Active
3739 S State Street
Chicago IL, 60609
$1,000,000
$55.99 per sqft
Active
0.41 Acres
Land
Courtesy of Straight-A Realty, LLC
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.
12091037
MLSⓇ ID
June 22, 2024
Listed
January 18, 2025
Updated
Map
3739 S State Street
Chicago IL, 60609
Exterior/Building Features
Lot Size
0.41 Acres
School Information
School District
299
Other Property Details
Area Name
CHI - Douglas
Taxes
$12,992
Tax Frequency
Annually
Days on Market
212
Garage
No
Parking Total
0
View
No
County
Cook
Municipality
Hyde Park
Pool
No
Zoning
COMMR
Courtesy of Straight-A Realty, LLC, Michael Applegate,
Listing Contact: 708-743-0043
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Data last updated 9:38 PM UTC, 1/18/2025
