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1510 E 67th Street, Chicago, IL 60637
$499,000
1510 E 67th Street, Chicago, IL 60637View this property at 1510 E 67th Street, Chicago, IL 60637
1510 E 67th StreetChicagoIL60637
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Property 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 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!
Full Property Details
Full Property Details for 1510 E 67th St
General
- Price: $499,000
- Taxes: $2,298 (2021)
- Status: Active
- Type: Lots/Land
- MLS ID: 11609888
- Updated: 12/27/2023
- Added to Site: 541 day(s) ago
Location
- Area: CHI - Woodlawn
- County: Cook
- Township: Hyde Park
- Driving 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.
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Utilities
- Onsite: Electricity Nearby, Gas Nearby, Water Nearby
Structural Information
- Square Feet: 0.28
Lot Features
- Lot Size (Acres): 0.28
- Lot Size (Sq. Ft.): 13,000
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 100 x 127
- Frontage: City Street
- Frontage Feet: 100
- Street/Road Desc.: Asphalt
- Zoning: MULTI
Financial Considerations
- Tax Amount: $2,298.48
- Tax Year: 2021
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 20232280170000
Listed by Straight-A Realty, LLC
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Schools
Schools serving 1510 E 67th St
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
6650 S Ellis Ave, Chicago, IL 60637 | PK-8 | 0.7 mi | |
6220 S Stony Island Ave, Chicago, IL 60637 | 9-12 | 0.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1510 E 67th St
Date
Details
Price
Change
Source
11/04/2022
Listed
$499,000
775.44%
MLS
12/03/2019
Sold
$57,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1510 E 67th St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$2,351
2%
$11,430
—
2021
$2,298
-10%
$11,430
—
2020
$2,546
11%
$11,430
—
2019
$2,296
2%
$11,430
—
2018
$2,258
10%
$11,430
20%
2017
$2,050
7%
$9,525
—
2016
$1,908
9%
$9,525
—
2015
$1,745
-1%
$9,525
—
2014
$1,767
2%
$9,525
—
2013
$1,732
1%
$9,525
—
2012
$1,709
—
$9,525
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1510 E 67th St
1510 E 67th Street, Chicago, IL 60637 (MLS# 11609888) is a Lots/Land property with a lot size of 0.28 acres. 1510 E 67th Street is currently listed for $499,000 and was received on November 04, 2022. Want to learn more about 1510 E 67th Street? Do you have questions about finding other Lots/Land real estate for sale in Woodlawn? You can browse all Woodlawn real estate or contact a Coldwell Banker agent to request more information.