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Listed by Wayne Bealsof Exit Strategy Realty / EMA Management
$ 295,000
Est. payment /mo
Active
532 E 61st Street Chicago, IL 60637
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12454210
Annual Tax Amount $5,074
Tax Year 2023
Lot Dimensions 156.4 Frontage
Property Sub-Type Land
Property Description
Prime Development Opportunity in rapidly redeveloping Woodlawn at 532-536 E. 61st St. Exceptional opportunity to acquire a large corner lot (approx. 19,175 sq. ft.), with 156 Feet of Frontage on 61st Street and 125 Feet on Rhodes, just steps from 383-acre Washington Park, and less than half a mile from the University of Chicago. With a Minimum Lot Area/Per Unit of 2,500 sq. ft. and current B2-1 zoning, the site is ideally suited for development. Per the City of Chicago Zoning Code: "17-3-0103-B The B2 district permits residential dwelling units on or above the ground floor." This zoning flexibility makes the property especially attractive for development. The seller is also offering a second large corner site at this intersection (MLS #12454285), presenting a rare chance to acquire two prime development parcels in one of Chicago's most dynamic growth corridors. Highlights & Neighborhood Advantages: Excellent proximity to the University of Chicago South Campus and to the Obama Presidential Center. Unmatched CTA Green Line connectivity, offering direct access to IIT, the Loop, Fulton Market, United Center, and beyond. Strong market demand for housing near train-accessible sites. Surrounded by successful recent redevelopments, including the Jewel-Osco at 61st & Cottage Grove. Walkable to the University of Chicago campus, Logan Center, UChicago Medicine, Midway Plaisance, and two nearby Green Line stations. Just one mile from the Lakefront. With Woodlawn's revitalization well underway, this property offers tremendous potential for developers and community builders alike. Bring your vision and be part of Woodlawn's future.
Location
State IL
County Cook
Interior
Fireplace N
Exterior
Utilities Available Electricity Nearby, Natural Gas Nearby, Water Nearby, Cable Available
View Y/N true
Building
Water Municipal Water
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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