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$ 175,000
Est. payment | /mo
1,500 SqFt
$ 175,000
Est. payment | /mo
1,500 SqFt
Key Details
Property Type Condo
Sub Type Condo-Loft
Listing Status Active
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $116
MLS Listing ID 12256796
Annual Tax Amount $5,836
Tax Year 2023
Lot Dimensions COMMON
Property Description
Excited to present a unique opportunity to acquire 2 adjacent raw condos located at 3957 S. King Dr., P2-1 & P3-1, in the vibrant Bronzeville neighborhood of Chicago. Priced at $175,000, this offering includes approximately 750 SF per unit, with the potential to combine for a total of 1,500 SF. Boasting approximately 15-foot ceilings, these spaces allow for the addition of lofts, maximizing usable square footage. Situated in the heart of Bronzeville, a neighborhood experiencing significant revitalization and growth, this property benefits from strong foot traffic, proximity to public transportation, thriving local businesses, and new residential developments. The ongoing tax appeal adds further value to the offering, enhancing its investment potential. The flexibility of these raw units allows investors or developers to customize the space to meet market demand, whether as high-end rental units, unique office spaces, or luxurious residential homes. This rare opportunity combines exceptional architectural features, including towering ceilings and potential outdoor spaces, with a prime location in one of Chicago's most historic and culturally rich neighborhoods. At $175,000, this property offers both short-term potential and long-term appreciation, making it an ideal investment for those looking to capitalize on Bronzeville's upward trajectory. Don't miss the chance to craft something truly spectacular in a thriving community.
Location
State IL
County Cook
Rooms
Basement None
Interior
Heating None
Cooling None
Fireplace N
Exterior
View Y/N true
Building
Sewer Public Sewer
Water Lake Michigan
New Construction false
Schools
School District 299, 299, 299
Others
Pets Allowed No
HOA Fee Include None
Ownership Condo
Special Listing Condition None
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Listed by Travis Montgomery • Keller Williams ONEChicago
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "