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532 E 61st Street

Chicago, IL 60637
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Acres0.00

Acre(Lot)

Prime Development Opportunity in rapidly redeveloping Woodlawn at 532-536 E. 61st St. Exceptional opportunity to acquire a large corner lot (approx. 19,175 sq. ft.), with 156 Feet of Frontage on 61st Street and 125 Feet on Rhodes, just steps from 383-acre Washington Park, and less than half a mile from the University of Chicago. With a Minimum Lot Area/Per Unit of 2,500 sq. ft. and current B2-1 zoning, the site is ideally suited for development. Per the City of Chicago Zoning Code: "17-3-0103-B The B2 district permits residential dwelling units on or above the ground floor." This zoning flexibility makes the property especially attractive for development. The seller is also offering a second large corner site at this intersection (MLS #12454285), presenting a rare chance to acquire two p rime development parcels in one of Chicago's most dynamic growth corridors. Highlights & Neighborhood Advantages: Excellent proximity to the University of Chicago South Campus and to the Obama Presidential Center. Unmatched CTA Green Line connectivity, offering direct access to IIT, the Loop, Fulton Market, United Center, and beyond. Strong market demand for housing near train-accessible sites. Surrounded by successful recent redevelopments, including the Jewel-Osco at 61st & Cottage Grove. Walkable to the University of Chicago campus, Logan Center, UChicago Medicine, Midway Plaisance, and two nearby Green Line stations. Just one mile from the Lakefront. With Woodlawn's revitalization well underway, this property offers tremendous potential for developers and community builders alike. Bring your vision and be part of Woodlawn's future.

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Detail Ic Property Details

Property Type : Land

Price : $295,000

AD Id : 66709823

MLS Id : MRD12454210

Lot Size : 0.00 Acre(Lot)

County : Cook

  • Map Map

Map

Feature Features

  • Water Source

    WaterSource: Municipal Water

  • Lot Information

    Lot Dimensions: 156.4 Frontage Lot Size: .25-.49 Acre

    Property Information

    Property Type: Land Sub Type: Land

  • Listing Price Information

    Original List Price:$295000

  • Tax Information

    Annual Tax: $5074 Tax Year: 2023 Parcel Number: 20154040350000 Tax Exemption: None

  • Parking Information

    Off Alley

  • Utility Information

    Electricity Nearby, Natural Gas Nearby, Water Nearby, Cable Available Water Source: Municipal Water
  • Location Information

    City: Chicago Direction: 61 Street at Rhodes. North East Corner, Multiple lots.
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Nearby Home Value

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6558 S Champlain Avenue, Chicago, IL, 60637 $28,500 -- -- -- 0.03 Acre(Lot)
6354 S Rhodes Avenue, Chicago, IL, 60637 $44,500 -- -- -- 0.07 Acre(Lot)
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ByOwner last updated this listing 06/09/2026 @ 18:20

MLS: MRED #12454210 LISTED BY: Wayne Beals, Exit Strategy Realty / EMA Management 312-767-0572 SOURCE: Midwest Real Estate Data LLC (MRED) (Listings courtesy of Midwest Real Estate Data LLC (MRED) as distributed by MLS GRID)

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