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Executive Summary

Sheriff Sale - March 19, 2026
Subject property is a single-family property on a 3,300 square foot lot on historic Dr. Martin Luther King Drive in the Bronzeville neighborhood. This corner lot greystone offers the possibility of an approximately 8,840 square foot, three-story home including basement. This unique property offers a great opportunity to completely rehab as the zoning would allow for redevelopment to a 3 to 6-unit condominium development or keep as a single family property. 10 minutes to downtown Chicago, this property has easy access to public and vehicular transportation.

Property Facts

Price $343,100 CAD
Price Per Unit $85,775 CAD
Sale Type Investment
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 0.08 AC
Building Size 5,553 SF
No. Stories 3
Year Built 1929
Parking Ratio 0.36/1,000 SF
Cross Streets 41st St
Opportunity Zone Yes
Zoning R

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 4 - -
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Number
20-03-111-030-0000
Land Assessment
$15,673 CAD
Improvements Assessment
$79,317 CAD
Total Assessment
$94,990 CAD
  • Listing ID: 39308271

  • Date on Market: 2026-02-03

  • Last Updated:

  • Address: 4058 S Dr Martin L King Jr Dr, Chicago, IL 60653

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