West Woodlawn Multifamily Investment
6244 South King Drive, Chicago, IL 60637
147-unit multifamily property with retail component in up-and-coming West Woodlawn.
Type:Multifamily
Property size:
78,000 SFLot size:
0.18 AcresPrice / SF:
$79/SF- Added:
- Jan 27, 2026
- Days on Market:
- 114
- Last Refresh:
- Apr 5 at 8:09 pm
Property Features for 6244 South King Drive
General Information
- Standard status
- Active
- Size
- 78,000 SF
- Lot size
- 0.18 Acres
- Property subtype
- Multifamily
Listing agent Sean Connelly License #471022047 (773) 899-1334
Listing office 33 Realty (773) 899-1334
Listing date Jan 27, 2026
Source 33realty
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All listing content including descriptions, pricing, images are the copyrighted material of 33 Realty
HighLights
- Prime location in the up‑and‑coming Woodlawn neighborhood, benefiting from major investments.
- Convenient access to downtown via the King Drive CTA Green Line stop, located directly adjacent to the property.
- High‑performing asset with strong cash flow and potential to increase rents.
- Significant unit count of 147 total units (including a retail unit), offering substantial income potential.
- Opportunity to convert existing office space into additional residential units, increasing the property's value.
- Proximity to Washington Park and easy access to I‑90/94.
Overview
Located in West Woodlawn, this 4-story mid-rise apartment building at 6244 South King Drive contains 140 units and one retail unit. The property is situated on 0.18 acres at the intersection of E 63rd and S MLK Dr, directly below the King Drive CTA green line stop. The unit mix includes six studio small efficiency/1-bedroom units (approximately 200 SF), six studio efficiency/1-bedroom units (approximately 320 SF), seven studio TF/1-bedroom units (approximately 320 SF), ninety-five studio/1-bedroom units (approximately 350 SF), thirteen studio large/1-bedroom units (approximately 430 SF), five studio small/1-bedroom units (approximately 350 SF), eight 2-bedroom/1-bathroom units (approximately 1,000 SF), and one retail unit (approximately 7,500 SF). The property is located in a dynamic neighborhood experiencing reinvestment, with the Obama Presidential Center and Woodlawn Central development nearby. The property is positioned along King Drive, offering access to the surrounding area. Additional features include coin laundry on-site and proximity to Washington Park and Dulles Elementary School. The building is a boiler building and is close to I-90/94. There is potential to convert office space into additional units. The property has a 9.28% Cap Rate and a total of 147 units.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6161
- Latitude
- 41.7806
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 147-unit multifamily property with retail component in up-and-coming West Woodlawn.
Where is this apartment building located?
The property is located at 6244 South King Drive Chicago, IL.
What is the asking price?
The asking price for this property is $6,200,000.
What are key features of this property?
This property features: Prime location in the up‑and‑coming Woodlawn neighborhood, benefiting from major investments.; Convenient access to downtown via the King Drive CTA Green Line stop, located directly adjacent to the property.; High‑performing asset with strong cash flow and potential to increase rents.
