4333 S State Street
Chicago, IL 60609
- – beds
- – baths
- – sqft
- 4,186 sqft lot
- – on site
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.
Last checked:
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Last updated Oct 25, 2024
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MLS# 12091017 —
Location
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Directions:43rd Street south to address
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Location:27867
The Property
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Parcel Number:20033000120000
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Property Type:Land
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Location:N
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Lot Size Dimensions:26X161
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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:26
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Waterfront:false
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Road Surface Type:Asphalt
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:793.88
The Listing
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Special Listing Conditions:None
Utilities
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Utilities:Electric to Site, Gas to Site, Water-Municipal
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 | $175,000 | |
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2/26/24
Feb 26, 2024
|
Price Changed | MRED | ||
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4/7/23
Apr 7, 2023
|
Listed / Active | MRED |
