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Listed by Anthony Hardyof Keller Williams ONEChicago
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Est. payment | /mo
13,283 SqFt
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Est. payment | /mo
13,283 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 13,283 sqft
MLS Listing ID 12570303
Year Built 1913
Annual Tax Amount $42,555
Tax Year 2024
Lot Dimensions 6,900
Property Sub-Type Mixed Use
Property Description
Pleased to present 1471 E 67th St, Chicago, IL 60637-a vacant mixed-use retail and residential asset being offered for redevelopment/land value. The property is fully vacant and currently configured with 7 commercial units, 12 studio apartments, and 4 one-bedroom apartments. The retail and residential portions require a full renovation, creating a clear value-add path to reposition the building and restore the apartments as income-producing units. Neighborhood Overview: South Shore & East Woodlawn South Shore-bordering the fast-evolving East Woodlawn corridor-has become a key target for South Side reinvestment due to its lakefront proximity, strong neighborhood identity, and accelerating development pipeline. Proximity to Major Developments: Located near Jackson Park and the Obama Presidential Center, positioning the site to benefit from increased foot traffic, visibility, and long-term economic lift. Mixed-Use Upside: B3-3 zoning supports community shopping districts and encourages a blend of commercial and residential uses, ideal for developers pursuing modern mixed-use concepts. Rising Investment Momentum: The submarket is seeing increased public and private investment, strengthening the long-term fundamentals for redevelopment plays. Positive Economic Indicators for South Shore Development Activity: Continued neighborhood investment and nearby catalytic projects are expected to support value growth and future demand for both housing and neighborhood-serving retail. Transit Connectivity: Excellent access via the South Shore Metra line and multiple CTA bus routes, providing efficient connections to downtown and major employment nodes. Residential Demand Tailwinds: Growing interest from professionals and families is increasing demand for quality housing-supporting mixed-use projects that integrate retail, services, and residential living.
Location
State IL
County Cook
Zoning COMMR
Interior
Cooling None
Fireplace N
Exterior
View Y/N true
Building
Structure Type Brick,Block
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