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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 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.
Full Property Details
Full Property Details for 6337 S Martin Luther King Dr
General
- Price: $699,000
- Taxes: $49,791 (2022)
- Status: Active
- Type: Lots/Land
- MLS ID: 11922879
- Updated: 3/29/2024
- Added to Site: 178 day(s) ago
Additional Information
- Other Features: Commuter Bus, Commuter Train
Location
- Area: CHI - Woodlawn
- County: Cook
- Township: Hyde Park
- Driving Directions: Take Martin Luther King Dr. directly to the property. It is 1/4 block south of 63rd Street.
- Location Details: Mixed-Use Area, In City Limits
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Utilities
- Onsite: Electricity to Site, Gas to Site, Water to Site
Structural Information
- Current Bldg. Use: Commercial
Lot Features
- Lot Size (Sq. Ft.): 27,776
- Lot Size Range: .50 to .99 Acre
- Lot Dimensions: 124 x 224
- Frontage: City Street
- Frontage Feet: 224
- Street/Road Desc.: Asphalt
- Potential Use: Commercial, Condominium, Development, Multi-Family, Retail, Special Use
- Zoning: COMMR
- Lot Description: Level
Financial Considerations
- Tax Amount: $49,791.61
- Tax Year: 2022
Disclosures and Reports
- Ownership: Fee Simple
- 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.
Learn more about GreatSchools ratings.
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
11/02/2023
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# 11922879) is a Lots/Land property with a lot size of acres. 6337 S Martin Luther King Drive is currently listed for $699,000 and was received on November 02, 2023. Want to learn more about 6337 S Martin Luther King Drive? Do you have questions about finding other Lots/Land real estate for sale in Woodlawn? You can browse all Woodlawn real estate or contact a Coldwell Banker agent to request more information.