1510 East 67th Street

1510 East 67th Street

Chicago, IL 60637

$499,000
Price
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Description

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...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!

Property Details for 1510 East 67th Street

Area
CHI - Woodlawn
Township
Hyde Park
Ownership
Fee Simple
Num Of Parking Spaces
0.0
Zoning
MULTI

Location

Listing Courtesy of Straight-A Realty, LLC
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LISTING UPDATED: 12/27/2023 02:50 PM

Property Details for 1510 East 67th Street

StatusActive
MLS #11609888
Days on Market644
Taxes$2,298 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeVL
MLS TypeLand
Year Built-
Lot Size0.28 AC
CountyCook County

Location

Listing Courtesy of Straight-A Realty, LLC
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Building Information for 1510 East 67th Street

Lot Size0.28 AC

Payment Calculator

$2,915 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,723

Property Taxes

$192

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1510 East 67th Street

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Location and General Information
  • Frontage Length: 100
  • Frontage Type: City Street
Property Information
Interior Features
  • Basement Bathrooms: No
  • Num of Baths: 0.0
Exterior Features
  • Backup Package: No
Utilities / Equipment
  • Utilities: Electric Nearby, Gas Nearby, Water Nearby
Property/Lot Information
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 100 X 127
  • Approx Land Sq Footage: 13000
  • Buildings on Land: No
  • Waterfront: No
  • General Information: None
  • North Coordinate: 0
  • South Coordinate: 6700
  • East Coordinate: 1510
  • West Coordinate: 0
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2022-08-19T02:55:23
  • Photos Count: 6
  • OpenHouse Count: 4
Miscellaneous
  • Road Surface: Asphalt
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No

Property History for 1510 East 67th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1510 East 67th Street

Taxable ValueLand$11,430Additions-Total$11,430
Tax Record2022$2,351 ($196 / month)
Home Facts
Beds0Lot Size12,700 SqFtStyleMiscellaneous Vacant LandCountyCOOKAPN20-23-228-017

Schools near 1510 East 67th Street

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Wadsworth PreK-8th STEM School
Public - PK to 8
Hyde Park Academy High School
Public - 9 to 12
Woodlawn Elementary Community School
Public - PK to 6
South Shore Fine Arts Elementary School
Public - PK to 8
Rating
School
Distance
Wadsworth PreK-8th STEM School
PublicPK to 8

Hyde Park Academy High School
Public9 to 12

Woodlawn Elementary Community School
PublicPK to 6

South Shore Fine Arts Elementary School
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1510 East 67th Street, Chicago, IL 60637

1510 East 67th Street is for sale in Chicago, IL 60637. This property was listed for sale on November 4, 2022 by Straight-A Realty, LLC, it's currently listed at $499,000. It has been on the market for a total of 644 days and was last sold on December 19, 2019. This listing's school district is City Of Chicago School District 299. Nearby schools include Wadsworth PreK-8th STEM School, Hyde Park Academy High School and Woodlawn Elementary Community School. 1510 East 67th Street is a 0-bed, 0-bath, .

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Straight-A Realty, LLC

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.