44th Street & South State Street | Chicago, IL 60609
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
44th Street & South State Street
Chicago, IL 60609
Grand Boulevard Terraces · Land For Sale · 3.20 AC
Investment Highlights
- Grand Boulevard Terraces is in an ideal commuter location with many transit options to access Downtown Chicago.
- The immediate area surrounding Grand Boulevard Terraces has seen an influx of people over the last ten years.
- There is limited number of Class A communities within the submarket and a total of 80 units expected to deliver in the next 36 months.
Executive Summary
Colliers is pleased to present a unique opportunity to develop a 3.2-acre site primed for mixed-use in the rapidly growing Bronzeville neighborhood of Chicago.
The property is in a prime Chicago-land location, just a few short minutes from the lake along with a variety of walkable food options. Additionally, there are multiple public transportation options providing easy access to the vast employment opportunities located in Downtown Chicago.
Located on the South Side of Chicago, Bronzeville has a rich culture, known for its vibrant arts scene and jazz music. As a part of the Chicago INVEST program, the community has seen revitalization efforts fostering community development.
The market has seen significant rent growth in the last few years, reaching 5.3% YOY Q3 2023 growth. There has been minimal development in the area over the last 3 years with little expected to deliver in the next 36 months. The property is located in a Low/Moderate income zone so the affordability component requirement is minimal.
Please reach out to Tyler Hague at Tyler.hauge@colliers.com or Lauren Stoliar at Lauren.stoliar@colliers.com for more information.
The property is in a prime Chicago-land location, just a few short minutes from the lake along with a variety of walkable food options. Additionally, there are multiple public transportation options providing easy access to the vast employment opportunities located in Downtown Chicago.
Located on the South Side of Chicago, Bronzeville has a rich culture, known for its vibrant arts scene and jazz music. As a part of the Chicago INVEST program, the community has seen revitalization efforts fostering community development.
The market has seen significant rent growth in the last few years, reaching 5.3% YOY Q3 2023 growth. There has been minimal development in the area over the last 3 years with little expected to deliver in the next 36 months. The property is located in a Low/Moderate income zone so the affordability component requirement is minimal.
Please reach out to Tyler Hague at Tyler.hauge@colliers.com or Lauren Stoliar at Lauren.stoliar@colliers.com for more information.
PROPERTY FACTS
| Sale Type | Investment or Owner User | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 3.20 AC |
| Property Type | Land |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 3.20 AC |
1 Lot Available
Lot
| Lot Size | 3.20 AC |
| Lot Size | 3.20 AC |
1 of 4
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
