RECEIVERSHIP AUCTION: 52-UNIT MULTI-FAMILY BUILDING IN WASHINGTON PARK

Investment Overview

6116 S. King Drive, located along South King Drive in Chicago's Washington Park neighborhood, features a vacant three (3) story brick multifamily apartment building totaling 52 residential units. Originally constructed in 1905 and renovated in 2021, the Property encompasses approximately 39,480 square feet on 0.73 acres and includes a mix of one-bedroom, two-bedroom, and three-bedroom units. The Property features a landscaped courtyard, on-site leasing office, and surface parking lot, providing residents with desirable amenities and convenient on-site management capabilities. Ideally positioned less than one (1) mile from the University of Chicago, UChicago Medicine, Interstate-90 (I-90), Interstate-94 (I-94), and the CTA Green and Red Line "L" stations, providing exceptional regional connectivity and access to one of Chicago's premier employment, education, and healthcare corridors. Supported by continued investment throughout Chicago's South Side and favorable long-term market fundamentals, 6116 S. King Drive presents investors with the opportunity to acquire a recently renovated and well located multifamily asset, positioned for lease-up and long-term value creation.

Investment Highlights

• 52-unit, vacant multifamily apartment building located in Chicago's Washington Park neighborhood on the South Side
• Recently renovated in 2021, offering investors a well-maintained asset with modernized interiors and building systems
• Diverse unit mix consisting of one-bedroom, two-bedroom, and three-bedroom apartments, appealing to a broad tenant base