4028 South King Drive, Chicago, IL, 60653

$975,000

11

Beds

7

Baths

About 4028 South King Drive

Historic Grand Boulevard 4-Flat with High Income Potential + Bonus Coach House! Own a piece of Chicago's architectural legacy with this stunning, fully rehabbed 4-flat on iconic King Drive in the heart of historic Grand Boulevard. This 5,600 sq ft gem blends timeless Bronzeville charm with modern updates, offering the perfect combination of luxury, income, and long-term upside. Gut-renovated in 2010 and refreshed in 2022 with new kitchens and bathrooms in Units 1 & 2, this property is fully leased and generating strong, consistent rental income-delivering instant cash flow from day one. Whether you're an investor or owner-occupant, this is a turn-key opportunity with tremendous upside. Each of the four expansive units features soaring 10-foot ceilings, generous layouts, and modern finishes. But the value doesn't stop there-out back, an unfinished coach house offers endless potential. Envision a 2-car garage topped with a 2-bedroom apartment to easily create a fifth income-producing unit and boost your ROI. Location perks: * Steps from CTA Green Line + King Drive bus. * Quick access to I-90/94 and Lake Shore Drive. * Walk to lakefront beaches, bike paths, and parks. * Just 2 miles to Hyde Park, U of C, and McCormick Place. * Only 4 miles to downtown Chicago. This is more than a property-it's a portfolio-builder. Rarely does a move-in-ready, cash-flowing multi-unit with future development potential hit the market in such a prime, appreciating neighborhood. Currently a 6.6% CAP rate with room to grow. Schedule your private tour today-this opportunity won't last!

Additional Information: This property is located in the CHI - Grand Boulevard neighborhood, IL. This 11 bedrooms two to four units property is priced at $975,000.

Facts & Features

MLS® # 12434295
Price $975,000
Bedrooms 11
Bathrooms 7.00
Taxes $7,600
Acres 0.00
Year Built 1888
Type Residential Income
Sub-Type Two to Four Units
Status Contingent

Community Information

Address 4028 South King Drive
Area CHI - Grand Boulevard
City Chicago
County Cook
State IL
Zip Code 60653

Amenities

Parking Spaces 2
Parking Tandem, Garage, On Site, Garage Owned, Detached
# of Garages 2
Is Waterfront No
Has Pool No

Interior

Heating Natural Gas
Fireplace No
Has Basement Yes
Basement Finished, Daylight

Exterior

Exterior Brick, Masonite, Limestone

School Information

District 299

Additional Information

Days on Market 72
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No
Taxes $7,600

Listing Details

OfficeNTS Realty Group, LLC
Contact Info773-256-4687

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?