4 E 45th St 0.29 Acres of Commercial Land Offered at $450,000 in Chicago, IL 60653
INVESTMENT HIGHLIGHTS
- 4 E 45th Street: Asking $450,000 for 12,615 sf site zoned C1-2
- Full 3.13 Acre Site: Asking $4,600,000
- 4400 W Wabash Ave: Asking $590,000 for 16,553 sf site zoned RT-4
EXECUTIVE SUMMARY
Part or Entire Site For Sale. See the next page for pricing. CRER is excited to present developers with the opportunity to unlock the potential of this rare 3.13-acre development site and contribute to the ongoing growth and revitalization of the Bronzeville neighborhood in Chicago. This prime location is within walking distance of both the Red and Green line CTA trains, the beach, and offers easy access to Lake Shore Drive and I-90. Additionally, the site is near major attractions such as the Illinois Institute of Technology, guaranteed Rate Field, and Lake Michigan. Bronzeville is experiencing a development boom, highlighted by the $3.8 billion Bronzeville Lakefront mixed-use development at the former Michael Reese Hospital site. The demand for housing in the area is flourishing, driven by its excellent transportation links, proximity to the lakefront, and easy access to the Loop.
PROPERTY FACTS
| Price | $450,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.29 AC |
1 LOT AVAILABLE
Lot
| Price | $450,000 |
| Price Per AC | $1,553,862.04 |
| Lot Size | 0.29 AC |
1 of 1
Transit Score®
Excellent Transit (75)
PROPERTY TAXES
| Parcel Number | 20-03-306-051-0000 | Improvements Assessment | $0 |
| Land Assessment | $18,924 | Total Assessment | $18,924 |
ZONING
| Zoning Code | C1-2 (Neighborhood Commercial District) |
