6244 South King Drive Chicago, IL 60637

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.