$1,000,000
Active
50 Days Online
0 Beds0 Baths0 SQFT
Active

3739 S State Street Chicago, IL 60609

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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

Schools

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

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Monthly Payment (Est.)

$4,858
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