6046 S. Eberhart Ave.

Description:

KW Commercial is offering a rare chance to acquire two adjacent lots in the vibrant and rapidly developing Woodlawn neighborhood of Chicago. Each lot measures 25x125 feet, providing ample space for various development opportunities.

These lots are being sold together, making them an ideal investment for developers or individuals looking to build in a prime location.

 

Property Details: Address:

6046 S. Eberhart Ave., Chicago, IL

Parcel Identification Number (PIN): 20154020230000

Lot Size: 25x125 feet Address:

 

6050 S. Eberhart Ave., Chicago, IL

Parcel Identification Number (PIN): 20154020240000

Lot Size: 25x125 feet

Total Combined Lot Size: 50x125 feet

 

Location Highlights:

Close Proximity to the Green Line Train: These parcels are conveniently located near the Green Line train, providing easy access to downtown Chicago and other parts of the city. This makes it an attractive location for commuters and enhances the overall connectivity of the area.

Near the Obama Presidential Center: The lots are situated close to the future site of the Obama Presidential Center, which is expected to be a major cultural and economic catalyst for the area. This proximity is likely to drive up property values and attract further investment to the neighborhood.

Adjacent to the University of Chicago: The prestigious University of Chicago is just a short distance away, offering educational and cultural amenities. This location is ideal for students, faculty, and university staff seeking nearby housing options.

Thriving Community: The Woodlawn neighborhood is experiencing significant revitalization and development, making it a prime location for new projects. The community is rich in history and culture, with ongoing efforts to enhance its appeal and livability.

These parcels present a unique opportunity to invest in one of Chicago's most promising neighborhoods. Whether you are considering residential development or other ventures, the combination of these two lots provides a solid foundation for success. Don't miss out on this exceptional investment opportunity in the heart of Woodlawn. Contact us today for more information and to schedule a viewing.

 




Desirable Zoning:

RM-5 Zoning: The RM-5 zoning designation allows for higher-density residential development, including multi-family units. This provides flexibility for developers to maximize the use of the land and meet the growing demand for housing in the area.

 

Strategic Location:

Proximity to Green Line Train: Just a short walk to the Green Line train, offering convenient access to downtown Chicago and other key destinations. This makes the location highly attractive to commuters.

Near the Obama Presidential Center: The upcoming Obama Presidential Center is expected to be a major draw for tourists and a catalyst for local economic growth, significantly enhancing the value of nearby properties.

Close to University of Chicago: Being near one of the country's leading universities provides a steady demand for housing from students, faculty, and staff.

 

Rapidly Developing Neighborhood:

Woodlawn Revitalization: The Woodlawn neighborhood is undergoing significant revitalization, with new investments pouring into residential and commercial developments. This upward trend is expected to continue, providing potential for strong property value appreciation.

 

Large Combined Lot Size:

Total Lot Size of 50x125 feet: The combined lot size offers ample space for creative development options, including townhomes, apartment buildings, or mixed-use developments. The size and zoning flexibility make it possible to design a project that maximizes return on investment.

 

Strong Community and Amenities:

Local Amenities: The area boasts a variety of amenities including parks, restaurants, shops, and cultural attractions. These contribute to a high quality of life and attract a diverse range of residents.

Community Engagement: Active community organizations and local initiatives aimed at improving the neighborhood further enhance its attractiveness for new developments.

 

Market Demand:

High Demand for Housing: Chicago continues to see strong demand for housing, particularly in well-located neighborhoods with good transit access and amenities. These parcels are well-positioned to meet this demand, providing a lucrative opportunity for developers.