Chicago, IL 60653,516 E Oakwood BLVD

$1,125,000

$1,221,000

7.9%
Est.Price: ?

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Est. payment /mo

0.74 Acres Lot


SOLD DATE : 08/01/2024

Key Details

Sold Price $1,125,000

Property Type Vacant Land

Sub Type Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12055578

Sold Date 08/01/24

Annual Tax Amount $9,867

Tax Year 2022

Lot Size 0.740 Acres

Lot Dimensions 211 X 159.11 X 180.70 X 156.25

Property Sub-Type Land

Property Description

Prime Opportunity in Bronzeville Neighborhood: 7 Vacant Lots for Experienced Investors Nestled in the heart of Bronzeville, this prime parcel of vacant land presents a golden opportunity for seasoned investors looking to create stunning new developments. Comprising seven spacious lots totaling 32,136 square feet, this offering is primed for the construction of elegant apartments, charming rowhomes, or luxurious single-family residences. Strategically located mere steps away from a vibrant array of amenities, this property boasts proximity to renowned establishments such as Mariano's, Chicago Home of Chicken and Waffles, and Pearls Place. Additionally, it stands adjacent to the historic Monumental Baptist Church and the revered Light of Truth Ida B. Wells National Monument, enriching the area with cultural significance. Convenience is key, as residents will enjoy easy access to leisurely strolls along Lake Shore Drive and the nearby Oakwood/41st Street Beach. Culinary delights await just a short five-minute drive away at Pier 31 Restaurant, while major transportation arteries, including the I-90/94 expressway, are conveniently reachable within a mere ten-minute drive. With its unbeatable location and boundless potential, this vacant land in Bronzeville promises an exceptional investment opportunity for those with the vision to bring new life and prosperity to this historic neighborhood. Land is currently being separated into separate lots.

Location

State IL

County Cook

Area Chi - Grand Boulevard

Zoning MULTI

Interior

Fireplace N

Exterior

Utilities Available None

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

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Midwest Real Estate Data (MRED) IDX
Listed by Paulette Edwards • Coldwell Banker Realty
Bought with Karen Biazar • North Clybourn Group, Inc.
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