1721 75Th StChicago, IL 60649

  • Other commercial real estate
  • 0.21 AC
For Sale
$125,000 View listing

Property Details for 1721 75Th St

Lot size
0.21 AC
Property type
Other commercial real estate
APN
20-25-302-004
APU
2025302004

Description

This exceptional 9,000+ square foot commercial lot presents a rare development opportunity in Chicago's vibrant South Shore neighborhood. Located at 1721 E 75th Street, this corner lot boasts a highly desirable location on a major commercial artery, East 75th Street, surrounded by mixed-use businesses. The property is zoned commercial and is equipped with existing water and electrical service, making it ready for immediate development. Its strategic position offers excellent visibility and accessibility. The site previously housed a landscape design company, providing a solid foundation for future projects. The area is experiencing significant growth, with several new developments underway, further enhancing the property's investment potential. Adding to its appeal, the property is conveniently located just one mile north of Jackson Park, the future home of the Obama Presidential Center, a project expected to significantly boost the area's economic activity and desirability. This is an unparalleled chance to acquire a substantial commercial lot in a rapidly developing area of Chicago, offering significant upside for the discerning investor. The property is situated in Cook County, Illinois, with a zip code of 60649. The asking price for this remarkable opportunity is $125,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,363,959
    Hospitality
    $3,081,368
    Educational
    $2,563,662
    Medical
    $2,651,830
    Retail
    $3,987,919
1721 75Th St, Chicago, Illinois

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.7585
Longitude
-87.5825
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$4,732
$20,576
$2,429
$23,005
-
$82,304
$9,716
$92,020

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