5520 - 5524 South Perry, Chicago IL 60621
$42,000

Property Description

Location, Location, Location! Excellent opportunity to build on this double lot in the Washington Park community! Located in the Washington Park TIF district, funds may be available for acquisition and development! Near I90 & I94 expressways, near public transportation hub and shopping. Only minutes from the Obama Presidential Library (under construction), DuSable Museum in Washington Park and the University of Chicago campus and hospital complex! Lots can be sold separately or combined with a portfolio of other properties in same area.

Features & Information

Key Details

  • List Price $42,000
  • Property Taxes $616.48
  • Lot Dimensions 50X83
  • Buyer's Agent Commission $1000
  • Status Pending

Schools

  • Elementary School District 299
  • Junior High District 299
  • High School District: 299

Location

  • General Information None
  • County Cook
  • Township Lake
  • Corporate Limits Chicago
  • Directions to Property East Or West On Garfield Blvd. To Perry Ave. South To Property.
  • Property Taxes

  • Tax $616.48
  • Tax Year 2021
  • Tax Exemptions None
  • Parcel Identification Number 20162050220000

Listed by Alice Germane for Prospect Equities Real Estate | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 6/18/2024 7:02 PM. All data is obtained from various sources and may not have been verified by 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.

Explore Washington Park

For now Chicago's Washington Park neighborhood may be a predominantly residential south side community with a sprawling public park and rich culture of African-American heritage, however, as the potential site of the Olympic Stadium for the 2016 Summer Games, this modest neighborhood could really make its mark in the near future. Remnants of the last century's architectural movement are found throughout the area, with a wave of new designs and gut rehabs dusting the streets as well. As Olympic talk heightens, developers and city officials are anticipating the impact such a huge event would have on Washington Park. Temporary athlete lodgings and the massive 80,000-seat arena would only be around for a short period, but the hope is that a surge of new businesses would ride in on the coattails of this once-in-a-lifetime opportunity to bolster the Washington Park neighborhood for decades to come. The current commercial base is slight, with a few soul food mainstays and Chinese takeout, but the annual cultural festivals and fun Park District programs keep things on the up as Washington Park awaits an impending transformation of Olympic proportions.

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