1510 E 67th St, Chicago, IL, 60637

USD 299,900
For Sale MLS: 12600967

Property Details

Property Type

land

Description

Land in Chicago, IL - Bedrooms: 0 - Bathrooms: 0 - Area: N/A - Year Built: N/A - Lot: 12197 sqft

Listing Agent: Michael Applegate Brokerage: Straight-A Realty, LLC

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

Address

1510 E 67th St, Chicago, IL, 60637

City

Chicago

Features and Finishes

Frontage Length: 100, Frontage Type: City Street, Road Surface Type: Asphalt, Lot Size Acres: 0.28, Lot Size Dimensions: 100 X 127, Lot Size Square Feet: 12197, Elementary School District: 299, High School District: 299, School District: 299, Middle or Junior School District: 299, Annual Tax Amount: 2298, Source Listing Status: Active, County: Cook, 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., Tax Year: 2022, Ownership: Fee Simple, Source Property Type: Land, Area: CHI - Woodlawn, Source Neighborhood: CHI - Woodlawn, Parcel Number: 20232280170000, Township: Hyde Park, Zoning: MULTI, Property Subtype: Land, Electricity Nearby, Natural Gas Nearby, Water Nearby, single story, rental property, big lot, lake view, den, lake

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