Natalie Luchsinger
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
MLS ID: 12776982
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4530 S King Drive , Chicago, IL 60653.
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| Loan Type | FHA 30 Year Fixed | VA 30 year fixed | 30 yr Jumbo |
| Purchase Price | $1,225,000 | $1,225,000 | $1,225,000 |
| Down Payment | $42,875 | $0 | $245,000 |
| Monthly Mortgage Amount | $8,104 | $8,643 | $6,685 |
| Taxes | $1705 | $1705 | $1705 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $736 | $0 | $0 |
| Monthly Estimated Total | $10,902 | $10,705 | $8,747 |
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