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$ 299,900
Est. payment /mo
Open Tue 10AM-2PM
1510 E 67th ST Chicago, IL 60637
0.28 Acres Lot
Open House
Tue Apr 21, 10:00am - 2:00pm
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12600967
Annual Tax Amount $2,298
Tax Year 2022
Lot Size 0.280 Acres
Lot Dimensions 100 X 127
Property Sub-Type Land
Property Description
Premier B3-3 mixed-use development site in the absolute path of progress at 1510 E 67th St-positioned less than a mile from the Obama Presidential Center, a transformative $800M+ global destination expected to draw 600K-750K visitors annually and anchor long-term economic growth in Woodlawn . This 12,687 SF (.29 acre) footprint offers rare scale and zoning flexibility to develop 8-12 residential units over retail, aligning perfectly with the wave of new construction already underway nearby, including recently approved 14-unit and 24-unit residential developments within blocks . Investor demand is accelerating as the neighborhood transitions-evidenced by rising rents, redevelopment activity, and institutional projects including a planned 26-story hotel and multiple new mixed-use buildings surrounding the Obama campus . Recent land comps like 1318 E 67th St closing at $975,000 validate the trajectory, while condo values exceeding $250K+ and strong rental demand create multiple exit strategies. Located near the University of Chicago, Jackson Park, the lakefront, and transit, this site sits at the epicenter of a neighborhood widely considered one of Chicago's fastest-appreciating markets, fueled directly by the Obama Center's catalytic impact on pricing, development, and investor activity . At just $299,900, this is a generational entry point to control a large-scale development site with projected $4M-$5M stabilized upside-exactly where smart developers are placing their bets today.
Location
State IL
County Cook
Area Chi - Woodlawn
Zoning MULTI
Interior
Fireplace N
Exterior
Utilities Available Electricity Nearby, Natural Gas Nearby, Water Nearby
Building
Dwelling Type Land
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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Listed by Michael Applegate of Straight-A Realty, LLC
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