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Image 1 - 8031-8041 South Doctor Martin Luther King Junior Drive, Chicago, IL 60619, USA - House for sale
Image 2 - 8031-8041 South Doctor Martin Luther King Junior Drive, Chicago, IL 60619, USA - House for sale
Image 3 - 8031-8041 South Doctor Martin Luther King Junior Drive, Chicago, IL 60619, USA - House for sale
Image 4 - 8031-8041 South Doctor Martin Luther King Junior Drive, Chicago, IL 60619, USA - House for sale
Image 5 - 8031-8041 South Doctor Martin Luther King Junior Drive, Chicago, IL 60619, USA - House for sale
Home For Sale In Chicago, Illinois
8031-8041 South Doctor Martin Luther King Junior Drive, Chicago, IL 60619, USA

Home For Sale In Chicago, Illinois

house for sale
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Listed: 03/19/24

8031-8041 South Doctor Martin Luther King Junior Drive, Chicago, IL 60619, USA

Studio Bed:
2 Bath:
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Price
$ 995,000

About This House

17-unit apartment building located at8039 SKing Drive in the Chatham neighborhood of Chicago. Situated on a spacious13, 375square-foot lot, the property features ample onsite parking-a highly sought-after amenity in this densely populated area. While some units have received recent updates, this property presents investors with an exciting opportunity to complete renovations and unlock value by significantly boosting revenue. The property offers easy access to I-90 and I-94, just a short drive away. Public transportation is easily accessible with the 79th Street Red Line CTA station just a short walk away.

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Chatham Fields Housing & Living

Household Income

Median household income: $57,238
Number of households: 1,1M
The average household income in Chicago, IL grew from $55,295 to $57,238 in the past year. This data is an estimate based upon 1,1M households in Chicago, IL.
The chart below presents how household income is distributed in Chicago, IL in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Chicago, IL compared to median property taxes around the country. The prevalent amount of property taxes in Chicago, IL equals $3k+ , which is more than the national average.