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Three-Unit Residential Income Property
For Sale
Contact for pricing
Pending

7406 S King Drive, Chicago, IL 60619

Solidly constructed 3-unit building with 2025 roof and new windows, plus basement washer and dryer.

Property SizeContact for details
Days on Market137

Property Features for 7406 S King Drive

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Multifamily Units 3

Amenities

washer & dryer in the basement

Building Details

Year Built 1957
Year Renovated 2025
Tenancy Multi
Listing Agency: SK Properties Group, LLC
Listed By: Suni Karim · License #471000095
Source: Crexi
Added: Apr 23 Changed: Aug 8 Last Checked: Jul 24 at 3:38PM

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 SK Properties Group, LLC

Investment Insights

Based on property information with market context.

This three-unit residential income property is described as solidly constructed and in very good condition. Recent improvements include new windows and a roof replacement in 2025. The three units are described as spacious, and there is a washer and dryer located in the basement.

The property is located on the main thoroughfare of King Drive. Prospective buyers are asked to be pre-approved before submitting an offer.

Key Highlights

  • 3‑unit building built in 1957
  • New roof and new windows replaced in 2025
  • Basement includes washer & dryer

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Kitchen & Bath Showroom Dental Office Skin Care Clinic (Bike/Boat/Book/etc) Store Plumbing Service

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

3
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

920
Businesses Nearby

Demographics for 60619, IL

63,303
Population
33,547
Households
1.9
Avg Household Size
43
Median Age
27%
College-Educated
90%
High-School Grad
6.1 sq mi
ZIP Area
10,378
Density / Sq Mi
$43,403
Median Household Income
$35,672
Median Earnings
$1,054
Median Rent
$213,000
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?
Triplex - Solidly constructed 3-unit building with 2025 roof and new windows, plus basement washer and dryer.
Where is this triplex located?
The property is located at 7406 S King Drive Chicago, IL.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: 3‑unit building built in 1957; New roof and new windows replaced in 2025; Basement includes washer & dryer
(773) 493-7000 Call to check price and availability
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