1510 E 67th Street
Chicago, IL, 60637
$389,900
Beds
0 Baths
0 SqFt
0.28 Acres
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$389,900
1510 E 67th Street
Chicago, IL, 60637
MLS #MRD12283811 image #0MLS #MRD12283811 image #1MLS #MRD12283811 image #2MLS #MRD12283811 image #3MLS #MRD12283811 image #4MLS #MRD12283811 image #5
Multi-million-dollar investment opportunity for a savvy and capable developer looking to break ground in Chicagoland’s smoking hot Woodlawn neighborhood! Located less than a mile away from the Obama Presidential Center, this sizable lot is prime for development! Totaling .29 acres or 12,687 square feet! Zoned B3-3 allowing for both residential and commercial development (Residential apartments are permitted above the ground floor)! This lot has enough square footage to build 8-12 residential rental or condo units on top of the first level commercial space. Residential rental units are valued at approximately $90,000 per unit and condos with at least 2-bathrooms are selling for $250,000+ within a half mile radius of the subject property! With the right development strategy and the continuing upward trends in this neighborhood, there is a $4M – $5M valuation to be achieved! As a result of this lot being zoned B3-3, a retail building should be developed and residential apartments or condo units should be built on top of the commercial structure to achieve maximum upside). A laundromat/cleaners combo would be an excellent proposed use of the commercial space as mid-sized laundromats have the potential to net $10,000 – $25,000 in monthly profit! Proximity to the University of Chicago, public transportation, and the LakeFront! ***Fun facts, Chicago broke ground on the Obama Presidential Center on 9.28.21 and a similar larger lot just a few blocks away located at 1318 E 67th St, Chicago, IL 60637 sold 9.19.22 for $975,000, (MLS#11292420)*** Please act swiftly as this opportunity will not last long!

Property Details

Price:
$389,900
MLS #:
MRD12283811
Status:
Active
Beds:
0
Baths:
0
Type:
Land
Neighborhood:
CHI – Woodlawn
Listed Date:
Feb 4, 2025
Chi – WoodlawnChi – Woodlawn

Schools

School District:
299

Interior

Exterior

Financial

Tax Year
2022
Taxes
$2,298
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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Current real estate data for Land in Chicago as of Sep 02, 2025
912
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488
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Property Summary

    1510 E 67th Street Chicago IL is a Land for sale in Chicago, IL, 60637. It is listed for $389,900 and features 0 acres. To schedule a showing of MLS#mrd12283811 at 1510 E 67th Street in Chicago, IL, contact your Compass / The Debra Dobbs Group agent at 3123074909.
1510 E 67th Street
Chicago, IL