4333 S State Street Chicago, IL 60609
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
Sell your house quickly!
Get multiple potential cash offers for your home. Fast and hassle-free!
Learn MoreRecent Activity For 4333 S State Street Chicago, IL 60609
18 hours ago | |
2 months ago |
Don't miss a thing!
Get updates on new activity for this listing
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