$175,000
Active
46 Days Online
0 Beds0 Baths0 SQFT
Active

4333 S State Street Chicago, IL 60609

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Seize a premier investment opportunity in the heart of Chicago's historic and dynamic Bronzeville neighborhood. This expansive 4, 186 sq. ft. lot, enveloped by a surge of new construction, offers prime zoning for a commercial unit with the potential to develop either three or four residential units above. While the commercial space presents a sophisticated exit strategy, the potential returns are undeniably substantial. Within a mile radius, new construction 3-unit properties are commanding prices over $1M, with condos reaching up to $500k. Investors can capitalize on developing a 3-unit or 4-unit building, featuring ground-level commercial space and upscale residential units above, projecting an impressive after-repair value of approximately $1M. Bronzeville, celebrated for its rich cultural heritage and vibrant community, is undergoing significant revitalization, making this lot a prime target for discerning investors. This is a rare chance to secure a high-value asset in one of Chicago's most promising and rapidly growing neighborhoods. Don't miss out on transforming this prime parcel into a lucrative development.

  • Property TypeLand
  • NeighborhoodN/A
  • CountyCook
  • Taxes$793
  • HOA/Condo/Coop Fees$0
  • Days on Site45 Days
  • MLS StatusActive
  • MLS ID Number12091017
  • Home Size Source N/A
  • Year BuiltN/A
  • Lot Size Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Parking Spaces 0
  • Zoning COMMR
  • General Information None
  • Lot Size .25-.49 Acre
  • Parking Total 0

Interior Features

  • Utilities Electric to SiteGas to SiteWater-Municipal

Exterior Features

  • Waterfront Property No

Community Features

  • Township Hyde Park
  • MLS Area CHI - Grand Boulevard

Schools

School District
299
Elementary School
Unknown
Middle School
Unknown
High School
Unknown

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Monthly Payment (Est.)

$850
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