Map of Property

3428 S King Dr

3428 S King Dr, Chicago, IL 60616

  • For Sale $2,950,000
  • Property Type Multi-Family
  • Property Size 11,655 SF
  • Units 6
  • Lot Size 0.14 Acre
  • Year Built 1890
  • Date Updated Apr 25, 2024
BronzevilleKiser Group is pleased to exclusively present for purchase 3428 S. King Drive, 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/2BA & 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% and cash returns approaching 9%. The retail units have master leases signed that extend through 2027. Through optimizing expenses and raising rents to levels already achieved throughout the building, a new investor can realize a cap rate approaching 9% and cash returns approaching 12%.

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Contacts

broker

Jack Petrando

Kiser Group

(773) 293-5086

Location

Getting Around

  • Walk Score ®

    88/100 Very Walkable

  • Transit Score ®

    70/100 Excellent Transit

  • Bike Score ®

    78/100 Very Bikeable
Powered by Walk Score ®
  • City Chicago, IL
  • Neighborhood The Gap
  • Zip Code 60616
  • Market Chicago

Points of Interest

  • 35th-Bronzeville-IIT

    0.43 miles

  • State & 37th Street

    0.56 miles

  • Sox-35th

    0.68 miles

  • Indiana

    0.73 miles

  • 43rd

    1.06 miles

  • McCormick Place

    1.35 miles

  • Cermak-McCormick Place

    1.47 miles

  • 47th

    1.57 miles

  • 47th

    1.65 miles

  • Cermak-Chinatown

    1.66 miles

  • BP

    0.05 miles

  • BP

    0.51 miles

  • BP

    0.59 miles

  • Shell

    0.87 miles

  • Mobil

    0.98 miles

  • Citgo

    1.19 miles

  • BP

    1.19 miles

  • BP

    1.28 miles

  • Citgo

    1.31 miles

  • VP Fuels

    1.39 miles

  • McCormick Place Truck Marshing Yard

    0.69 miles

  • Lot A

    0.75 miles

  • Ride Share Lot

    0.76 miles

  • Lot B

    0.84 miles

  • Tailgate Lot

    0.90 miles

  • McCormick Place Parking Lot B Overflow

    0.91 miles

  • Lot C

    0.93 miles

  • VIP Lot E

    0.94 miles

  • VIP Lot D

    0.95 miles

  • Lot F

    0.99 miles

  • Amber Inn Motel

    0.66 miles

  • Chicago South Loop Hotel

    1.05 miles

  • Hyatt Regency McCormick Place

    1.37 miles

  • SpringHill Suites by Marriott Chicago Chinatown

    1.42 miles

  • Hilton Garden Inn, Hampton Inn, & Home2 Suites

    1.45 miles

  • Marriott Marquis

    1.49 miles

  • Wheeler Mansion

    1.59 miles

  • Jaslin Hotel

    1.66 miles

  • Hotel BnB

    2.32 miles

  • Chicago Lake Shore Hotel

    2.44 miles

  • Popeyes

    0.06 miles

  • White Castle

    0.07 miles

  • KFC

    0.09 miles

  • Taco Bell

    0.09 miles

  • Culver's

    0.11 miles

  • Dunkin'

    0.14 miles

  • Wingstop

    0.15 miles

  • McDonald's

    0.19 miles

  • Subway

    0.24 miles

  • Harold's Chicken Shack #88

    0.24 miles

  • Chicago Military Academy

    0.13 miles

  • Chicago High School for the Arts

    0.21 miles

  • Pershing Elementary School

    0.26 miles

  • James R. Doolittle, Jr. Elementary School

    0.28 miles

  • Illinois College of Optometry

    0.34 miles

  • De La Salle Institute

    0.35 miles

  • Ida B. Wells Elementary School

    0.36 miles

  • Olivet Baptist Church Day Care Center

    0.41 miles

  • Perspectives/IIT Math & Science Academy

    0.45 miles

  • Wendell Phillips Academy High School

    0.53 miles

  • The Goddard School

    1.63 miles

  • UChicago Child Development Center - Drexel

    2.81 miles

  • Taylor Tots

    3.45 miles

  • New Zion Childcare Academy

    3.74 miles

  • Bright Horizons

    3.78 miles

  • Adams Street Child Care Center

    4.41 miles

  • Brighton Park Early Learning Center

    4.44 miles

  • DJ Brooks Child Development Center

    4.65 miles

  • Cornerstone Children's Learning Center

    4.95 miles

  • Ada S. McKinley, Ersula Howard Child Care Center

    5.46 miles

Frequently Asked Questions

What is the lease rate for 3428 S King Dr?

Rental asking rate at 3428 S King Dr is $1,475,000.00/YR.

What is the total square footage of 3428 S King Dr?

3428 S King Dr totals 11,655 square feet.

When was this property built?

3428 S King Dr was built in 1890.

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Contact Listing Broker

broker

Jack Petrando

Kiser Group

(773) 293-5086