Positioned in the heart of Englewood, the vacant lot at 5546 S Wells St, Chicago, offers a remarkable development opportunity for visionary real estate developers. This 4,725 sq ft parcel is zoned RS-3, allowing for diverse residential projects including single-family homes, duplexes, and low-density constructions. The area is currently experiencing revitalization, marked by recent nearby developments that highlight the neighborhood's potential for growth and enhancement. Strategically located, this property is within a short distance of the CTA Red Line and Midway Airport, ensuring excellent connectivity to major city hubs and convenience for future residents. The proximity to these significant transport arteries enhances the appeal of the site, making it an attractive investment for both residential and potentially mixed-use developments. Englewood itself is an area poised for growth, with several new projects in the pipeline indicating a positive trajectory in real estate development. The lot's urban setting and the neighborhood's ongoing transformation present a unique chance to contribute to and benefit from Englewood's resurgence. For developers looking to make a significant impact in a revitalizing area, this property offers the perfect ground to cultivate a thriving community-oriented project, leveraging its location and the neighborhood's developmental momentum.
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Property Details
Utilities
Heating
Cooling
Water
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Additional Information
Schools
District 299
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Listing History
04-27-2024
Listed at $30,000
05-03-2024
Status changed to Under Contract
05-08-2024
Status changed to Cancelled
Last Modified 5/8/24 10:44 AM
Nearby Transportation
Bus 59
< 0.1 mi
Bus 24
< 0.1 mi
Bus 55
0.1 mi
Bus 29
0.3 mi
Bus 51
0.6 mi
Bus 15
0.6 mi
Bus 8
0.7 mi
Bus 3
0.8 mi
Bus 63
0.9 mi
Bus 4
1.1 mi
Bus 47
1.1 mi
Bus 43
1.1 mi
Bus 44
1.2 mi
Red Line
0.2 mi
Green Line
0.7 mi
I 90 East
0.1 mi
I 94 East
0.1 mi
I 90 West
0.2 mi
I 94 West
0.2 mi
I 55 North
3.6 mi
I 55 South
3.6 mi
For More Information
(312) 528-9200
For more information about 5546 S Wells, Chicago, IL 60621 contact Corcoran Urban Real Estate.
Broker Reciprocity
Listing provided by MoHall Commerical & Urban Development
All information provided is deemed reliable but is not guaranteed and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Real estate listings held by brokerage firms other than Urban Real Estate are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
