No Photos
Image 1 - 3428 South Doctor Martin Luther King Junior Drive, Chicago, IL 60653, USA - House for sale
Image 2 - 3428 South Doctor Martin Luther King Junior Drive, Chicago, IL 60653, USA - House for sale
Image 3 - 3428 South Doctor Martin Luther King Junior Drive, Chicago, IL 60653, USA - House for sale
Image 4 - 3428 South Doctor Martin Luther King Junior Drive, Chicago, IL 60653, USA - House for sale
Image 5 - 3428 South Doctor Martin Luther King Junior Drive, Chicago, IL 60653, USA - House for sale
Image 6 - 3428 South Doctor Martin Luther King Junior Drive, Chicago, IL 60653, USA - House for sale
Image 7 - 3428 South Doctor Martin Luther King Junior Drive, Chicago, IL 60653, USA - House for sale
Home For Sale In Chicago, Illinois
3428 South Doctor Martin Luther King Junior Drive, Chicago, IL 60653, USA

Home For Sale In Chicago, Illinois

house for sale
Listed: 04/21/24

3428 South Doctor Martin Luther King Junior Drive, Chicago, IL 60653, USA

Studio Bed:
9 Bath:
Save
Price
$ 2,95M

About This House

3428 S.King Drive is a beautiful six (6) flat Greystone building in Chicago's Bronzeville neighborhood. The building provides easy access to downtown and is located just a few blocks from Lake Michigan. 3428 S.King is a unique opportunity to obtain a cash-flowing mixed-use property in one of the most desirable pockets of Chicago's south side. The building is comprised of two (2) master lease retail units, two (2) 3BD/2BAand two (2) 4BD/2BA.Recent improvements to the building include but are not limited to: gut-renovated units with modern finishes throughout, central air, individual mechanicals, in-unit washer dryer, updated electric, copper plumbing, and an abundance of tuckpointing and masonry work. From day one, a new investor will realize a cap rate exceeding 8% …  Full description

Protect Yourself From Rental Scams

While we strive to provide accurate and timely information, it's essential to remain vigilant and do your due diligence when considering rental properties. Make sure to follow expert tips to reduce the risk of fraud when renting a new apartment.

Similar Houses for Sale Nearby

$2,88M

Available: Right Now

Listed: 03/05/2024

4844 South Saint Lawrence Avenue, Chicago, IL 60615, USA

House
Studio
6

Exceptional investment opportunity in Bronzeville. Fully stabilized 6 unit building with high-end condo quality finishes. 2022 New Construction, intelligently designed all brick building, boasting an impressive 6.7% Cap Rate with$238, 000+ gross inco...

$3M

Available: Right Now

Listed: 03/05/2024

2017 South Throop Street, Chicago, IL 60608, USA

House
Studio
1

Introducing an exceptional investment opportunity in the vibrant neighborhood of Pilsen! This brand new, gut-rehabbed multifamily building boasts 15 stylish units, offering the perfect blend of modern luxury and urban convenience. With a 7.51% capita...

$3,2M

Available: Right Now

Listed: 03/05/2024

1723-1725 South Ashland Avenue, Chicago, IL 60608, USA

House
Studio
6

Pleased to present, to qualified investors, the opportunity to acquire1723- 25 SAshland Ave, Chicago, IL, 60608.This renovated Mixed-Use building contains four commercial spaces and 9 residential units. Units contain forced heat and air, high ceiling...

$2,65M

Available: Right Now

Listed: 03/05/2024

940-942 North Greenview Avenue, Chicago, IL 60622, USA

House
Studio
4

$223, 460/year Gross Income | $173, 810/year Net Income | 6.6% Cap Rate - Impressive for being 1.5 Miles East of Western Ave! | THEE Quintessential Turn Key Investment at 1500 West Walton Street and 940 North Greenview Avenue | Nestled between the Wi...

$3M

Available: Right Now

Listed: 03/05/2024

1436 North Astor Street, Chicago, IL 60610, USA

House
Studio
3

Astor Street opportunity to create your own luxury residence! Classic limestone structure currently 8 total units on 4 floors! Lot size is 110x25.5 (Parcel = 2, 805 sqft). Two(2) studio apts., Five(5) one-bedroom apts., One (1) one-bed/two-bath apt. ...

$2,75M

Available: Right Now

Listed: 03/05/2024

948-954 North Campbell Avenue, Chicago, IL 60647, USA

House
Studio
2

12 unit building in Ukrainian Village. 9 2 bedroom units, 3 three bedroom units. All individual furnaces 3 units have added central air. Owned coin op in basement. Strong rental history and solid rent roll. Rent roll, expenses, survey are included in...

Douglas 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.