3739 S State Street, Chicago, IL 60609

  • $1,000,000
  • $1,000,000
3739 S State Street, Chicago, IL 60609
For Sale
3739 S State Street, Chicago, IL 60609
  • $1,000,000
  • $1,000,000

Overview

Property ID: 22315430
  • Land
  • Property Type

Description

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.

  • Address 3739 S State Street
  • City Chicago
  • State/county IL
  • Zip/Postal Code 60609
  • Country United States

Details

Updated on August 23, 2024 at 9:48 am
  • Property ID: 22315430
  • Price: $1,000,000
  • Land Area: 0.41 Acres
  • Property Type: Land
  • Property Status: For Sale
  • MLS#: MRD12091037
  • Office Name: STRAIGHT-A REALTY, LLC
  • Agent Name: Michael Applegate
  • MLS Status: Active

Additional details

  • List Office MLSID: MRD27867
  • List Agent MLSID: MRD247911
  • List Date: 2024-06-22T00:59:21.000Z
  • Tax Annual: 12992.16
  • Tax Year: 2021
  • County: Cook

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