1510 E 67th Street
Chicago, IL 60637
- – beds
- – baths
- – sqft
- 12,197 sqft lot
- – on site
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!
Last checked:
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Last updated Apr 20, 2025
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MLS# 12283811 —
Location
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Directions:Stony Island Ave N/S to 67th St go West to property. Located on the North side of the street after the Chase Bank parking lot.
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Location:27867
The Property
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Parcel Number:20232280170000
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Property Type:Land
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Lot Size Dimensions:100 X 127
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Lot Size Acres:0.28
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Zoning:MULTI
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Building On Land:No
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Frontage Type:City Street
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Frontage Length:100
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Waterfront:false
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Road Surface Type:Asphalt
Listing Agent
- Contact info:
- Agent phone:
- (708) 743-0043
- Office phone:
- (630) 288-2446
Taxes
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Tax Year:2022
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Tax Annual Amount:2298.48
The Listing
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Special Listing Conditions:None
Utilities
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Utilities:Electric Nearby, Gas Nearby, Water Nearby
Schools
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Elementary School District:299
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Middle Or Junior School District:299
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High School District:299
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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2/4/25
Feb 4, 2025
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Listed / Active | MRED | $389,900 | 584.0% (113.8% / YR) |
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11/4/22
Nov 4, 2022
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Listed / Active | MRED | ||
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12/19/19
Dec 19, 2019
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MRED | $57,000 |
