For Sale
$1,099,000

545 Oakwood BlvdChicago, IL 60653

Chicago Land - 48 Unit Potential

Overview

Added:
Dec 11, 2024
Days on market:
118
Exceptional development opportunity in Chicago's Bronzeville, situated on the future Bronzeville Trail, offering direct access to the city's lakeshore. This prime 20,862 sq ft lot, the former Holy Angels School site, is zoned for 48 market-rate residential units (a mix of one- and two-bedroom apartments) with 11 parking spaces. Plans are fully approved by the Zoning Board of Appeals (ZBA) under Transit-Oriented Development (TOD) zoning. The property enjoys a convenient location near Mariano's and other key amenities in a rapidly growing area. A completed Phase 1 Environmental Study is available. The deadline for building permit submission is June 2025. This is a rare chance to capitalize on a transformative urban project and create a thriving residential community. The asking price is $1,099,000. The property is owned by an LLC.

Highlights

  • $1,099,000 asking price for 20,862 sq ft land parcel.
  • Prime development site on the future Bronzeville Trail with direct lakeshore access.
  • Located in a rapidly growing area near Mariano's and other amenities.
  • Zoned for 48 market-rate units (one- and two-bedroom mix) with 11 parking spaces; ZBA-approved plans.
  • Building permit submission deadline: June 2025; Phase 1 Environmental Study complete.

Property Details for 545 Oakwood Blvd

Property type
Land

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.8223971
Longitude
-87.6125535
545 Oakwood Blvd, Chicago, Illinois

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545 Oakwood Blvd
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