6337 S Martin Luther King Drive Chicago, IL 60637

Active (180 Days)

$699,000

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Description

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.

MLS #:
11922879

Taxes
$49,792(2022)

Type
Land

School District
299

County
Cook County

Listed By

Bruce Heller, Coldwell Banker Realty

Source
Midwest Real Estate Data as distributed by MLS Grid
Last checked Apr 29 2024 at 1:11 PM GMT+0000

Bathroom Details

Utility Information

Utilities: Utility: Water to Site, Utility: Gas to Site, Utility: Electric to Site

Additional Listing Info

Buyer Brokerage Commission: 2.5% - $ 475

Location

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Disclaimer: Based on information submitted to the MLS GRID as of 4/20/22 08:21. All data is obtained from various sources and may not have been verified by broker or MLSGRID. Supplied Open House Information is subject to change without notice. All information should beindependently reviewed and verified for accuracy. Properties may or may not be listed by the office/agentpresenting the information. Properties displayed may be listed or sold by various participants in the MLS. All listing data on this page was received from MLS GRID.