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Listed by Ivan Hernandezof Realty of America, LLC
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Est. payment | /mo
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Est. payment | /mo
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12585334
Annual Tax Amount $2,940
Tax Year 2024
Lot Dimensions 45' x 125'
Property Sub-Type Land
Property Description
Prime development opportunity in the heart of Chicago's Back of the Yards neighborhood. This offering includes two adjacent vacant lots being sold together, situated on a corner location and currently fully fenced. The property includes two separate PIN numbers, and the listed lot dimensions represent the combined size of both parcels. Each lot is estimated at approximately 45' x 125', providing a combined footprint of approximately 90' x 125' (11,250 square feet total). The property is located in a B3-1 Community Shopping District, which allows for a wide variety of commercial and mixed-use developments, including retail storefronts, service businesses, offices, and residential units above the ground floor. Buyers should verify zoning and permitted uses with the City of Chicago to confirm their intended development plans. The property is being sold together with 1704 W 48th St included in the sale. 2024 property taxes shown reflect the combined total for both parcels. Located in a rapidly evolving area, the property benefits from ongoing redevelopment and community investment throughout Back of the Yards, including the nearby United Yards mixed-use development featuring retail, housing, and community services, as well as new residential construction projects transforming vacant lots throughout the neighborhood. These improvements are part of broader initiatives aimed at revitalizing the commercial corridors and increasing housing opportunities in the area. This site presents an excellent opportunity for developers, investors, or owner-users seeking a buildable lot in a growing Chicago neighborhood with strong long-term potential.
Location
State IL
County Cook
Interior
Fireplace N
Exterior
Utilities Available Unknown (verify)
View Y/N true
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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NEARBY SCHOOLS & PROPERTIES
676 N Michigan Ave. Ste 3010, Chicago, IL, 60611, United States