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Listed by Michael Applegateof Straight-A Realty, LLC
$ 99,900
Est. payment | /mo
3,484 Sqft Lot
$ 99,900
Est. payment | /mo
3,484 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12306394
Annual Tax Amount $2,603
Tax Year 2023
Lot Size 3,484 Sqft
Lot Dimensions 25X128
Property Sub-Type Land
Property Description
Seize this exceptional investment opportunity in the rapidly growing Douglas neighborhood, just minutes from the South Loop! This prime 25' x 128' lot (approx. 3,200 SF) at 3821 S State St boasts C1-3 zoning, allowing for a versatile mixed-use development with ground-floor commercial space and residential units above. Positioned on high-visibility State Street, directly across from a scenic park and near prestigious universities, the White Sox stadium, and the highly anticipated Pete's Fresh Market, this location is primed for growth. Recent sales in the area underscore strong demand, with residential comparables reaching $699K and condos selling for $409K within a 1-mile radius. The C1-3 zoning permits a wide range of business types, including restaurants, retail, banks, liquor stores, and auto shops, making this an ideal site for developers looking to capitalize on Douglas' upward trajectory. With its strategic location, high foot traffic, and strong market potential, this property offers a lucrative opportunity to be part of a vibrant and evolving community. Don't miss your chance!
Location
State IL
County Cook
Zoning COMMR
Interior
Fireplace N
Exterior
Utilities Available Electric to Site, Natural Gas Available, Sewer Connected, Water Available
View Y/N true
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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2600 S. Michigan Avenue, Suite 102, Chicago, IL, 60616, United States