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    4401 S State St Chicago, IL 60609

    For Sale
    $4,600,000

    3.13-acre development site in Chicago's thriving Bronzeville neighborhood.

    Lot size:
    3.13 Acres

    Property Features for 4401 S State St

    General Information

    Lot size
    3.13 Acres

    Source: CRER Agent Steven Rapoport

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Bronzeville Development Opportunity

    This 3.13-acre development site presents an opportunity to contribute to the growth of the Bronzeville neighborhood in Chicago. The location is within walking distance of both the red and green line CTA trains and the beach, with easy access to Lake Shore Drive and I-90. It is also near the Illinois Institute of Technology, Guaranteed Rate Field, and Lake Michigan. Bronzeville is experiencing a development boom, including the $3.8 billion Bronzeville Lakefront mixed-use development at the former Michael Reese Hospital site. The demand for housing in the area is driven by transportation links, proximity to the lakefront, and access to the Loop.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.62569
    Latitude
    41.813935

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    FAQs

    What type of property is this?
    Land - 3.13-acre development site in Chicago's thriving Bronzeville neighborhood.
    Where is this land located?
    The property is located at 4401 S State St Chicago, IL.
    What is the asking price?
    The asking price for this property is $4,600,000.
    What are key features of this property?
    This property features: - Rare 3.13-acre development site in Chicago's Bronzeville neighborhood.; - Walking distance to CTA Red and Green Line trains and the beach.; - Easy access to Lake Shore Drive and I-90.
    (847) 863-2707
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4401 S State St Chicago, IL 60609
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