
1510 e 67th street
chicago, IL

Status: Active
Property Type: Land
Community: Chicago
$389,900
price
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bedrooms
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bathrooms
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square feet
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usable square feet
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assessment (hoa)




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!
Lot size: 13,000 square feet
Taxes: $2,298.48
Style:
County: Cook
Listing time: Clients only
MLS #: 12283811

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Property Details: 1510 e 67th street

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Interior features
Interior information
- Total Rooms: Ask Agent
- Bedrooms: Ask Agent
- Interior Features:
- Full Bathrooms: Ask Agent
- Half Bathrooms: Ask Agent
- Master Bedroom: No
- Additional Rooms: Ask Agent
Living Room
- Size: Ask Agent
- Level:
- Floor Coverings:
Dining Room
- Combined With Living Room: No
- Size: Ask Agent
- Level:
- Floor Coverings:
Kitchen
- Size: Ask Agent
- Level:
- Floor Coverings:
Family Room
- Size: Ask Agent
- Level:
- Floor Coverings:
Master Bedroom
- Size: Ask Agent
- Level:
- Floor Coverings:
Laundry
- Size: Ask Agent
- Level:
- Floor Coverings:
Basement
- Basement: No
- Description:
Equipment, Appliances, HVAC
- Heating: Ask Agent
- Cooling: Ask Agent
- Appliances: Ask Agent
- Additional Equipment:
Exterior, pets, parking, misc
Exterior information
- Exterior Features: Ask Agent
- Exposures:
- Roof:
- Lot Acres: 0.280
- Lot Square Footage: 13,000 square feet
- Waterfront: No
Pets
- Pets Allowed: Ask Agent
- Pet Information:
Parking
- Total Parking Spaces: 0
- Parking Description:
- Garage Spaces: Ask Agent
- Garage Description:
Financial information
- Taxes: $2,298.48
- Tax Year: 2022
- Assessments (HOA): Ask Agent
- Assessments Include:
- Special Assessments:
- Is Distressed Sale: No
Property specific details
- Year Built: Ask Agent
- Building Age:
- Total Number Of Units: Ask Agent
- Number Of Stories: Ask Agent
chicagohome's network knowledge
- Usable SqFt: Ask Agent
- $'s/Usable SqFt: Ask Agent
- Parcel Identification Number (PIN): 20232280170000
- Subdivision Name:
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