4028 S King Drive, Chicago, IL 60653
Local realty services provided by:Better Homes and Gardens Real Estate Connections
4028 S King Drive,Chicago, IL 60653
$975,000
- 11 Beds
- 7 Baths
- - sq. ft.
- Multi-family
- Pending
Listed by:lateefah neal
Office:nts realty group, llc.
MLS#:12434295
Source:MLSNI
Price summary
- Price:$975,000
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!
Contact an agent
Home facts
- Year built:1888
- Listing ID #:12434295
- Added:48 day(s) ago
- Updated:September 25, 2025 at 01:28 PM
Rooms and interior
- Bedrooms:11
- Total bathrooms:7
- Full bathrooms:7
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Year built:1888
Utilities
- Water:Lake Michigan, Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$975,000
- Tax amount:$7,600 (2023)
Copyright 2025 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed.New listings near 4028 S King Drive
- New
$289,000Active3 beds 2 baths2,000 sq. ft.7141 N Kedzie Avenue #1515, Chicago, IL 60645
MLS# 12473789Listed by: @PROPERTIES CHRISTIE'S INTERNATIONAL REAL ESTATE - New
$775,000Active3 beds 3 baths2,498 sq. ft.4646 N Greenview Avenue #25, Chicago, IL 60640
MLS# 12474430Listed by: @PROPERTIES CHRISTIE'S INTERNATIONAL REAL ESTATE - New
$379,900Active4 beds 3 baths6253 N Harlem Avenue, Chicago, IL 60631
MLS# 12475269Listed by: O'NEIL PROPERTY GROUP, LLC - New
$995,000Active6 beds 3 baths1922 N Humboldt Boulevard, Chicago, IL 60647
MLS# 12475666Listed by: NEW ERA CHICAGO, LLC - New
$159,900Active2 beds 1 baths900 sq. ft.5601 W Byron Street #GA, Chicago, IL 60634
MLS# 12475941Listed by: NEW CENTURY MANAGEMENT & RE CO - New
$674,900Active3 beds 2 baths1,900 sq. ft.333 S Desplaines Street #607, Chicago, IL 60661
MLS# 12476128Listed by: REDFIN CORPORATION - New
$699,900Active3 beds 2 baths1,800 sq. ft.1134 W Fullerton Avenue #1, Chicago, IL 60614
MLS# 12479597Listed by: EXP REALTY - New
$390,000Active2 beds 2 baths1,602 sq. ft.5201 S Cornell Avenue #20E, Chicago, IL 60615
MLS# 12480109Listed by: @PROPERTIES CHRISTIE'S INTERNATIONAL REAL ESTATE - New
$500,000Active6 beds 3 baths3462 W North Avenue, Chicago, IL 60647
MLS# 12480884Listed by: CROSS STREET REAL ESTATE - New
$7,995,000Active6 beds 8 baths9,512 sq. ft.1878 N Orchard Street, Chicago, IL 60614
MLS# 12481062Listed by: PREMIER RELOCATION, INC.
Protect your home and budget with an American Home Shield© home warranty. Learn more© 2025 Better Homes and Gardens Real Estate LLC. An Anywhere Real Estate company. All rights reserved. Better Homes and Gardens® Real Estate is a registered trademark owned by Meredith Operations Corporation, licensed to Better Homes and Gardens Real Estate LLC and used with permission. Better Homes and Gardens Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Listing information is deemed reliable but is not guaranteed accurate.
Each office is independently owned and operated.
Any services or products provided by third parties are not provided by, affiliated with or related to Better Homes and Gardens Real Estate LLC, or its affiliated companies.