possible extra income by adding washer and dryer. Please note, one tenant currently occupies two of the units (1N & GN). The kitchen has been removed from GN as that unit primarily serves as storage however it can easily be put back.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Sqft: 15,800
County: Cook
Listed By:
Baird & Warner 773-697-5555
MRED MLS
$1,225,000
Est. $8,831/mo
15,800sqft
New to the Market New
BEDS0 BATHS SQUARE FEET15,800 MLS#12800717
STATUSNew PROPERTY TYPEMulti Unit - Multiple

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4530 S King Drive , Chicago, IL 60653.

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Loan Type FHA 30 Year FixedVA 30 year fixed30 yr Jumbo
Purchase Price $1,225,000$1,225,000$1,225,000
Down Payment $42,875$0$245,000
Monthly Mortgage Amount $7,902$8,430$6,769
Taxes $1705$1705$1705
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $735$0$0
Monthly Estimated Total $10,699$10,492$8,831

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