Bruce Heller
Coldwell Banker Realty
312-266-7000
This site is located in a Federal Opportunity Zone, it is in a Federal Enterprise Zone and a City of Chicago TIF District. If developed there are anticipated tax credits as a Transit Oriented Development site. It is currently zoned B3-3. It is 1/4 block from the 63rd & King Drive "EL" stop. There are several options for this location 1) Reuse this +/- 2,376 SF former fast food building with Drive-thru and +/- 40 car parking OR 2) this can be a 27,776 SF (124 x 224) Development site. The property has multiple tax benefits! The property is vacant and has emptied of all restaurant equipment. This will be an "AS IS" sale.
Lot Dimensions: 124 X 224
Lot Size: .50-.99 Acre
Property Type: Land
Sub Type: Land
Original List Price: $699000
Annual Tax: $49791.61
Tax Year: 2022
Parcel Number: 20222000120000
Tax Exemption: None
Electric to Site, Gas to Site, Water to Site
City: Chicago
Direction: Take Martin Luther King Dr. directly to the property. It is 1/4 block south of 63rd Street.
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
6558 S Champlain Avenue, Chicago, IL,60637 | $28,500 | -- | -- | -- | -- |
507 E 63rd Street, Chicago, IL,60637 | $550,000 | -- | -- | -- | 0.49 Acre |
6639-6643 S Vernon Avenue, Chicago, IL,60637 | $9,000 | -- | -- | -- | 0.07 Acre |
6601 S Minerva Avenue, Chicago, IL,60637 | $320,000 | -- | -- | -- | 0.17 Acre |
1510 E 67th Street, Chicago, IL,60637 | $499,000 | -- | -- | -- | 0.28 Acre |
5827 S Prairie Avenue, Chicago, IL,60637 | $47,500 | -- | -- | -- | 0.09 Acre |
6121 S King Drive, Chicago, IL,60637 | $110,000 | -- | -- | -- | -- |
6152 S Saint Lawrence A.., Chicago, IL,60637 | $89,000 | -- | -- | -- | -- |
6856 S South Chicago Av.., Chicago, IL,60637 | $152,000 | -- | -- | -- | 0.34 Acre |
6876 S South Chicago Av.., Chicago, IL,60637 | $332,500 | -- | -- | -- | 0.7 Acre |
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Based on information submitted to the MLS GRID as of 06/02/2024 @ 06:20. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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ByOwner last updated this listing 06/02/2024 @ 06:20
MLS: MRED #11922879
LISTED BY: Bruce Heller, Coldwell Banker Realty
SOURCE: Midwest Real Estate Data LLC (MRED)
Buyer Agency Compensation: 2.5% - $ 475
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.