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$ 900,000

Est. payment -/mo

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4317 S State ST Chicago, IL 60609

UPDATED:

10/07/2024 05:51 PM

Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12091051

Annual Tax Amount $7,597

Tax Year 2022

Lot Dimensions 130X161

Property Description

Embark on a transformative investment journey with this extraordinary 20,930 square foot vacant lot, showcasing coveted C1-2 zoning and an impressive 130ft of frontage on State Street in the vibrant Bronzeville neighborhood of Chicago. Surrounded by a dynamic landscape brimming with hundreds of new residential developments, and with more slated for the immediate area, this prime location epitomizes unparalleled potential. Its strategic proximity to Interstate 90/94, a major thoroughfare spanning the city from north to south, further elevates its allure. The sheer size of this lot heralds immense opportunities, affording investors the flexibility to craft up to four commercial mixed-use buildings or two 8-unit structures, promising a staggering valuation upside ranging from $3.35M to $4.6M. Don't miss the chance to capitalize on the robust growth and prospects of this burgeoning neighborhood, making it an irresistibly enticing proposition for astute developers and investors alike.

Location

State IL

County Cook

Area Chi - Grand Boulevard

Zoning COMMR

Interior

Fireplace N

Exterior

Utilities Available Electric to Site, Gas to Site, Sanitary Sewer, 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 Michael Applegate • Straight-A Realty, LLC

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