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Informations principales sur l'investissement
- Recently renovated 52-unit multifamily community in Washington Park.
- Features a landscaped courtyard, leasing office, and surface parking.
- Convenient access to Interstate 90/94 and multiple CTA rail stations.
- Diverse mix of one-bedroom, two-bedroom, and three-bedroom apartments.
- Located less than one mile from the University of Chicago and UChicago Medicine.
- Offered fully vacant, allowing immediate lease-up implementation.
Résumé analytique
Auction Date: 9/14-9/16 Starting Bid: $100,000
6116 S. King Drive presents an opportunity to acquire a 52-unit multifamily apartment building in Chicago's Washington Park neighborhood. The three-story brick property was originally constructed in 1905 and renovated in 2021, offering a mix of one-bedroom, two-bedroom, and three-bedroom apartments. Property amenities include a landscaped courtyard, an on-site leasing office, and a surface parking lot.
The property benefits from a location within one of Chicago's established South Side residential corridors, less than one mile from the University of Chicago and UChicago Medicine. The surrounding area is supported by major employment, education, and healthcare institutions that contribute to ongoing housing demand. Residents also benefit from convenient access to Interstate 90/94 and multiple CTA Green and Red Line stations, providing connectivity throughout the Chicago metropolitan area.
Washington Park's proximity to Hyde Park, Woodlawn, major transit infrastructure, and neighborhood retail amenities positions the asset within an active residential market. Offered fully vacant, the property provides investors with the ability to implement a lease-up strategy immediately upon acquisition and establish new tenancy without disruption to existing occupants. The combination of recent renovations, diverse unit mix, on-site amenities, and access to major demand drivers creates a compelling repositioning and value-add opportunity within a well-connected urban location.
6116 S. King Drive presents an opportunity to acquire a 52-unit multifamily apartment building in Chicago's Washington Park neighborhood. The three-story brick property was originally constructed in 1905 and renovated in 2021, offering a mix of one-bedroom, two-bedroom, and three-bedroom apartments. Property amenities include a landscaped courtyard, an on-site leasing office, and a surface parking lot.
The property benefits from a location within one of Chicago's established South Side residential corridors, less than one mile from the University of Chicago and UChicago Medicine. The surrounding area is supported by major employment, education, and healthcare institutions that contribute to ongoing housing demand. Residents also benefit from convenient access to Interstate 90/94 and multiple CTA Green and Red Line stations, providing connectivity throughout the Chicago metropolitan area.
Washington Park's proximity to Hyde Park, Woodlawn, major transit infrastructure, and neighborhood retail amenities positions the asset within an active residential market. Offered fully vacant, the property provides investors with the ability to implement a lease-up strategy immediately upon acquisition and establish new tenancy without disruption to existing occupants. The combination of recent renovations, diverse unit mix, on-site amenities, and access to major demand drivers creates a compelling repositioning and value-add opportunity within a well-connected urban location.
Informations sur l’immeuble
Lot informations sur la combinaison
| Description | Nb de lots | Moy. loyer/mois | m² |
|---|---|---|---|
| 1+1 | 46 | - | 56 |
| 2+1 | 4 | - | 79 |
| 3+2 | 2 | - | 102 |
1 1
Moyennement praticable à pied
70/100
Moyennement adapté aux voitures
70/100
Bons transports en commun
70/100
Moyennement praticable en vélo
70/100
Taxes foncières
| Numéro de parcelle | 20-15-317-034-0000 | Évaluation des aménagements | 301 543 € |
| Évaluation du terrain | 96 439 € | Évaluation totale | 397 982 € |
Taxes foncières
Numéro de parcelle
20-15-317-034-0000
Évaluation du terrain
96 439 €
Évaluation des aménagements
301 543 €
Évaluation totale
397 982 €
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Présenté par
6116-6134 S King Dr
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