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$ 399,000

Est. payment -/mo

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Price Dropped by $300K

6337 S Martin Luther King DR Chicago, IL 60637

UPDATED:

10/06/2024 05:07 AM

Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 11922879

Annual Tax Amount $49,791

Tax Year 2022

Lot Dimensions 124 X 224

Property Description

This site is located in a Federal Opportunity Zone, it is in a Federal Enterprise Zone and a City of Chicago TIF District. If developed there are anticipated tax credits as a Transit Oriented Development site. It is currently zoned B3-3. It is 1/4 block from the 63rd & King Drive "EL" stop. There are several options for this location 1) Reuse this +/- 2,376 SF former fast food building with Drive-thru and +/- 40 car parking OR 2) this can be a 27,776 SF (124 x 224) Development site. The property has multiple tax benefits! The property is vacant and has emptied of all restaurant equipment. This will be an "AS IS" sale.

Location

State IL

County Cook

Area Chi - Woodlawn

Zoning COMMR

Interior

Fireplace N

Exterior

Utilities Available Electric to Site, Gas to Site, Water to Site

Waterfront false

Building

Dwelling Type Land

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Bruce Heller • Coldwell Banker Realty

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