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Excellent development opportunity for an oversized (25 x 170) lot zoned RM 5 for desirable residential development potential. Great location, just West of Jackson Park, steps from the Obama Presidential Library Site. Developers who choose to build in Woodlawn will be tapping into a growing market. The neighborhood is experiencing expanding housing demand which is driving the construction of new housing and recently planned commercial developments. The neighborhood is also well-connected to downtown Chicago, making it a convenient place to live and work
Extra wide, vacant lot, in the Woodlawn neighborhood, which is already buzzing with new construction, opens the door to intriguing development potential! This Chicago land parcel measures 45x126 is Zoned RM 5 and is steps away from Jackson Park & Jackson Park Golf Course. Think of the possibilities awaiting in this neighborhood that is sprinkled with new construction buildings ever since the Obama Library was announced. This opening is ready and waiting!
Multi-million-dollar investment opportunity for a savvy and capable developer looking to break ground in Chicagoland's smoking hot Woodlawn neighborhood! Located less than a mile away from the Obama Presidential Center, this sizable lot is prime for development! Totaling .29 acres or 12,687 square feet! Zoned B3-3 allowing for both residential and commercial development (Residential apartments are permitted above the ground floor)! This lot has enough square footage to build 8-12 residential rental or condo units on top of the first level commercial space. Residential rental units are valued at approximately $90,000 per unit and condos with at least 2-bathrooms are selling for $250,000+ within a half mile radius of the subject property! With the right development strategy and the continuing upward trends in this neighborhood, there is a $4M - $5M valuation to be achieved! As a result of this lot being zoned B3-3, a retail building should be developed and residential apartments or condo units should be built on top of the commercial structure to achieve maximum upside). A laundromat/cleaners combo would be an excellent proposed use of the commercial space as mid-sized laundromats have the potential to net $10,000 - $25,000 in monthly profit! Proximity to the University of Chicago, public transportation, and the LakeFront! ***Fun facts, Chicago broke ground on the Obama Presidential Center on 9.28.21 and a similar larger lot just a few blocks away located at 1318 E 67th St, Chicago, IL 60637 sold 9.19.22 for $975,000, (MLS#11292420)*** Please act swiftly as this opportunity will not last long!
GREAT INVESTMENT OPPORTUNITY-BEAUTIFUL LOT WAITING FOR YOUR DEVELOPMENT IN THIS RAPID GROWING NEIGHBORHOOD. LOT IS CLOSE TO OBAMA PROPOSED PRESIDENTIAL LIBRARY. PROPERTY IS CLOSE TO PUBLIC TRANSPORTATION AND PUBLIC PARKS.
Investment opportunity for developer in Hyde Park. Walking distance to the OBAMA LIBRARY (UNDER CONSTRUCTION), UNIVERSITY OF CHICAGO, BEACH ON 63RD ST, BUSINESS ON 71ST, TRAIN AND MUCH MORE. ZONING RT-4. ALLOWS TO BUILT SINGLE FAMILY, TWO FAMILY, MULTI-FAMILY, SHORT TERM RENTAL, COMMERCIAL. 4,025 Sqf (25'X161.04'). CONVENIENT LOCATION FOR INTERNATIONAL STUDENTS .
VACANT LOT ZONED RS-3 CLOSE TO EVERYTHING Attention Developers/Investors, don't miss your chance! Residential vacant land with great investment opportunity. SOLD "AS IS" . NO SURVEY/DISCLOSURES. BUY AND BUILD, BUY AND HOLD, BUY AND FLIP - YOUR CHOICE. QUIT CLAIM DEED PROVIDED BY SELLER. NO SURVEY, NO TITLE INSURANCE, NO TAX CREDITS NOR PRO RATIONS, NO OTHER CLOSING COSTS. BUYER ACCEPTS PROPERTY AS - IS, WHERE - IS SUBJECT TO ALL CURRENT AND PAST DUE TAXES, FINES, VIOLATIONS, IF ANY.
VACANT LOT ZONED R T 4 CLOSE TO EVERYTHING Attention Developers/Investors, don't miss your chance! Residential vacant land with great investment opportunity. SOLD "AS IS" . NO SURVEY/DISCLOSURES. BUY AND BUILD, BUY AND HOLD, BUY AND FLIP - YOUR CHOICE. QUIT CLAIM DEED PROVIDED BY SELLER. NO SURVEY, NO TITLE INSURANCE, NO TAX CREDITS NOR PRO RATIONS, NO OTHER CLOSING COSTS. BUYER ACCEPTS PROPERTY AS - IS, WHERE - IS SUBJECT TO ALL CURRENT AND PAST DUE TAXES, FINES, VIOLATIONS, IF ANY.
Unlock the potential of this expansive canvas awaiting your imagination! Nestled within a thriving community, this vast plot of land presents a golden opportunity for ambitious developers and discerning homeowners alike. Spanning across a generous expanse of land, this blank slate invites you to envision and create your dream property from the ground up.
DOUBLE LOT WITH LOADS OF POTENTIAL. BUILD TO SUIT. IMMEDIATE POSSESSION AND CLOSING FOR THAT SAVVY BUYER OR INVESTOR
Washington Park is happening now! Loads of new construction, easy access to transportation: Redline, Greenline, 90/94, LSD and CTA buses. Next to Bronzeville and near Woodlawn! You are not the first in...Bring your ideas, blueprints and offer today!
Zoned RS3, this property can be used for development and has a measurement of 37.5 X 126. The location is also convenient.
Residential lot available with gas, electric & and water nearby. Priced to Sell. Drive by today & Bring us an offer.
Location!! Location !!! Location!!! 25X160 Vacant lot zoned RM-5 located in the Heart of booming Washington Park. 10 minutes drive to 90/94, Hyde Park's Bars and restaurants, Hyde Park's busy shopping centers,The University of Chicago Hospital,Lake Michigan and plenty of picturesque bike trails to enjoy. Drive by and submit offer.
Excellent development opportunity in HOT Washington Park neighborhood! It's all here: convenient public transportation with easy access to 90/94, University of Chicago Greenline Performing Arts Center, Artist Residences apartment complex, Park Supper Club, XS Tennis, and more! Washington Park has recently been rediscovered. This is a great opportunity to build in an up-and-coming flourishing community!!
Caporale Realty Group
7646 West North Avenue
Elmwood Park, IL 60707
Phone: 708-456-1919
Email: [email protected]
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