1721 75Th StChicago, IL 60649
- Other commercial real estate
- 0.21 AC
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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