This Land Property is no longer advertised on LoopNet.com.

5546 Wells st
Chicago, IL 60621

Vacant Land For Development · Land For Sale · 0.08 AC

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.

PROPERTY TAXES

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