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Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 12702751
Annual Tax Amount $188
Tax Year 2024
Lot Dimensions 25X125
Property Sub-Type Land
Property Description
**Prime Development Opportunity - 7221 S. Sangamon St., Chicago, IL 60621** Don't miss this opportunity to acquire a **standard Chicago lot measuring approximately 25' x 125'** in the rapidly evolving Englewood community. Zoned **RS-3**, this parcel offers an excellent opportunity for builders, developers, and owner-occupants looking to construct a new single-family residence in an area experiencing continued investment and revitalization and have sold for over $400k. The neighborhood is benefiting from ongoing public and private investment, with numerous rehabilitation projects and new residential construction throughout the surrounding area. Recent fully renovated two-flats have sold in the **low-to-mid $400,000s**, demonstrating strong buyer demand for quality housing, while additional renovated and income-producing two-unit properties are actively being marketed from the **mid-$300,000s to nearly $500,000**, depending on size, finishes, and condition. Conveniently located near major transportation corridors, Kennedy-King College, parks, schools, and neighborhood amenities, this property is positioned within a community that continues to attract developers seeking affordable land with significant upside potential. The nearby Englewood Nature Trail and other community redevelopment initiatives are further contributing to the area's long-term growth and appeal. Whether you're looking to build your next home, add to your investment portfolio, or capitalize on one of Chicago's emerging neighborhoods, **7221 S. Sangamon** offers an exceptional opportunity to invest in the future of Englewood.
Location
State IL
County Cook
Area Chi - Englewood
Zoning SINGL
Interior
Fireplace N
Exterior
Utilities Available Electricity Nearby, Natural Gas Nearby, Sewer Nearby, Water Nearby
Building
Dwelling Type Land
Sewer Public Sewer
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition Standard
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Listed by David Thomas of Blue Door Dave Inc