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.
Property Details
Property Features
Listing Office:
Office Name: Straight-A Realty, LLC
Office Phone: (630) 288-2446
Listing Agent: Michael Applegate
Lot Features
Lot Information:
Lot Size: 0.41 Acres
Other
Directions Information:
Directions: State Street to 3739 South
Price Information
Listing Price Info
Price Summary:
List Price: $1,000,000
Tax Information:
Annual Amount: $12,942
Tax Year: 2019
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Housing Market Comparison
See how this home compares to others in Chicago, IL.
This property is $636K more than the Median Sold Price in Chicago, IL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MRED
MLS Number: #12091037
Listing Office:
Office Name: Straight-A Realty, LLC
Office Phone: (630) 288-2446
Listing Agent: Michael Applegate
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
10
/10
Bronzeville Classical Elementary School
8 W Root St
Distance between this listing and this school0.47 miles
Public District Grades KG-4
5
/10
Univ of Chicago Charter-Donoghue
707 E 37th St
Distance between this listing and this school0.95 miles
Public Charter Grades PK-5
5
/10
Robinson Elementary School
4225 S Lake Park Ave
Distance between this listing and this school1.58 miles
Public District Grades PK-3
Nearby Schools
5
/10
I. Wells Preparatory Elementary Academy
249 E 37th St
Distance between this listing and this school0.35 miles
Public District Grades KG-8
4
/10
Pershing Elementary Magnet School
3200 S Calumet Ave
Distance between this listing and this school0.77 miles
Public Magnet Grades PK-8
7
/10
McClellan Elementary School
3527 S Wallace St
Distance between this listing and this school0.78 miles
Public District Grades PK-8
Nearby Schools
3
/10
Perspectives Charter - Iit Campus
3663 S Wabash Ave
Distance between this listing and this school0.14 miles
Public Charter Grades 6-12
2
/10
Air Force Academy High School
3630 S Wells St
Distance between this listing and this school0.34 miles
Public District Grades 9-12
1
/10
Phillips Academy High School
244 E Pershing Rd
Distance between this listing and this school0.38 miles
The most common annual income of people living in Chicago, IL is $200k+. The majority of families are single, no kids. The most common level of education of people living in this area is no high school.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 3739 S State St
What is the listing price of this property?
The listing price of 3739 S State St property is $1,000,000.
What type of property is this?
The property 3739 S State St is land located in Chicago, Illinois, 60609.
Is this property for sale now?
Active Listing: 3739 S State St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2019 is $12,942 (source: MLS/based on county public records data).
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This home is located at 3739 S State St in Chicago, IL and zip code 60609 in the South Side neighborhood. This home sits on a 0.41 acre lot. It has been listed on Rocket Homes since June 22, 2024 and is currently priced at $1,000,000.
While more than 521 listings in Chicago, IL in November 2024 were sold above asking price, there were more than 254 listings sold at asking price, and more than 845 were sold below. Between October 2024 and November 2024, Chicago, IL real estate market has seen increase in the number of listings by 2.1%. In November 2024 median list price was $363,936 and the average listing age was 33 days.
From Rocket Homes Real Estate and based on county public records data.
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved. 
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