Description
Prime Washington Park development opportunity offering scale, flexibility, and park-front exposure. Zoned RM-5, this property features an approximately 8,000 sq ft main building plus a coach house with three on-site garage spaces, presenting potential for 6-9 residential units (buyer to verify). The main building is fully gutted and ready for redevelopment, with bright garden-level units and first-, second-, and third-floor units overlooking Washington Park-a strong draw for future tenants. Architectural plans for a 6-unit configuration are available, and the seller is willing to share plans with qualified buyers. Surrounded by ongoing new construction and redevelopment, this is an excellent opportunity for developers or investors seeking a value-add or repositioning project in a growing corridor with convenient access to transportation and neighborhood amenities. Sold as-is.
Details
| MLS # | 12594302 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1894 |
| Days On Site | 175 |
| Listing Provided By | Real Broker LLC | Rafay Qamar |
Features
| Bed(s) | 12 |
|---|---|
| Bath(s) | 8 |
| Garage | 3 |
| Basement | Y |
| Zoning | MULTI |
Interior
| Rooms Total | 24 |
|---|---|
| Heating | None |
Exterior
| Roof | Asphalt |
|---|---|
| Foundation Details | Stone |
| Construction Materials | Brick |
Parking
| Parking Features | No Garage, Yes, Garage Owned, Detached, Garage |
|---|---|
| Garage Spaces | 3 |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Sidewalks, Street Lights |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 11695.57 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60637 |
| Area | CHI Washington Park |
| Listing VS Median (in 60637) | |
Price: $550,000 low | high Med: $137,500 On site: 175 low | high Med: 66 | |
Market Activity 60637
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60637 |
| Area | CHI Washington Park |
| Listing VS Median (in 60637) | |
Price: $550,000 low | high Med: $137,500 On site: 175 low | high Med: 66 | |
