3739 South State Street
$1,000,000
17,859 / 0.41
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...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.
- Listed by Michael Applegate • Straight-A Realty, LLC
- Listed by Brittany Jones • Straight-A Realty, LLC
Property Details for 3739 South State Street
Area
CHI - Douglas
TownshipHyde Park
OwnershipFee Simple
Num Of Parking Spaces0.0
ZoningCOMMR
LISTING UPDATED: 10/07/2024 12:49 PM
Property Details for 3739 South State Street
Status | Active |
---|---|
MLS # | 12091037 |
Days on Market | 231 |
Taxes | $12,992 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land |
Year Built | - |
Lot Size | 0.41 AC |
County | Cook County |
Building Information for 3739 South State Street
Lot Size0.41 AC
Property Information for 3739 South State Street
Property History for 3739 South State Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 3739 South State Street
Taxable ValueLand$64,416Additions-Total$64,416
Tax Record2022$13,291 ($1,108 / month)
Home Facts
Beds0Lot Size16,104 SqFtStyleMiscellaneous Vacant LandCountyCOOKAPN17-34-320-001
Schools near 3739 South State Street
This home is within Chicago Public Schools.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Charter - | 6 to 12 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Wells Preparatory Elementary Academy PublicPK to 8 | ||
Phillips Academy High School Public9 to 12 | ||
Perspectives Chtr - IIT Campus Charter6 to 12 | ||
Youth Connections Charter High School Charter9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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