6244 South King Drive

Investment Overview

33 Realty is pleased to present for sale 140 units at 6244 South King Drive in the heart of West Woodlawn. The property building is a 4-story mid-rise apartment building, situated on .18 acres in the scenic West Woodlawn area at the intersection of E 63rd and S MLK Dr directly below the King Drive CTA green line stop making for easy access into downtown. The property features a unit mix containing 134 units consisting of:  Six Studio Small Eff./ 1 bd units ~ 200 SF  Six Studio Eff./ 1 bd units ~ 320 SF  Seven Studio TF/ 1bd units ~ 320 SF  Ninety-Five Studio / 1 bd units ~ 350 SF  Thirteen Studio Lg/ 1 bd units ~ 430 SF  Five Studio sm/ 1 bd units ~ 350 SF  Eight 2 Bd / 1 bd units ~ 1,000 SF  One Retail unit ~ 7,500 SF 6244 South King Drive presents a terrific opportunity to acquire a high performing asset in a great area allowing for convenient access to downtown in a tucked away location in West Woodlawn. This property stands out due to its unique combination of strong cash flow and ability to raise rents as-is. don't miss out on this great opportunity.

Investment Highlights

• Up-and-coming area with major investments, including the Obama Presidential Center and Woodlawn Central development
• 9.28% Cap Rate
• 147 Total Units
• Walking distance to the King Drive CTA Green Line Stop
• Potential to convert office space into additional units
• Walking distance to Washington Park
• Close to I-90/94
• Coin laundry on-site
• Boiler building
• Across the street from Dulles Elementary School