Moses Hall
MoHall Commerical & Urban Development
312-826-9925
Positioned in the heart of Englewood, the vacant lot at 5546 S Wells St, Chicago, offers a remarkable development opportunity for visionary real estate developers. This 4,725 sq ft parcel is zoned RS-3, allowing for diverse residential projects including single-family homes, duplexes, and low-density constructions. The area is currently experiencing revitalization, marked by recent nearby developments that highlight the neighborhood's potential for growth and enhancement. Strategically located, this property is within a short distance of the CTA Red Line and Midway Airport, ensuring excellent connectivity to major city hubs and convenience for future residents. The proximity to these significant transport arteries enhances the appeal of the site, making it an attractive investment for both residential and potentially mixed-use developments. Englewood itself is an area poised for growth, with several new projects in the pipeline indicating a positive trajectory in real estate development. The lot's urban setting and the neighborhood's ongoing transformation present a unique chance to contribute to and benefit from Englewood's resurgence. For developers looking to make a significant impact in a revitalizing area, this property offers the perfect ground to cultivate a thriving community-oriented project, leveraging its location and the neighborhood's developmental momentum.
Lot Dimensions: 33 X 125
Lot Size: Less Than .25 Acre
Property Type: Land
Sub Type: Land
Original List Price: $30000
Annual Tax: $619.37
Tax Year: 2021
Parcel Number: 20162020570000
Tax Exemption: None
Gas Nearby, Water to Site
City: Chicago
Direction: 5500 South to Wells turn south to address
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
538 W 61st Street, Chicago, IL,60621 | $36,800 | -- | -- | -- | -- |
5730 S May Street, Chicago, IL,60621 | $29,800 | -- | -- | -- | -- |
6738 S Green Street, Chicago, IL,60621 | $5,000 | -- | -- | -- | 0.07 Acre |
6804 S Emerald Avenue, Chicago, IL,60621 | $5,000 | -- | -- | -- | 0.11 Acre |
6813 S Emerald Avenue, Chicago, IL,60621 | $5,000 | -- | -- | -- | 0.08 Acre |
7337 S Stewart Avenue, Chicago, IL,60621 | $5,000 | -- | -- | -- | 0.06 Acre |
5536 S State Street, Chicago, IL,60621 | $26,500 | -- | -- | -- | 0.25 Acre |
5751 S Lowe Avenue, Chicago, IL,60621 | $20,000 | -- | -- | -- | -- |
450 W 60th Place, Chicago, IL,60621 | $325,000 | 3 | 2 | 1,373 | 0.0964 Acre |
7144 S Wentworth Avenue, Chicago, IL,60621 | $65,000 | 4 | 2 | -- | 0.07 Acre |
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Based on information submitted to the MLS GRID as of 05/30/2024 @ 06:20. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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ByOwner last updated this listing 05/30/2024 @ 06:20
MLS: MRED #12050625
LISTED BY: Moses Hall, MoHall Commerical & Urban Development
SOURCE: Midwest Real Estate Data LLC (MRED)
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.