719 S State Street Chicago, IL $ 1,749,900
719 S State Street
$ 1,749,900
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719 S State Street

Chicago, IL, 60605
$ 1,749,900
Baths0.0

Monthly Estimate*

$ 12,224

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Studio

Commercial Property for sale in Chicago, IL

for $1,749,900. This building was built in 1875 on a lot size of 0.126722.

Potential Prime Location! Bring your ideas! Currently on the site is a historic 4-story building originally built in 1888 and renovated in 1950 with the potential to be restored into a vibrant income producing residential or commercial building. Each upper floor has a fully fixtured bathroom and kitchen providing the basic infrastructure for live/work lofts. Blocks away from the Lake! One block off Michigan Ave. DX-12 zoned site located across from Jones College Preparatory High School, Amazing Loop location. The location has an abundance of commercial and residential developments close by, including dormitories for Roosevelt University, Columbia College and the School of the Art Institute. Site currently has Nail Salon in business and 4th floor is occupied by Chicago Freedom School. Office spaces or art studio space available on both 2nd and 3rd floor. The subject property site measures 40 feet by 138 feet deep. The property backs up to the CTA rapid transit system which provides lots of public transportation options, including bus service. Two blocks to the north is the Ida B. Wells Drive with direct access to Lake Shore Drive going east and to the west, the Jane Byrne Interchange servicing the Kennedy (I-90), Eisenhower (I-290) and Dan Ryan (I-90) expressway system. Steps away from Grant Park, Merle Reskin Theatre, Restaurants & Hotels

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Commercial Pending

Price

$ 1,749,900

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 110,544

Style

Lot Size

0.126722

Year Built

1875

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12015652

Features
General
Cooling Central Air
Year Built 1875
Electric Separate Meters
Stories 4
Property SubType Mixed Use
Tax Year 2022
Gross Income 14066
County Cook
Insurance Expense 9415
Property Type Commercial Sale Mixed Use
Status Pending
Directions 2 Blocks N from Ida B Wells Drive
City Chicago
Total Units 7
MLS Area CHI - Loop
Lot Size Square Feet 5520
Street Name State
Tax Annual Amount 110544
Electric Expense 0
Fuel Expense 1700
Trash Expense 960
Water Sewer Expense 0
Additional Parcels Y/N N
Days on Market 25
Standard Status Pending
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Exterior
Lot Dimensions 40X137
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Interior
Street Suffix Street
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* Excluded Features
List By
Nxt Realty, Llc

Broker

nick@nxtrealty.com

Email

Affordability Calculator

$21,436
Per Month
57%
43%
0%
Monthly Principal & Interest
$12,224
Monthly Property Taxes
$9,212
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/2/2024$1,749,900 Listed Price

Map


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719 S State Street, Chicago, IL, 60605 is a Commercial Property for sale at $1,749,900 with a lot size of 0.126722. 719 S State Street is a studio with 0.0 baths and was built in 1875. The property's zip code is 60605 which is in Chicago, IL