1510 67th Street, Woodlawn, Chicago, Illinois 60637
$389,900
|
For Sale
|
|
| Status: | Active |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 0 |
| Baths: | 0 |
| Year Built: | — |
| Property Taxes: | $2,298 |
| Days On Market: | 234 |
| Lot Size: | 0,28 |
Description
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!
Property Specifics
| Lot/Land | |
| — | |
| — | |
| — | |
| — | |
| — | |
| No | |
| 0.28 |
| Cook | |
| — | |
| — / — | |
| — | |
| — | |
| — | |
| 12283811 | |
| 20232280170000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 19 Dec, 2019 | Sold | $57,000 | MRED MLS |
| 16 Nov, 2019 | Under contract | $89,000 | MRED MLS |
| 14 Nov, 2019 | Listed for sale | $89,000 | MRED MLS |
| 4 Feb, 2025 | Listed for sale | $389,900 | MRED MLS |
Room Specifics
Total Bedrooms: —
Bedrooms Above Ground: 0
Bedrooms Below Ground: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 0
Bathroom Amenities: —
Bathroom in Basement: 0
Rooms: —
Basement Description: —
Other Specifics
| — | |
| — | |
| — | |
| — | |
| — | |
| 100 X 127 | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| — | |
| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2019 | $2,258 |
| 2025 | $2,298 |
Contact Agent
Nearby Similar Homes
Nearby Sold Comparables
Contact Agent
Listing Provided By
Straight-A Realty, LLC
