1471 E 67th St Redevelopment Opportunity

Description:

Midwest Investment Advisors with KW Commercial and Keller Williams ONEChicago is 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.