Active Under ContractPrice Reduced

$550,000

$575,000
5930 King Drive, Chicago, IL 60637
12 Beds8 Baths165 days
5930 King Drive·Chicago, IL 60637
12Bedrooms
8Bathrooms
1894Year Built
About This Home

Prime Washington Park development opportunity offering scale, flexibility, and park-front exposure. Zoned RM-5, this property features an approximately 8,000 sq ft main building plus a coach house with three on-site garage spaces, presenting potential for 6-9 residential units (buyer to verify). The main building is fully gutted and ready for redevelopment, with bright garden-level units and first-, second-, and third-floor units overlooking Washington Park-a strong draw for future tenants. Architectural plans for a 6-unit configuration are available, and the seller is willing to share plans with qualified buyers. Surrounded by ongoing new construction and redevelopment, this is an excellent opportunity for developers or investors seeking a value-add or repositioning project in a growing corridor with convenient access to transportation and neighborhood amenities. Sold as-is.

MLS# 12594302Listed March 17, 2026Residential Income
Property Details

Beds & Baths

Total Bedrooms12
Total Bathrooms8
Total Rooms24

Size & Structure

Garage Spaces3
Year Built1894
Lot Size42.5 X 177.25

Location

CountyCook
TownshipHyde Park
Zip Code60637

Financial

List Price$550,000
Original Price$575,000
Annual Taxes (2024)$11,696
Monthly Tax Est.$975
Parcel #20153050320000
Interior Features

Heating

None

Basement

UnfinishedFull
Exterior & Lot

Construction

Brick

Roof

Asphalt

Foundation

Stone
Utilities & Parking

Sewer

Public Sewer

Water Source

Public

Parking

No GarageYesGarage OwnedDetachedGarage
HOA & Community

Community Features

SidewalksStreet Lights
Tax & Financial
Annual Taxes
$11,696
Tax Year 2024
Monthly Tax Est.
$975
per month
Price Reduced by $25,000
Original list price: $575,000
Property Location

5930 King Drive, Chicago, IL 60637 — Cook County

$550,000
5930 King Drive
12 bd8 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
165 days on market
3-car garage
42.5 X 177.25
$11,696/yr taxes
Price reduced $25,000
$3,865
estimated monthly payment
Principal & Interest
$2,890/mo
Property Tax
$975/mo
$550,000
20% — $110,000
3%50%
6.875%
3%12%
Loan Amount
$440,000
Down Payment
$110,000

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

Listed by
Real Broker LLC
Agent: Rafay Qamar
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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