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.
Listed By
Agency Name: Real Broker LLC
Agency Phone: 217-960-8605
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
Estimated Payment
$ 2,359.06 per month $1,224.06 Principal & Interest $974.58 Property Tax $160.42 Homeowner's Insurance
5930 S King Drive | MLS# 12594306
This multi-family property located at 5930 S King Drive, Chicago, IL 60637 is currently listed for sale with an asking price of $550,000. Search Chicago real estate on www.bhhscrosby.com today.