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$1,225,000
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Property Description
Attention Chicago investors! This building OOZES with Chicago charm! Three Huge 4-bedroom and 3-bedroom units offer 2030 SQ FT and 1920 SQ FT (respectively) of living space, plus two garden units (one 2-bed/1 bath & one 1 bed/1 bath unit). Total of 8 units in the building. Two vacant units, the rest of the building is occupied. Great opportunity to house hack! The Historic Bronzeville district is actively attracting a mix of live-in owners and real estate investors due to its rich cultural history, unique housing stock, and rapid economic revitalization. It has consistently been flagged as one of Chicago's most notable high-growth, appreciating neighborhoods. A short distance to Marianos, restaurants, public transportation, close to the expressway, and downtown Chicago. 4 garage parking spots (only 1 currently rented). Recent improvements include: updated fence (2026), NEW exterior staircase (2026), unit 3N fully renovated (floors, baths & kitchen), roof end of 2020, tuck pointing summer of 2020, new Chimney 2020, some windows replaced 2020-2022, updated plumbing in kitchen in north tear units (city inspected and passed), couple units have updated living rooms with updated electrical (city inspected and passed) and windows. Possible extra income by adding washer and dryer. Please note, one tenant currently occupies two of the units (1N & GN). The kitchen has been removed from GN as that unit primarily serves as storage however it can easily be put back.
Full Property Details
Full Property Details for 4530 S King Dr
General
- Price: $1,225,000
- Taxes: $12,504 (2025)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12745630
Interior
- Basement: Partially
- Fireplace: Yes
- Number of Fireplaces: 6
Location
- Area: CHI - Grand Boulevard
- County: Cook
- Township: Hyde Park
- Driving Directions: north/south on King Dr. to property.
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Radiators
Utilities
- Sewer: Storm Sewer
- Water: Municipal Water
- Trash: 2946
- Onsite: Sewer Connected
Structural Information
- Construction: Brick, Stone
- Exterior Const.: Brick, Stone
- Basement: Yes
- Basement Desc.: Partially Finished
- Roof: Reflective Coating
- Stories/Levels: 3
- Square Feet: 15,800
- Current Bldg. Use: Multi-Family
- Year Built: 1884
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 7
- Units w/Range/Oven: 7
Lot Features
- Lot Size (Acres): 0.19
- Lot Size (Sq. Ft.): 8,100
- Lot Dimensions: 54 x 150
- Frontage: City Street, Public Road
- Potential Use: Multi-Family
- Zoning: MULTI
Financial Considerations
- Insurance Fee: $8,848
- Operating Expenses: $55,396
- Assessment Year: 1884
- Tax Amount: $12,504.56
- Tax Year: 2025
- Tenant Pays: Electricity, Other
- Pays Electric: 934
- Pays Trash: 2946
- Pays Sewer: Storm Sewer
Disclosures and Reports
- Property ID: 20033170230000
Listed by Baird & Warner
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Schools
Schools serving 4530 S King Dr
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Mollison Elementary School 4415 S Dr Martin L King Jr Dr, Chicago, IL 60653 | PK-8 | 0.2 mi |
Phillips Academy High School 244 East Pershing Road, Chicago, IL 60653 | 12-11 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Tax History
Tax History for 4530 S King Dr
Year
Property Taxes
Change
Tax Assessment
Change
2024
$12,099
32%
$60,000
39%
2023
$9,165
3%
$43,296
—
2022
$8,933
2%
$43,296
—
2021
$8,732
-17%
$43,296
-8%
2020
$10,514
11%
$47,199
—
2019
$9,483
2%
$47,199
—
2018
$9,323
-28%
$47,199
-22%
2017
$13,037
11%
$60,562
—
2016
$11,773
9%
$60,562
—
2015
$10,754
-1%
$60,562
—
2014
$10,896
-1%
$60,562
—
2013
$11,015
1%
$60,562
—
2012
$10,868
—
$60,562
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4530 S King Dr
4530 S King Drive, Chicago, IL 60653 (MLS# 12745630) is a Commercial property. 4530 S King Drive is currently listed for $1,225,000 and was received on September 08, 2026. Want to learn more about 4530 S King Drive? Do you have questions about finding other Commercial real estate for sale in Grand Boulevard? You can browse all Grand Boulevard real estate or contact a Coldwell Banker agent to request more information.

