3739 S State Street Chicago, IL 60609
Unlock an unparalleled investment opportunity in the heart of Chicago's vibrant Douglas neighborhood, a gem nestled within the esteemed South Loop district. This expansive 18, 000 square foot lot boasts an impressive 134ft of frontage on State Street and coveted C1-3 zoning, setting the stage for visionary development endeavors. Strategically situated across from a picturesque park adorned with baseball diamonds and offering sweeping views of the White Sox stadium, this prime parcel presents a blank canvas for astute investors seeking substantial returns. With the potential to erect up to four commercial mixed-use buildings, the prospects for valuation growth are simply extraordinary, projecting a potential increase in value to approximately $4.8 million post-development, mirroring the success of the highest sold multi-unit comparable at 3655 S. Indiana. The allure of this location is further accentuated by its strategic proximity to Interstate 90/94, the imminent arrival of Pete's Fresh Market, and the burgeoning wave of new construction residential units slated for the immediate vicinity. This prime land represents a rare convergence of strategic positioning, untapped potential, and robust investment prospects, making it an unmissable gem in Chicago's dynamic real estate landscape.
- Property TypeLand
- NeighborhoodN/A
- CountyCook
- Taxes$12,992
- HOA/Condo/Coop Fees$0
- Days on Site50 Days
- MLS StatusActive
- MLS ID Number12091037
- Home Size Source N/A
- Year BuiltN/A
- Lot Size0.41 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Spaces 0
- Acreage 0.41
- Zoning COMMR
- General Information Commuter BusCommuter Train
- Lot Size .25-.49 Acre
- Parking Total 0
Interior Features
- Utilities Electric to SiteGas to SiteSanitary SewerWater to Site
Exterior Features
- Waterfront Property No
Community Features
- Township Hyde Park
- MLS Area CHI - Douglas