5546 Wells st
Chicago, IL 60621
Vacant Land For Development · Land For Sale · 0.08 AC
![5546 Wells st, Chicago, IL for sale - Primary Photo - Image 1 of 1](https://images1.loopnet.com/i2/leS0BJlrRIJFynUFAgbcJh5DABdBWa3C2BbsjKK9cEw/110/5546-Wells-st-Chicago-IL-Primary-Photo-1-Large.jpg)
INVESTMENT HIGHLIGHTS
- Generous lot size of 4,725 square feet
- Nearby expressway offers access to the city's downtown core
- Zoning designated as RS-3,
PROPERTY FACTS
Property Type | Land |
Property Subtype | Residential |
Total Lot Size | 0.08 AC |
DESCRIPTION
Positioned in the heart of Englewood, the vacant lot at 5546 S Wells St, Chicago, offers a remarkable development opportunity for visionary real estate developers. This 4,725 sq ft parcel is zoned RS-3, allowing for diverse residential projects including single-family homes, duplexes, and low-density constructions. The area is currently experiencing revitalization, marked by recent nearby developments that highlight the neighborhood's potential for growth and enhancement. Strategically located, this property is within a short distance of the CTA Red Line and Midway Airport, ensuring excellent connectivity to major city hubs and convenience for future residents. The proximity to these significant transport arteries enhances the appeal of the site, making it an attractive investment for both residential and potentially mixed-use developments. Englewood itself is an area poised for growth, with several new projects in the pipeline indicating a positive trajectory in real estate development. The lot's urban setting and the neighborhood's ongoing transformation present a unique chance to contribute to and benefit from Englewood's resurgence. For developers looking to make a significant impact in a revitalizing area, this property offers the perfect ground to cultivate a thriving community-oriented project, leveraging its location and the neighborhood's developmental momentum.
LINKS
PROPERTY TAXES
Parcel Number | 20-16-202-057-0000 | Improvements Assessment | $0 |
Land Assessment | $1,418 | Total Assessment | $1,418 |
ZONING
Zoning Code | RS-3 (Detached single family homes and two-flats.) |
Listing ID: 29422043
Date on Market: 9/1/2023
Last Updated:
Address: 5546 Wells st, Chicago, IL 60621
The Englewood Land Property at 5546 Wells st, Chicago, IL 60621 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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