4240 S King Drive

For Sale

4240 South King Drive, Chicago, IL 60653

This Chicago property for sale is located at 4240 South King Drive. The current listed sale price for 4240 S King Drive is $960,000.

Contacts

Jesus Garcia

Essex Realty Group

Property Details

  • Property Type Multi-Family
  • Property Size 6 SF
  • Units 6
  • Date Updated Jun 29, 2026
Located just minutes south of Downtown Chicago, Bronzeville is one of Chicago's most historic and rapidly evolving neighborhoods. Known for its rich architectural character, historic greystone housing stock, and cultural significance, Bronzeville has become one of the city's most attractive multifamily investment markets. The neighborhood continues to benefit from ongoing public and private investment, new residential development, and growing renter demand driven by its central location and strong community identity. Bronzeville offers residents convenient access to Downtown Chicago, Lake Shore Drive, Interstate 90/94, multiple CTA Green Line and Red Line stations, and Chicago's lakefront. Its strategic location provides connectivity to major employment and educational hubs, including the University of Chicago, Illinois Institute of Technology, and Chicago's central business district. Bronzeville is positioned near several major economic catalysts, including the University of Chicago, the Obama Presidential Center, and The 78, Chicago's planned 62-acre mixed-use development that will further expand the city's downtown footprint and strengthen connectivity between the South Loop and surrounding South Side neighborhoods. Supported by strong rental demand, ongoing redevelopment activity, and limited inventory of comparable multifamily properties, Bronzeville continues to establish itself as one of Chicago's premier investment markets. Its combination of historic character, accessibility, and long-term growth drivers makes it a compelling destination for multifamily investors seeking exposure to one of Chicago's most dynamic neighborhoods.
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Highlights

  • Catalyst from Obama Presidential Center
  • Compelling Value-Add Execution
  • Condo conversion optionality
  • High Rental Demand
  • Highly Desirable Oversized Unit Mix
  • Rare Six-Unit Multifamily Opportunity
  • Significant Rental Upside

Attachments

Getting around

  • 78/100

    Walk Score ®

  • 71/100

    Transit Score ®

  • 71/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Chicago, IL
  • Neighborhood Bronzeville
  • Zip Code 60653
  • Market Chicago

Points of Interest

  • 35th-Bronzeville-IIT

    1.12 miles

  • 35th-Bronzewille-IIT (34th Street Entrance)

    1.18 miles

  • Garfield

    1.54 miles

  • 51st-53rd Street (Hyde Park)

    1.90 miles

  • 55th-56th-57th Street

    2.29 miles

  • Cermak-McCormick Place

    2.45 miles

  • Halsted

    2.59 miles

  • Ashland

    2.90 miles

  • 63rd Street

    2.94 miles

  • UIC-Halsted (Halsted Street)

    4.32 miles

  • BP

    0.48 miles

  • Citgo

    0.72 miles

  • Mobil

    0.91 miles

  • GoLo

    1.09 miles

  • Clark

    1.35 miles

  • Amstar

    1.53 miles

  • ChargePoint

    2.07 miles

  • eVgo

    3.58 miles

  • Blink

    3.59 miles

  • Tesla Supercharger

    3.78 miles

  • Lot L

    1.05 miles

  • Lot F

    1.11 miles

  • Tailgate Lot

    1.15 miles

  • Player Lot

    1.16 miles

  • VIP Lot E

    1.19 miles

  • Bus Parking

    1.25 miles

  • VIP Lot D

    1.27 miles

  • Lot A

    1.29 miles

  • Lot B

    1.31 miles

  • Ride Share Lot

    1.39 miles

  • Amber Inn Motel

    0.50 miles

  • Sophy Hotel

    1.83 miles

  • Chicago Lake Shore Hotel

    1.83 miles

  • Hyatt Place Chicago-South/University Medical Center

    1.90 miles

  • Wyndham Chicago McCormick Hotel

    2.01 miles

  • The Polo Inn

    2.08 miles

  • Benedictine Bed and Breakfast

    2.33 miles

  • SpringHill Suites Chicago Chinatown

    2.37 miles

  • Hyatt Regency McCormick Place

    2.40 miles

  • Hilton Garden Inn, Hampton Inn, & Home2 Suites

    2.46 miles

  • Mariano's Fresh Market

    0.51 miles

  • Adom African Market

    0.58 miles

  • One Stop Foods

    0.99 miles

  • Jewel-Osco

    1.09 miles

  • Ross

    1.24 miles

  • Valley of Jordan

    1.51 miles

  • Fairplay Foods

    1.60 miles

  • Target

    1.73 miles

  • Marshalls

    1.83 miles

  • Whole Foods Market

    1.84 miles

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