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 | 152 |
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 |
---|
Date | Event & Source | Price |
---|
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.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.