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Listed by Jana Pierceof Real Broker LLC
$ 550,000
Est. payment /mo
Price Dropped by $25K
5930 S King Drive Chicago, IL 60637
12 Beds
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12594302
Bedrooms 12
Year Built 1894
Annual Tax Amount $11,695
Tax Year 2024
Lot Dimensions 42.5 X 177.25
Property Sub-Type Two to Four Units
Property Description
Prime Washington Park development opportunity offering scale, flexibility, and park-front exposure. Zoned RM-5, this property features an approximately 8,000 sq ft main building plus a coach house with three on-site garage spaces, presenting potential for 6-9 residential units (buyer to verify). The main building is fully gutted and ready for redevelopment, with bright garden-level units and first-, second-, and third-floor units overlooking Washington Park-a strong draw for future tenants. Architectural plans for a 6-unit configuration are available, and the seller is willing to share plans with qualified buyers. Surrounded by ongoing new construction and redevelopment, this is an excellent opportunity for developers or investors seeking a value-add or repositioning project in a growing corridor with convenient access to transportation and neighborhood amenities. Sold as-is.
Location
State IL
County Cook
Community Sidewalks, Street Lights
Zoning MULTI
Rooms
Basement Unfinished, Full
Interior
Heating None
Fireplace N
Exterior
Garage Spaces 3.0
View Y/N true
Roof Type Asphalt
Building
Foundation Stone
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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