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$599,000
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Property Description
Seize a rare opportunity to develop on Chicago's historic State Street with five contiguous lots, totaling an expansive 20,930 sq. ft. in the heart of Bronzeville. Boasting C1-2 zoning and 130 feet of prime frontage, this site is surrounded by hundreds of new residential developments, with even more on the way, making it a high-demand investment. State Street has long been a cornerstone of Chicago's commercial and cultural landscape, and this property offers a versatile canvas for a high-impact mixed-use development. With easy access to I-90/94, investors have the flexibility to build four mixed-use buildings or two 8-unit residential structures, with a projected valuation between $3.35M and $4.6M. The C1-2 zoning allows for a wide range of businesses, including retail, liquor stores, warehouses, and auto shops, while also permitting residential units above commercial spaces-a perfect fit for the neighborhood's evolving needs. Five adjacent lots of this size, in such a prime location, are a rarity-don't miss your chance to be part of Bronzeville's booming revitalization and State Street's ongoing legacy while maximizing your investment potential.
Full Property Details
Full Property Details for 4317 S State St
General
- Price: $599,000
- Taxes: $5,272 (2023)
- Status: Active
- Type: Lots/Land
- Source: MRED
- MLS ID: 12306405
- Updated: 11/18/2025
- Added to Site: 317 day(s) ago
Location
- Area: CHI - Grand Boulevard
- County: Cook
- Township: Hyde Park
- Driving Directions: State Street N/S to 4317 south
- Location Details: Mixed-Use Area, Park Adjacent
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Utilities
- Onsite: Electricity to Site, Natural Gas Available, Sewer Connected, Water Available
Structural Information
- Square Feet: 0.48
- Current Bldg. Use: Other
Lot Features
- Lot Size (Acres): 0.48
- Lot Size (Sq. Ft.): 20,900
- Lot Size Range: 1.0 to 1.99 Acres
- Lot Dimensions: 130 x 161
- Frontage: City Street, Interstate
- Frontage Feet: 130
- Street/Road Desc.: Asphalt, Concrete, Gravel
- Potential Use: Commercial, Office, Development, Recreational, Multi-Family, Retail
- Zoning: COMMR
- Lot Description: Cleared
Financial Considerations
- Lease Price: $29
- Tax Amount: $5,272.71
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Documents Avail.: Aerial Map, Demographics, Legal-Description, Existing Survey, Tax Bill, Title Report
- Property ID: 20033000060000
Listed by Straight-A Realty, LLC
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Schools
Schools serving 4317 S State St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Beethoven Elementary School 25 West 47th Street, Chicago, IL 60609 | PK-8 | 0.5 mi |
Phillips Academy High School 244 East Pershing Road, Chicago, IL 60653 | 12-11 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4317 S State St
Date
Details
Price
Change
Source
6/19/2025
Price Reduced
$599,000
-7.7%
MLS
4/27/2025
Price Reduced
$649,000
-18.77%
MLS
3/07/2025
Listed
$799,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 4317 S State St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$797
3%
$3,767
—
2022
$777
2%
$3,767
—
2021
$760
-9%
$3,767
—
2020
$839
11%
$3,767
—
2019
$757
2%
$3,767
—
2018
$744
10%
$3,767
20%
2017
$676
7%
$3,139
—
2016
$629
9%
$3,139
—
2015
$575
-1%
$3,139
—
2014
$582
2%
$3,139
—
2013
$571
1%
$3,139
—
2012
$563
—
$3,139
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4317 S State St
4317 S State Street, Chicago, IL 60609 (MLS# 12306405) is a Lots/Land property with a lot size of 0.48 acres. 4317 S State Street is currently listed for $599,000 and was received on March 07, 2025. Want to learn more about 4317 S State Street? Do you have questions about finding other Lots/Land real estate for sale in Grand Boulevard? You can browse all Grand Boulevard real estate or contact a Coldwell Banker agent to request more information.

