Exceptional development opportunity in the heart of South Shore. This expansive 40,453 SF parcel (250′ x 163′) is zoned RT-4 and offers outstanding potential for a luxury single-family residence, duplex development, or multi-unit residential project. Surrounded by mature trees and positioned on a beautiful residential block, the site is ideally located near the Obama Presidential Center, Lake Michigan, the 71st Street retail corridor, and the South Shore Cultural Center. Nestled near the historic Jackson Park Highlands neighborhood and amid ongoing new construction and investment activity, this property presents a compelling opportunity for developers, builders, and long-term investors alike. Convenient access to Lake Shore Drive, CTA transit, and the Metra Electric enhances appeal for future residents and supports strong long-term value. The seller is willing to divide the property into either ten 25′ x 163′ parcels or five 50′ x 163′ parcels, offering added flexibility for a range of development plans. A builder is also in place and available to assist with project execution if desired.
Property Details
Price:
$600,000
MLS #:
MRD12657831
Status:
Active
Beds:
0
Baths:
0
Type:
Land
Neighborhood:
chisouthshore
Listed Date:
May 26, 2026
Schools
School District:
299
Interior
Exterior
Financial
Tax Year
2024
Taxes
$1,232
Listing Agent & Office
Richard Lomax
Fulton Grace Realty
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7016 S EAST END Avenue
Chicago, IL


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