3428 South King Drive

Chicago, IL 60616

$2,499,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Historic Bronzeville and south loop neighborhood within steps away from everything for the daily live necessities. Mixed-use building with recent full rehab and updates featuring 4-residential units, all 3-bedrooms 2-baths, large size units each exceeding 1,700 Sq. ft. with master baths, and with 2-retail units, finished basement with several retail individual units. Building has undergone major renovation and full updates standing like brand new interior with individual utilities. Nearby the 31st...Historic Bronzeville and south loop neighborhood within steps away from everything for the daily live necessities. Mixed-use building with recent full rehab and updates featuring 4-residential units, all 3-bedrooms 2-baths, large size units each exceeding 1,700 Sq. ft. with master baths, and with 2-retail units, finished basement with several retail individual units. Building has undergone major renovation and full updates standing like brand new interior with individual utilities. Nearby the 31st beach, and the King Dr. bus stop commuting downtown. Minutes to Lake Shore Dr., major roads and interstates.
  1. Listed by Mark Ahmad • Century 21 Circle

Property Details for 3428 South King Drive

Area
CHI - Douglas
Township
South Chicago
Zoning
MULTI
LISTING UPDATED: 01/08/2025 08:37 AM

Property Details for 3428 South King Drive

StatusNew
MLS #12263809
Days on Market2
Taxes$21,445 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1893
Lot Size0.14 AC / 6,250 SF
CountyCook County

Building Information for 3428 South King Drive

Stories3Residences6Year Built1893Lot Size0.14 AC / 6,250 SF

Property Information for 3428 South King Drive

General Information
Location and General Information
  • Frontage Type: City Street
  • Geographic Locale: Chicago South
  • Information: 24-Hr Notice Required,List Broker Must Accompany,Other-See Remarks,Highly Confidential
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers
  • # Of Washers: 2
  • Heat/Ventilation: Other
  • Washer/Dryer Lsd: No
  • # Of Dryers: 2
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 4
  • Misc Outside: Balcony/ies,Sun Deck
Property/Lot Information
  • Tenant Pays: Electricity, Varies by Tenant
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 50 X 125
  • Lot Size Square Feet: 6250.0
  • Stories: 3
  • Exterior Building Type: Brick, Stone
  • Construction: Brick
  • Fire Protection: Other
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 12000
  • # Of Offices: 0
  • # Of Stores: 2
  • Property Sub Type: Apts/Ofc/Store, Apts/Ofc, Apts/Stores
Property and Assessments
  • Possible Use: Special Use
  • Public Document Count: 0
  • Photos Count: 34
Miscellaneous
  • Current Use: Special Use
  • Location: Central Business District,Mixed Use Area,Public Transport Avail,In City Limits,High Traffic Area
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $4,800.00
  • Fuel Expense: $6,000.00
  • Gross Income: $336,000.00
  • Gross Scheduled Income: $336,000.00
  • Insurance Expense: $2,400.00
  • Electric Expense Source: Owner Projection
  • Known Encumbrances: None Known
  • Expense Year: 2023
  • Total Annual Expense Source: Actual
  • Fuel Expense Source: Owner Projection
  • Insurance Expense Source: Owner Projection
  • Trash Expense Source: Owner Projection
  • Total Monthly Income: 28000
  • Water Expense Source: Owner Projection
  • Net Operating Income: $267,119.00
  • Operating Expense: $68,901.00
  • Other Expense: $.00
  • Trash Expense: $2,400.00
  • Water Sewer Expense: $4,800.00

Property History for 3428 South King Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3428 South King Drive

Taxable ValueLand$15,625Additions$85,679Total$101,304
Tax Record2022$20,902 ($1,742 / month)
Home Facts
Baths10Total Finished SqFt11,655 SqFtAbove Grade Finished SqFt11,655 SqFtStories3Lot Size6,250 SqFtStyleStoresYear Built1893CountyCOOKAPN17-34-123-059

Schools near 3428 South King Drive

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Pershing Elementary Humanities Magnet
PublicPK to 8

Phillips Academy High School
Public9 to 12

Chicago Military Academy High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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3428 South King Drive is a mixed use property for sale in Chicago, IL 60616. This property was listed for sale on January 8, 2025 by Century 21 Circle, it's currently listed at $2,499,000. It has been on the market for a total of 2 days and was last sold on April 26, 2011. This listing's school district is Chicago Public Schools. Nearby schools include Pershing Elementary Humanities Magnet, Phillips Academy High School and Chicago Military Academy High School. 3428 South King Drive is a 0-bed, 0-bath, mixed use property built in 1893.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Century 21 Circle

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 01/08/2025 08:37 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.