4333 South State Street
$175,000
4,186 / 0.10
Description
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...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.
- Listed by Michael Applegate • Straight-A Realty, LLC
- Listed by Brittany Jones • Straight-A Realty, LLC
Property Details for 4333 South State Street
Area
CHI - Grand Boulevard
TownshipHyde Park
OwnershipFee Simple
Num Of Parking Spaces0.0
ZoningCOMMR
LISTING UPDATED: 10/07/2024 12:47 PM
Property Details for 4333 South State Street
Status | Active |
---|---|
MLS # | 12091017 |
Days on Market | 236 |
Taxes | $794 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land |
Year Built | - |
Lot Size | 0.10 AC |
County | Cook County |
Building Information for 4333 South State Street
Lot Size0.10 AC
Property Information for 4333 South State Street
Property History for 4333 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 4333 South State Street
Taxable ValueLand$3,767Additions$169Total$3,936
Tax Record2022$812 ($68 / month)
Home Facts
Beds0Lot Size4,186 SqFtStyleMiscellaneous Vacant LandCountyCOOKAPN20-03-300-012
Schools near 4333 South State Street
This home is within Chicago Public Schools.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Public - | 11 to 12 | |||
Public - | K to 6 |
Rating | School | Distance |
---|---|---|
Beethoven Elementary School PublicPK to 8 | ||
Phillips Academy High School Public9 to 12 | ||
Community Services West High School Public11 to 12 | ||
Bronzeville Classical Elementary School PublicK to 6 |
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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