Closed

$975,000

4028 KING Drive, Chicago, IL 60653
11 Beds7 Baths33 days
4028 KING Drive·Chicago, IL 60653
11Bedrooms
7Bathrooms
1888Year Built
About This Home

Historic Grand Boulevard 4-Flat with High Income Potential + Bonus Coach House! Own a piece of Chicago's architectural legacy with this stunning, fully rehabbed 4-flat on iconic King Drive in the heart of historic Grand Boulevard. This 5,600 sq ft gem blends timeless Bronzeville charm with modern updates, offering the perfect combination of luxury, income, and long-term upside. Gut-renovated in 2010 and refreshed in 2022 with new kitchens and bathrooms in Units 1 & 2, this property is fully leased and generating strong, consistent rental income-delivering instant cash flow from day one. Whether you're an investor or owner-occupant, this is a turn-key opportunity with tremendous upside. Each of the four expansive units features soaring 10-foot ceilings, generous layouts, and modern finishes. But the value doesn't stop there-out back, an unfinished coach house offers endless potential. Envision a 2-car garage topped with a 2-bedroom apartment to easily create a fifth income-producing unit and boost your ROI. Location perks: * Steps from CTA Green Line + King Drive bus. * Quick access to I-90/94 and Lake Shore Drive. * Walk to lakefront beaches, bike paths, and parks. * Just 2 miles to Hyde Park, U of C, and McCormick Place. * Only 4 miles to downtown Chicago. This is more than a property-it's a portfolio-builder. Rarely does a move-in-ready, cash-flowing multi-unit with future development potential hit the market in such a prime, appreciating neighborhood. Currently a 6.6% CAP rate with room to grow. Schedule your private tour today-this opportunity won't last!

MLS# 12434295Listed August 8, 2025Residential Income
Property Details

Beds & Baths

Total Bedrooms11
Total Bathrooms7
Total Rooms22

Size & Structure

Garage Spaces2
Year Built1888
Lot Size40X142

Location

CountyCook
TownshipHyde Park
Zip Code60653

Financial

List Price$975,000
Annual Taxes (2023)$7,600
Monthly Tax Est.$633
Parcel #20031110230000
Interior Features

Heating

Natural Gas

Basement

FinishedDaylight
Exterior & Lot

Construction

BrickMasoniteLimestone
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake MichiganPublic

Parking

TandemGarageYesGarage OwnedDetached
HOA & Community

Community Features

CurbsGatedSidewalksStreet LightsStreet Paved
Tax & Financial
Annual Taxes
$7,600
Tax Year 2023
Monthly Tax Est.
$633
per month
Property Location

4028 KING Drive, Chicago, IL 60653 — Cook County

$975,000
4028 KING Drive
11 bd7 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
33 days on market
2-car garage
40X142
$7,600/yr taxes
$5,757
estimated monthly payment
Principal & Interest
$5,124/mo
Property Tax
$633/mo
$975,000
20% — $195,000
3%50%
6.875%
3%12%
Loan Amount
$780,000
Down Payment
$195,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
NTS Realty Group, LLC
Agent: Lateefah Neal
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