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Gutted Apartment Building with Coach House
For Sale
$550,000

5930 S King Drive, Chicago, IL 60637

Commercial Sale, Chicago, IL

Property SizeContact for details
Days on Market165

Property Features for 5930 S King Drive

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 15
Bathrooms 10
Full bathrooms 10
Rooms Bathroom 4, Bedroom 3, Bathroom 5, Bedroom 15, Bedroom 11, Bathroom 6, Bedroom 5, Bedroom 1, Bathroom 7, Bedroom 9, Bedroom 10, Bedroom 4, Bedroom 13, Bedroom 8, Bathroom 3, Bedroom 12, Bedroom 6, Bathroom 10, Bathroom 8, Bathroom 9, Bedroom 2, Bedroom 7, Bedroom 14, Bathroom 1, Bathroom 2
Directions King Dr North or South to 5930
Subdivision CHI - Washington Park
Standard status Active
APN 20153050320000

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 11696

Building Details

Year built 1894
Floors in Building 4
Number of units 5
Building materials Brick
Listing Agency: Real Broker LLC
Listed By: Rafay Qamar · License #475158420
Added: Mar 17 Changed: Aug 28 Last Checked: Aug 28 at 11:06PM
MLS# 12594306

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This 1894 brick apartment property at 5930 S King Drive includes an approximately 8,000-square-foot main building, a separate coach house, and three on-site garage spaces. The main structure has been fully gutted for redevelopment and includes garden-level areas along with first-, second-, and third-floor space oriented toward Washington Park. The property is offered as-is.

The building is positioned along Washington Park and includes architectural plans for a six-unit layout. The current redevelopment concept indicates potential for six to nine residential units, subject to buyer verification. Plans may be shared with qualified buyers, providing an existing framework for evaluating the next phase of the property.

Key Highlights

  • Approximately 8,000 sq ft main building with separate coach house
  • Main building is fully gutted and offered as‑is
  • Potential for 6‑9 residential units, subject to buyer verification

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Kitchen & Bath Showroom Building Supply HVAC Service Law Firm Dental Office Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,011
Businesses Nearby

Demographics for 60637, IL

53,555
Population
26,717
Households
2
Avg Household Size
31
Median Age
37%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
11,901
Density / Sq Mi
$42,080
Median Household Income
$33,227
Median Earnings
$1,170
Median Rent
$243,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Redevelopment property includes a coach house and on-site garage parking.
Where is this apartment building located?
The property is located at 5930 S King Drive Chicago, IL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Approximately 8,000 sq ft main building with separate coach house; Main building is fully gutted and offered as‑is; Potential for 6‑9 residential units, subject to buyer verification
More about this property
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