7016 S East End Avenue,Chicago, IL 60649
Chicago, IL 60649
Description
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.
Details
| MLS # | 12657831 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 108 |
| Listing Provided By | Fulton Grace Realty | Richard Lomax |
Features
| Zoning | MULTI |
|---|---|
| Acreage | 0.93 |
Utilities
| Utilities | Electricity Nearby, Natural Gas Nearby, Sewer Nearby, Water Nearby |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 1232.19 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60649 |
| Area | CHI South Shore |
| Listing VS Median (in 60649) | |
Price: $600,000 low | high Med: $87,500 On site: 108 low | high Med: 88 | |
Market Activity 60649
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60649 |
| Area | CHI South Shore |
| Listing VS Median (in 60649) | |
Price: $600,000 low | high Med: $87,500 On site: 108 low | high Med: 88 | |
