Chicago, IL 60649
$600,000
Mark Quesada
Broker / Owner
LIC #475144827
Exceptional development opportunity in the heart of South Shore. This expansive 40,453 SF parcel (250' x 163') is zoned RT-4 and offers outstanding potential for a luxury single-family residence, duplex development, or multi-unit residential project. Surrounded by mature trees and positioned on a beautiful residential block, the site is ideally located near the Obama Presidential Center, Lake Michigan, the 71st Street retail corridor, and the South Shore Cultural Center. Nestled near the historic Jackson Park Highlands neighborhood and amid ongoing new construction and investment activity, this property presents a compelling opportunity for developers, builders, and long-term investors alike. Convenient access to Lake Shore Drive, CTA transit, and the Metra Electric enhances appeal for future residents and supports strong long-term value. The seller is willing to divide the property into either ten 25' x 163' parcels or five 50' x 163' parcels, offering added flexibility for a range of development plans. A builder is also in place and available to assist with project execution if desired.
Adjust the numbers to explore the cost of this home. Nothing is saved.
$4,509/mo
Estimate only. Not a loan offer, pre-approval, or commitment to lend. Taxes, insurance, and HOA are estimates that may differ from actual figures. Contact a licensed lender for a personalized quote.
Pick a day and time — Mark will confirm your private tour.
Listed by Richard Lomax, Fulton Grace Realty
MLS# MRD12657831 · Active
History reflects records reported to the MLS and may be incomplete.