2 years on rocket

4501 S Cottage Grove Ave, Chicago, IL, 60653

$1,499,000

Land

Location

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Property Highlights

Home TypeVacant Land
MLS #11463077
StatusActive

About 4501 S Cottage Grove Ave

Located in the vibrant Bronzeville neighborhood, this expansive 25,238 sqft commercial land offers a prime opportunity for companies in the technology, retail, or medical fields. For technology companies, the land's strategic location in the heart of Bronzeville offers easy access to a highly educated and diverse workforce, as well as proximity to leading research institutions and top-notch talent. Additionally, the area's thriving arts and culture scene, as well as its growing reputation as a hub for innovation, make it an attractive destination for tech startups looking to establish a presence in the area. Retail companies can take advantage of the land's prime location on a bustling commercial corridor, with excellent visibility and foot traffic. The site's expansive size offers ample space for large-scale retail operations, as well as potential for mixed-use development that could include residential and office components to create a dynamic and thriving community. For medical companies, the land's proximity to world-class hospitals and medical facilities, including the University of Chicago Medical Center, make it an ideal location for healthcare providers and medical research institutions. The site's large size and flexible zoning offer endless possibilities for customized development that can meet the specific needs of medical companies. Overall, this commercial land for sale on 4501 S Cottage Grove in Bronzeville presents a unique opportunity for companies in the technology, retail, or medical fields to establish a strategic presence in one of Chicago's most vibrant and dynamic neighborhoods. With its prime location, ample space, and endless potential, this site is sure to attract interest from a wide range of businesses seeking to capitalize on the area's many strengths. The B1-5 zoning classification for your commercial land on 4501 S Cottage Grove in Bronzeville offers a versatile range of commercial uses, including retail, service, and professional businesses. The maximum height allowed under this classification is 60 feet and the floor area ratio can be up to 2.2, which offers ample space for large-scale development without detracting from the surrounding neighborhood's character. With a variety of permitted uses, including banks, restaurants, retail stores, offices, and medical clinics, B1-5 zoning provides a flexible framework that can accommodate the needs of any business looking to establish a presence in Bronzeville. This zoning classification ensures that any development on the site complies with local regulations and maintains the area's integrity and character. Overall, the B1-5 zoning classification for your commercial land provides a solid foundation for creative and customized development, making it an ideal location for businesses in the technology, retail, or medical fields. Excellent opportunity to capitalize on future development in a robust market with strong economic growth and increasing demand in Bronzeville. 4501 South Cottage Grove is appx. 168.25x150, Lot Square Footage: 25238, this property is being sold "as-is".

Property Details

Property Features

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (773) 451-1200
  • Listing Agent: Sybil Martin

Virtual/3D Tour

  • Virtual Tour: 4501 S Cottage Grove Ave
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Other

Directions Information:

  • Directions: 47th Street East or West to Cottage, North to address.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,499,000

Tax Information:

  • Annual Amount: $5,242
  • Tax Year: 2019
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Housing Market Comparison

See how this home compares to others in Chicago, IL.

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Chicago, IL

City

Med. Sold Price

$360.3K

Med. Price/SqFt

$259

Avg. Days On Market

32

# of Sold Homes

1796

4501 S Cottage Grove Ave vs Chicago

861 DAYS ON ROCKET

+829 Days

$1,499,000

+$1.1M More

KEY TAKEAWAY

This property is $1.1M 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: #11463077

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (773) 451-1200
  • Listing Agent: Sybil Martin

IDX Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.

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The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

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Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 3:15:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 22, 2005Home Sold
$575,000
May 02, 2001Home Sold
$385,000
Dec 14, 2000Home Sold
$140,000
Sep 21, 1999Home Sold
$109,000

Tax History

YEARPROP. TAXASSESSMENT
2019$5,242$22,714
2018$5,137$22,714
2017$4,684$18,928

History based on county public records data.

Payment Calculator

$7,549

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,561

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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.

Nearby Schools

school-card-donut-340851
4
/10

  • Univ of Chicago Charter-Nth Kenwood

  • 1119 E 46th St

  • 0.48 miles

  • Public Charter Grades PK-5

school-card-donut-340852
5
/10

  • Robinson Elementary School

  • 4225 S Lake Park Ave

  • 0.53 miles

  • Public District Grades PK-3

school-card-donut-340853
5
/10

  • Shoesmith Elementary School

  • 1330 E 50th St

  • 0.87 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $44,115. The majority of Chicago, IL residents have income between $35k-100k annually. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 4501 S Cottage Grove Ave

What is the listing price of this property?

The listing price of 4501 S Cottage Grove Ave property is $1,499,000.

What type of property is this?

The property 4501 S Cottage Grove Ave is land located in Chicago, Illinois, 60653.

Is this property for sale now?

Active Listing: 4501 S Cottage Grove Ave 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 $5,242 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 22, 2005 for $575,000. (source: MLS/tax record).
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Rocket Homes›Illinois›Cook County›Chicago›60653›4501 S Cottage Grove Ave

This home is located at 4501 S Cottage Grove Ave in Chicago, IL and zip code 60653 in the South Side neighborhood. It has been listed on Rocket Homes since July 13, 2022 and is currently priced at $1,499,000.

Chicago, IL housing market in October 2024 saw over 539 listings sold above listed price, more than 337 sold at listed price and over 919 sold below. In October 2024 in Chicago, IL there were 14.5% more homes for sale than in September 2024. In October 2024 median list price was $360,336 and the average listing age was 32 days.

From Rocket Homes Real Estate and based on county public records data.

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