5827 S Prairie Avenue, Chicago IL 60637
$47,500

Property Description

Calling all Investors/Developers!!! Vacant land lot available for your new construction, zoned for multi-family. Near Washington Park, University of Chicago and a new landmark and historic civic destination soon to be Obama Presidential Center. Close to public transit, hospital, grocery and shopping. Drive by today and make your offer!

Listed by LaDenna Washington for Keller Williams Preferred Rlty | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of . 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.

Features & Information

Key Details

  • List Price $47,500
  • Property Taxes $1,379.94
  • Acreage 0.09
  • Lot Dimensions 25 X 165
  • Buyer's Agent Commission 2.0%
  • Status Active

Schools

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

Location

  • General Information Commuter Bus,Commuter Train,Interstate Access,Historical District
  • County Cook
  • Township Hyde Park
  • Corporate Limits Chicago
  • Directions to Property North/south To 59th Street To Prairie North To Lot. Land On East Side Of Street
  • Property Taxes

  • Tax $1,379.94
  • Tax Year 2021
  • Tax Exemptions None
  • Parcel Identification Number 20151230060000

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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