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    6555 S King Dr Chicago, IL 60637

    For Sale
    $2,250,000

    Commercial Sale - Chicago, IL

    Days on Market:
    142
    Last Refresh:
    Dec 13 at 1:06 am

    Property Features for 6555 S King Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    20222160170000

    Utilities

    Cooling system
    Multi Units, Window Unit(s)

    Building Details

    Year built
    1908
    Number of units
    24
    Architectural style
    Other

    Pearson Group LLC (773) 325-2800 [email protected]

    Listing agent David McLennan (773) 325-2800 License #475165323

    Listing date Jul 25, 2025

    MLS# 12429687 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    24-Unit Multifamily Building in Chicago

    This is a solid brick, 24-unit walk-up apartment building featuring a unit mix of 2-bed/1-bath units. The property is located in the West Woodlawn area. The building was gutted down to the bricks and completely renovated a few years ago. The renovation included a new roof, new copper plumbing, new electrical, and new gas lines. Each unit was rehabbed with hardwood floors, new walls, new kitchens and bathrooms, new windows, in-unit circuit breakers, and individual gas forced air furnaces. There are four separate entrances, one on South King Drive and the other three on 66th Street, each featuring exposed brick walls and a skylight. Four separate basement entrances are accessible through the rear courtyard, with one basement containing a laundry area with two washers and two dryers for tenant use. The CTA green line stop is located two blocks north of the property, and the CTA #3 bus line runs north and south down King Drive, with a stop just outside the 6553 entrance to the building. The Robert R. McCormick Leadership and Economic Opportunity Center, an 85,000 sq. ft. community center, is being built across 66th Street.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.61515
    Latitude
    41.77501

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    FAQs

    What type of property is this?
    Apartment building - Renovated 24-unit apartment building in West Woodlawn, Chicago.
    Where is this apartment building located?
    The property is located at 6555 S King Dr Chicago, IL.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: - Fully renovated building featuring a new roof, copper plumbing, electrical, gas lines, hardwood floors, kitchens, and bathrooms.; - Desirable unit mix with all units being 2-bedroom/1-bath.; - Proximity to the future Obama Presidential Library.
    (773) 325-2800
    Request Owner's contact information
    6555 S King Dr Chicago, IL 60637
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    Chicago, IL 60637
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6555 S King Dr Chicago, IL 60637
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