6337 South Martin Luther King, Chicago IL 60637
$399,000

Property 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.

Features & Information

Key Details

  • List Price $399,000
  • Property Taxes $48,857.66
  • Lot Dimensions 124 X 224
  • Status Active

Schools

  • Elementary School District 299
  • Junior High District 299
  • High School District: 299

Location

  • General Information Commuter Bus,Commuter Train
  • County Cook
  • Township Hyde Park
  • Corporate Limits Chicago
  • Directions to Property Take Martin Luther King Dr. Directly To The Property. It Is 1/4 Block South Of 63rd Street.
  • Property Taxes

  • Tax $48,857.66
  • Tax Year 2023
  • Tax Exemptions None
  • Parcel Identification Number 20222000120000

Listed by Bruce Heller for Coldwell Banker Realty | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 12/22/2024 12:32 AM. All data is obtained from various sources and may not have been verified by 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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