3232 South Dr Martin Luther King Jr DriveChicago, IL 60616Price: $1,499,000

  • Price: $1,499,000
  • 37 Days on Market
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Federal 30-year interest rate: 6.58% last updated on Nov 23, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 1934Year Built

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Rare opportunity for builders and developers! B3-1 zoned two story masonry former funeral home building. Site is approximately 23,125 sq. ft. of which the building is approximately 17,000 sq. ft. Other improvements include 2,720 sq. ft. of garage space, as well as parking spaces. The land frontage is 185 feet at S.King Dr. as well as S. Calumet Ave. Great for rehab or redevelopment. This property is ideally located within walking distance to Red and Green line stations and a five minute drive from interstate access. It is surrounded by Chicago's iconic destinations: scenic lakefront, Lakeshore Drive, 31Street Harbor, White sox/Guaranteed Rate Field, McCormick Place and it's entertainment district. Adding to it's unrealized potential, it's in close proximity to multiple medical institutions and higher education campuses.

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Listed by Ivona Karbowski of MCM Realty,Ltd.

Based on information submitted to MRED  as of November 27, 2022 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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