Erected in honor of the Eighth Regiment of the Illinois National Guard, the Victory Monument is a historic statue located along Martin Luther King Drive. It honors 137 African-American soldiers who lost their lives during World War I. In addition to their names inscribed on a bronze panel, the monument also includes four life-size bronze figures. One is on top depicting a soldier, while the other three are found in panels within the shaft and portray two women and another African-American soldier. The structure was added to the National Register of Historic Places in 1986 and was designated a Chicago landmark in 1998. It is the site of an annual Memorial Day Ceremony and is one of the most recognizable landmarks on King Drive.