6617 South Ashland Avenue

Chicago, IL 60636

$450,000

List Price

Land

Type

Description

Shovel-ready development parcel on South Ashland Avenue in the Englewood/West Englewood opportunity zone. This 125x125-foot cleared lot totaling approximately 15,625 sq ft offers incredible development potential in a Chicago Opportunity Zone with significant tax incentives available to qualified investors. B3-1 zoning allows for a variety of commercial, retail, mixed-use, or multi-family development. Utilities are at the lot line. This is an ideal site for a neighborhood retail strip, multifamily building, or community-oriented development. The location benefits from strong transit access via the nearby CTA Red and Green Lines.

Features & Amenities

Chicago Opportunity Zone — tax incentives

B3-1 Commercial Zoning

Cleared, shovel-ready parcel

15,625 sq ft (125 x 125 ft)

Utilities at lot line

CTA Red & Green Line access nearby

Multi-family or mixed-use development

No structures to demolish

Strong neighborhood transit corridor

Seller may consider financing

Property Details

Lot Size125 x 125 ft (approx. 15,625 sq ft)

MLS #12305521

Days on Market30

Property Taxes$5,200/yr

Vasia's Note

A Chicago Opportunity Zone development parcel this size at this price is rare. The tax incentives can dramatically improve project ROI for qualified investors.