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Chicago 60653 Bronzeville
3626 S King Drive
$629,000
● House - Off Market

3626 S King Drive

CHICAGO, IL 60653
bedrooms
5 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
5,500 Ft²
$880,707
RealtyHop Estimate
40.02%
Since Sep 1, 2017
IL-Chicago
Primary Model

About This Property

STUNNING OVER 5000SF NEWLY REHABBED GREYSTONE IN HISTORIC BRONZEVILLE AREA LOCATED ON MARTIN LUTHER KING BLVD, 5 BEDROOM 4,5 BATHS. ALL NEW MECHANICAL SYSTEMS, DUAL ZONE, UPGRADED INSULATION, HARDWOOD FLOORS THROUGH OUT, ELEGANT BATHS,HIGH CEILINGS,OVERSIZE LOT AND  2 CAR GARAGE, FINISHED BASEMENT,PARTIAL ROOF TOP DECK, DECK OF THE KITCHEN, LOTS OF STORAGE.
Unit Size
5,500 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$114
Property Type
House
Property Taxes
$495
HOA Dues
-
Year Built
1890

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MRED MLS #09689168)

Price History

Date / Event Date Event Price
Aug 25, 2017 Sold
Premium
Sold
Jul 13, 2017 Listed by Jameson Sotheby's Int'l Realty $629,000
Listed by Jameson Sotheby's Int'l Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 28
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 8
  • Floor Count: 300
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,470
  • Total Building Area: 4,542
  • Gross Building Area: 4,542
  • Building Area: 4,542
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 4,542
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MOODYS
  • Land Acres: 0000000103
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-06

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 839600

Zoning

  • Zoning: RM-5

Geography

  • Assessors Map Reference: 004-118-05
  • District: 76
  • Parcel: 17-34-312-071-0000
  • Block: 1
  • Lot: 13
  • Meridian: SEC 34 TWN 39N RNG 14E
  • Municipality: SOUTH CHICAGO
  • Latitude: 41.8285
  • Longitude: -87.618

    Address

  • Full Address: 3626 S King Dr
  • Address - House Number: 3626
  • Street Direction: S
  • Address - Street Name: King
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Chicago
  • Carrier Code: C001
  • 4-Digit Zip Code: 1112
  • Zip Code: 60653

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $997,246
  • Tax Rate Code Area: 76079

    Appraisal Valuation

  • Standard Deviation: 0.2212
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 69
  • Final Value: 816,254
  • High Value: 996,881
  • Low Value: 635,626

    Market Valuation

  • Market Total Value: $517,540
  • Market Land Value: $156,450
  • Market Improvement Value: $361,090

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $51,754
  • Assessed Land Value: $15,645
  • Assessed Improvements Value: $36,109

    Sales

  • Current Sale Contract Date: Aug 25, 2017
  • Current Sale Recording Date: Sep 13, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1725646344
  • Previous Sale Recording Date: Jun 18, 2015
  • Previous Sale Contract Date: Jun 01, 2015
  • Previous Sale Amount: $190,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: FIX
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About South Side

Stats & Trends

Median Asking:

$285,000

Sale Price/ft²

$156

Below Asking

0.02%

Average Days on Market

51

Average Home Size

1134 ft²

Average Home Age

92.5 years

Currently For Sale

718 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 1901 S Calumet Avenue, Chicago, IL, 60616

$4,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,650 ft²
1901 S Calumet Avenue #2407, Chicago, IL, 60616 Listing by Izetta Carroll

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: , Jameson Sotheby's Int'l Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 09689168
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 3626 South King Drive built and last sold?
The property at 3626 South King Drive was built in 1890 and last sold on Aug 25, 2017 for $629,000.
How much is this home worth?
The estimated value of the home located at 3626 South King Drive is $0.
What are some comparable homes to 3626 South King Drive?
There are currently no comparable homes to 3626 South King Drive.
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