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Renovated 52-Unit Apartment Building
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For Sale
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6116 S King Drive, Chicago, IL 60637

Vacant, three-story brick property with a courtyard, leasing office, and surface parking lot.

Property Size32,225 SF
Lot Size0.73 Acres
Days on Market6

Property Features for 6116 S King Drive

General Information

Standard status Active
Size 32,225 SF
Lot size 0.73 Acres
Property subtype Multi-Family

Site & Location

Highway Access Yes
Road Access Yes
Public Transit Yes

Additional Details

Multifamily Units 52

Amenities

landscaped courtyard
on-site leasing office

Building Details

Building Size 32,225 SF
Year Built 1905
Year Renovated 2021
Buildings 1
Stories 3
Units 52
Construction brick
Listing Agency: Frontline Real Estate Partners
Listed By: Matthew Tarshis · License #471022713
Source: Commercialcafe
Added: Aug 15 Changed: Aug 16 Last Checked: Aug 18 at 9:56AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Frontline Real Estate Partners

Investment Insights

Based on property information with market context.

This vacant three-story brick apartment building contains 52 residential units across approximately 39,480 square feet on 0.73 acres. The unit mix includes one-bedroom, two-bedroom, and three-bedroom apartments. Originally built in 1905 and renovated in 2021, the property also includes a landscaped courtyard, on-site leasing office, and surface parking lot.

Located at 6116 S King Drive in Chicago’s Washington Park neighborhood, the building is less than one (1) mile from the University of Chicago, UChicago Medicine, Interstate-90 (I-90), Interstate-94 (I-94), and CTA Green and Red Line “L” stations. The surrounding area includes Washington Park, the Hyde Park and Woodlawn employment and education corridor, and nearby retail amenities.

The property is offered vacant, providing a multifamily building with existing improvements and an opportunity for new ownership to undertake lease-up activities.

Key Highlights

  • 52 residential units with one‑bedroom, two‑bedroom, and three‑bedroom layouts
  • Approximately 39,480 square feet on 0.73 acres
  • Originally constructed in 1905 and renovated in 2021

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Kitchen & Bath Showroom Law Firm Computer & Electronic Repair Bakery Carpet & Flooring Store Building Supply

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

Lease Details

52
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

943
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 - Vacant, three-story brick property with a courtyard, leasing office, and surface parking lot.
Where is this apartment building located?
The property is located at 6116 S King Drive Chicago, IL.
What are key features of this property?
This property features: 52 residential units with one‑bedroom, two‑bedroom, and three‑bedroom layouts; Approximately 39,480 square feet on 0.73 acres; Originally constructed in 1905 and renovated in 2021
More about this property
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