3739 S State St., Chicago, IL 60609

3739 S State St., Chicago, IL 60609
Photo 1 of 4
$1,000,000
Beds Baths Sq. Ft. Taxes Built
0.00 0 $12,992
On the market: 215 days

Est. Monthly Payment:

$6,801($5,718 + $1,083 taxes*)

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APPROVED
View full details, 15 photos, school info, and price history
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.
Listing courtesy of Michael Applegate, Straight-A Realty, LLC