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6337 S Martin Luther King Drive, Chicago, IL 60637
$699,000
6337 S Martin Luther King Drive, Chicago, IL 60637View this property at 6337 S Martin Luther King Drive, Chicago, IL 60637
6337 S Martin Luther King DriveChicagoIL60637
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Property Description
This site is located in a Federal Opportunity Zone, 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! In addition to the 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. The property is vacant and has emptied of all restaurant equipment. This will be an "AS IS" sale.
Full Property Details
Full Property Details for 6337 S Martin Luther King Dr
General
- Price: $699,000
- Taxes: $49,791 (2022)
- Status: Active
- Type: Store
- MLS ID: 11918077
- Updated: 11/7/2023
- Added to Site: 179 day(s) ago
Additional Information
- Security/Safety: Hydrants on Site
Parking
- Parking Features: 31 to 50 Spaces
Location
- Area: CHI - Woodlawn
- County: Cook
- Driving Directions: Take Martin Luther King Drive to 6337 south.
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air, None
Utilities
- Onsite: Electricity to Site, Gas to Site, Water to Site
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Concrete Perimeter
- Stories/Levels: 1
- Square Feet: 2,376
- Current Bldg. Use: Commercial
- Year Built: 1999
Lot Features
- Lot Size (Sq. Ft.): 27,776
- Lot Dimensions: 149 x 224
- Frontage: City Street
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Hydrants On Site
- Assessment Year: 1999
- Tax Amount: $49,791
- Tax Year: 2022
- Tenant Pays: Varies by Tenant
Disclosures and Reports
- Documents Avail.: Demographics, Legal-Description, Tax Bill, Traffic Counts
- Property ID: 20222000120000
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Schools
Schools serving 6337 S Martin Luther King Dr
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
6311 S Calumet Ave, Chicago, IL 60637 | PK-8 | 0.1 mi | |
6220 S Stony Island Ave, Chicago, IL 60637 | 9-12 | 1.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
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School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 6337 S Martin Luther King Dr
Date
Details
Price
Change
Source
11/01/2023
Listed
$699,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 6337 S Martin Luther King Dr
6337 S Martin Luther King Drive, Chicago, IL 60637 (MLS# 11918077) is a Store property. 6337 S Martin Luther King Drive is currently listed for $699,000 and was received on November 01, 2023. Want to learn more about 6337 S Martin Luther King Drive? Do you have questions about finding other Store real estate for sale in Woodlawn? You can browse all Woodlawn real estate or contact a Coldwell Banker agent to request more information.