6337 S Martin Luther King Drive Active Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60637
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12222525
Annual Tax Amount $48,857
Tax Year 2023
Lot Dimensions 124 X 224
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.
Location
State IL
County Cook
Zoning COMMR
Interior
Fireplace N
Exterior
Utilities Available Electric to Site,Gas to Site,Water to Site
View Y/N true
Schools
School District 299,299,299
Others
Ownership Fee Simple
Special Listing Condition None