NOT LISTED FOR SALE

3555 S King Dr Chicago, IL 60653

Bronzeville Neighborhood
10 Beds
6 Baths
-- Sq Ft
1908 Built

Last Sold April 13, 2022

Last sale price $899,750

7 Days on Market

Highlights

  • Gated Community
  • Soaking Tub
  • Ceiling Fan
  • Fenced Yard
  • Forced Air Heating System
  • Paved or Partially Paved Lot

About This Home

As of April 2022

AMAZING INVESTMENT OPPORTUNITY IN BOOMING AREA! Own a 4 Unit property on historic Martin Luther King Jr. Drive Boulevard in popular Bronzeville neighborhood. 1st & 2nd floor unit our identical in layout. 2nd & 3rd floor has the same expansive layout that it's the length of the entire building 2200 sq ft each. The 1st floor units have been recently renovated within the last 5 year. It is a 2-bedroom, 1 bathroom unit includes separate dining room, living room and kitchen. Updated lighting, kitchen cabinets, and bathroom ceramic tile. The 2nd floor has been newly renovated 3 bedroom and 2-bathroom apartment. Newly remodeled kitchen with white cabinets, quartz countertops, large living room, owner suite with soaker tub, spacious closet. Additional space for home office. 3rd floor unit needs to be completely renovated. Washer and dryer in all units. A stunning and valued street close to transportation, fitness center, restaurants, Lake Michigan, and the New "Mariano's" grocery store. Living in a piece of what's next. Live in the heart of Bronzeville where the diversity and equity in homes and the neighborhood are easily recognizable. The location of this apartment makes it a commuter's paradise because it's less than a 5 minutes' drive from a total of 5 separate major expressways and Downtown Chicago! Wintrust Arena, McCormick Place, White Sox Park, Beach are just blocks away. MINUTES TO LOOP, LAKE, MARIANO'S, DINING, HYDE PARK, U of C campus, IIT campus and Lake Shore Drive. THE BUILDING IS FULLY OCCUPIED. PLEASE DO NOT DISTURB THE TENANT!!!!!

Last Agent to Sell the Property

Tiffany Watkins

Art Property Management LLC License #471014916 Listed on: 01/26/2022

Last Buyer's Agent

Darryl Toney

RE/MAX Premier License #471019677

RE/MAX Premier

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,669

Year Built

  • Built in 1908

Lot Details

  • Lot Dimensions are 50x160
  • Fenced Yard
  • Paved or Partially Paved Lot

Home Design

  • Brick Exterior Construction
  • Rubber Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3-Story Property
  • Ceiling Fan
  • Storm Screens

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Potential Bedrooms
  • 6 Bathrooms
  • Soaking Tub

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 2 Parking Spaces
  • Uncovered Parking
  • Off Alley Parking
  • Parking Included in Price

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Individual Controls for Heating

Community Details

Building Details

  • Electric Expense $360
  • Insurance Expense $3,600
  • Maintenance Expense $4,990
  • Manager Expense $5,400
  • Professional Management Expense $2,700
  • Water Sewer Expense $2,400
  • Gross Income $6,935
  • Net Operating Income $6,935

Additional Features

  • 4 Units
  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,669

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Professional Management Expense: 2700
  • Year Built: 1908
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Walkout
  • Total Bathrooms: 6
  • Total Bedrooms: 10
  • Other Equipment: Ceiling Fan(s)
  • Basement Description: Unfinished
  • Bathroom Amenities: Soaking Tub
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Central Air Conditioner,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Microwave,Central Air Conditioner,Hardwood Floors,Walk-In Closet
  • AppliancesAndFeatures: Laundry Hook-Up

Exterior Features

  • ExteriorFeatures: Storms/Screens
  • Foundation Details: Concrete Perimeter
  • Lot Features: Fenced Yard, Sidewalks, Streetlights
  • OtherStructures: None
  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Off Alley
  • ParkingTotal: 2
  • Number of Cars: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air, Indv Controls
  • Water Source: Public

Condo/Co-op/Association

  • Manager Expense: 5400
  • Community Features: Curbs, Gated, Sidewalks, Street Lights, Street Paved

Fee Information

  • Water Sewer Expenses: 2400

Lot Info

  • Lot Dimensions: 50X160
  • Zoning: MULTI
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas,Heat

Multi Family

  • Net Operating Income: 6935
  • Insurance Expense: 3600
  • ElectricExpense: 360
  • GrossIncome: 6935
  • Maintenance Expense: 4990
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Story Unit/s

Tax Info

  • Tax Annual Amount: 10668.86
  • Tax Year: 2020
  • Tax Exemptions: None

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/13/2022 04/13/22 Sold $899,750 0.0% --
02/03/2022 02/03/22 Pending -- -- --
01/26/2022 01/26/22 For Sale $900,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tiffany Watkins

    Seller's Agent in 2022

    Tiffany Watkins

    Art Property Management LLC

    (312) 999-0889

    1 in this area

    25 Total Sales

    Tiffany Watkins
    Section Image
  • Darryl Toney

    Buyer's Agent in 2022

    Darryl Toney

    RE/MAX

    (773) 531-2763

    1 in this area

    30 Total Sales

    Darryl Toney
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11311852

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60653 Bronzeville

3555 S King Dr, Chicago, IL

Not Listed for Sale

MultiFamily

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