4317 S State St Chicago, IL 60609
Grand Boulevard NeighborhoodEstimated payment $3,568/month
Highlights
- 0.48 Acre Lot
- Property is near park
- 3-minute walk to Metcalfe Park
About This Lot
Seize a rare opportunity to develop on Chicago's historic State Street with five contiguous lots, totaling an expansive 20,930 sq. ft. in the heart of Bronzeville. Boasting C1-2 zoning and 130 feet of prime frontage, this site is surrounded by hundreds of new residential developments, with even more on the way, making it a high-demand investment. State Street has long been a cornerstone of Chicago's commercial and cultural landscape, and this property offers a versatile canvas for a high-impact mixed-use development. With easy access to I-90/94, investors have the flexibility to build four mixed-use buildings or two 8-unit residential structures, with a projected valuation between $3.35M and $4.6M. The C1-2 zoning allows for a wide range of businesses, including retail, liquor stores, warehouses, and auto shops, while also permitting residential units above commercial spaces-a perfect fit for the neighborhood's evolving needs. Five adjacent lots of this size, in such a prime location, are a rarity-don't miss your chance to be part of Bronzeville's booming revitalization and State Street's ongoing legacy while maximizing your investment potential.
Property Details
Property Type
- Land
Est. Annual Taxes
- $5,273
Lot Details
- 0.48 Acre Lot
- Lot Dimensions are 130x161
- Property fronts an interstate
- Additional Parcels
- Property is zoned COMMR
Home Design
- Mixed Use
Additional Features
- Property is near park
- Electricity To Lot Line
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $797 | $6,279 | $6,279 | -- |
| 2024 | $797 | $6,279 | $6,279 | -- |
| 2023 | $777 | $3,767 | $3,767 | -- |
| 2022 | $777 | $3,767 | $3,767 | $0 |
| 2021 | $760 | $3,767 | $3,767 | $0 |
| 2020 | $839 | $3,767 | $3,767 | $0 |
| 2019 | $757 | $3,767 | $3,767 | $0 |
| 2018 | $744 | $3,767 | $3,767 | $0 |
| 2017 | $676 | $3,139 | $3,139 | $0 |
| 2016 | $629 | $3,139 | $3,139 | $0 |
| 2015 | $575 | $3,139 | $3,139 | $0 |
| 2014 | $582 | $3,139 | $3,139 | $0 |
| 2013 | $571 | $3,139 | $3,139 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/19/2025 06/19/25 | Price Changed | $599,000 | -7.7% | -- |
| 04/27/2025 04/27/25 | Price Changed | $649,000 | -18.8% | -- |
| 03/07/2025 03/07/25 | For Sale | $799,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12306405
APN: 20-03-300-006-0000
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