4401 State st - 3.13 Acre Development Site in Bronzeville
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4401 State st - 3.13 Acre Development Site in Bronzeville
3.13 Acres of Residential Land Offered at $4,600,000 in Chicago, IL 60609
Executive Summary
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. Seize this unique opportunity to build in one of Chicago’s most promising and vibrant neighborhoods.
Property Facts
| Price | $4,600,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 3.13 AC |
| Price | $4,600,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 3.13 AC |
1 Lot Available
Lot
| Price | $4,600,000 | Lot Size | 3.13 AC |
| Price Per AC | $1,469,194 |
| Price | $4,600,000 |
| Price Per AC | $1,469,194 |
| Lot Size | 3.13 AC |
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Transit Score ®
Excellent Transit (75)
PROPERTY TAXES
| Parcel Number | 20-03-306-001-0000 | Improvements Assessment | $0 |
| Land Assessment | $12,414 | Total Assessment | $12,414 |
PROPERTY TAXES
Parcel Number
20-03-306-001-0000
Land Assessment
$12,414
Improvements Assessment
$0
Total Assessment
$12,414
zoning
| Zoning Code | C1-2 & RT-4 (Commercial) |
| C1-2 & RT-4 (Commercial) |
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4401 State st - 3.13 Acre Development Site in Bronzeville
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