509 W Elm Street, Chicago, IL 60610 - Photo 1

1/1

$1,700,000

Sold
Closed
Lots/Land

1/1

Property Description

Great Development Opportunity! Value is in the land. Currently, there is a church building on the parcel, but highest and best use is to replace it with a more modern residential development structure. Neighborhood has been highly improved, with new development across the street and in the immediate surrounding area. Property is located across the street from the most sought after CPS Jenner Academy of the Arts. Zoning is PD1006 Residential Commercial Planned Development No. 1006, Subarea B. Mailing address for the church building is 509 W. Elm Street. Prospective buyers do your due diligence as well.

Full Property Details

Full Property Details for 509 W Elm St

General

Sold For: $1,700,000
Taxes: (2020)
Status: Closed
Type: Lots/Land
Source: MRED
MLS ID: 11240670
Added to Site: 1, 563 day(s) ago

Location

Area: CHI - Near North Side
County: Cook
Driving Directions: In between Division St & Chicago Ave; east of Larrabee St, west of Orleans St;
Location Details: Corner

School Information

School District: 299
Midd School District: 299

Utilities

Onsite: Electricity to Site, Gas to Site, Municipal Water

Structural Information

Current Bldg. Use: Special Use

Lot Features

Lot Size (Sq. Ft.): 11,414
Lot Size Range: .25 to .49 Acre
Lot Dimensions: 219.5 x 52
Frontage: City Street
Frontage Feet: 219.5
Street/Road Desc.: Concrete
Potential Use: Commercial, Development, Multi-Family
Zoning: OTHER

Financial Considerations

Tax Year: 2020

Disclosures and Reports

Ownership: Fee Simple
Documents Avail.: Appraisal
Property ID: 17043120380000

Listed by Berkshire Hathaway HomeServices Chicago
Sold by Compass

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Listing agents

— 509 W Elm St —

Berkshire Hathaway HomeServices Chicago

(773) 726-8922

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Schools

Schools serving 509 W Elm St

School District:Chicago Public School District 299

Name	Grades	Distance
Ogden Elementary School 24 West Walton Street, Chicago, IL 60610	K-8	0.7 mi
Lincoln Park High School, Chicago, IL 2001 North Orchard Street, Chicago, IL 60614	9-12	1.1 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 509 W Elm St

Date

Details

Price

Change

Source

5/15/2023

Sold

$1,700,000

-12.82%

MLS

4/19/2023

Price Reduced

$1,950,000

-7.14%

MLS

7/05/2022

Price Reduced

$2,100,000

-12.5%

MLS

3/02/2022

Price Reduced

$2,400,000

-18.64%

MLS

10/06/2021

Listed

$2,950,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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509 W Elm Street, Chicago, IL 60610 (MLS# 11240670) is a Lots/Land property that was sold at $1,700,000 on May 15, 2023. Want to learn more about 509 W Elm Street? Do you have questions about finding other Lots/Land real estate for sale in Near North Side? You can browse all Near North Side real estate or contact a Coldwell Banker agent to request more information.

509 W Elm St Chicago, IL 60610