4530 S King Drive Chicago, IL $ 1,225,000
4530 S King Drive
$ 1,225,000
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4530 S King Drive

Chicago, IL, 60653
$ 1,225,000
Bedrooms10 Baths0.0 Sq 15,800

Monthly Estimate*

$ 7,735

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Multi-Family Home for sale in Chicago, IL

for $1,225,000 with 10 bedrooms. This 15,800 square foot home was built in 1884 on a lot size of 0.19.

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.

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Multi-Family Active

Price

$ 1,225,000

Bedrooms

10

Property Type

Multi-Family

Taxes

$ 12,504

Style

Multi-Family

Lot Size

0.19

Year Built

1884

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12745630

Features
General
Sewer Storm Sewer
Cooling Window Unit(s)
Utilities Sewer Connected
Possession Closing
Roof Reflective Coating
Zoning MULTI
Association Fee Includes None
Construction Materials Brick Stone
Year Built 1884
Electric Circuit Breakers
Tenant Pays Electricity Other
Stories Count 3
Township Hyde Park
Tax Year 2025
Current Use Multi-Family
Gross Income 142620
County Cook
Net Operating Income 87224
Operating Expense 55396
Insurance Expense 8848
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 0
Possible Use Multi-Family
Status New
Directions north/south on King Dr. to property.
City Chicago
Number Of Units Total 8
MLS Area CHI - Grand Boulevard
Lot Size Square Feet 8100
Tax Annual Amount 12504.56
Electric Expense 934
Fuel Expense 22239
Trash Expense 2946
Water Sewer Expense 7825
Additional Parcels Y/N N
Standard Status Active
Cap Rate 7.12
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Interior
Basement Partially Finished
Total Fireplaces 6
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Exterior
Water Source Municipal Water
Building Area Total 15800
Lot Dimensions 54 X 150
Lot Size Acres 0.19
Frontage Type City Street Public Road
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* Excluded Features
List By
Baird & Warner

Broker

becky.sexson@bairdwarner.com

Email

Affordability Calculator

$8,777
Per Month
88%
12%
0%
Monthly Principal & Interest
$7,735
Monthly Property Taxes
$1,042
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/8/2026$1,225,000 Listed Price

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4530 S King Drive, Chicago, IL, 60653 is a Multi-Family Home for sale at $1,225,000 with 15,800 sqft and a lot size of 0.19. 4530 S King Drive has 10 bedrooms, 0.0 baths, and was built in 1884. The property's zip code is 60653 which is in Chicago, IL