3739 S State Street
Chicago, IL 60609
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- – on site
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.
Last checked:
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Last updated Oct 25, 2024
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MLS# 12091037 —
Location
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Directions:State Street to 3739 South
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Location:27867
The Property
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Parcel Number:17343200010000
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Property Type:Land
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Location:N
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Lot Size Dimensions:134X133
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Lot Size Acres:0.41
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Current Use:Other
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Possible Use:Commercial, Condominium, Development, Recreational, Multi-Family, Retail
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Zoning:COMMR
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Building On Land:No
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Frontage Type:City Street
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Frontage Length:134
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Waterfront:false
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Additional Parcels:false
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Road Surface Type:Concrete, Gravel
Listing Agent
- Contact info:
- Agent phone:
- (708) 743-0043
- Office phone:
- (630) 288-2446
Taxes
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Tax Year:2022
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Tax Annual Amount:12992.16
The Listing
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Special Listing Conditions:None
Utilities
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Utilities:Electric to Site, Gas to Site, Sanitary Sewer, Water to Site
Schools
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Elementary School District:299
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Middle Or Junior School District:299
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High School District:299
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/21/24
Jun 21, 2024
|
Listed / Active | MRED | $1,000,000 | |
|
4/7/23
Apr 7, 2023
|
Listed / Active | MRED |
