Situated in the vibrant South Shore neighborhood, bordering the East Woodlawn area of Chicago, this land parcel offers an exceptional opportunity for investors seeking to capitalize on the momentum of development in the surrounding areas. The land parcels, located at 1409-1447 E 67th St., spans 60,256 SF and is zoned B3-3, making it ideal for a range of commercial and mixed-use developments. This parcel is great for investors aiming to take advantage of the ongoing revitalization of the South Shore and Woodlawn neighborhoods. 1409-1447 E 67th St | 60,256 SF, zoned B3-3. | Purchase Price - $3,315,000 Neighborhood Overview: South Shore and East Woodlawn The South Shore neighborhood has long been recognized for its proximity to Lake Michigan and its rich cultural heritage, but in recent years it has also become a focal point for redevelopment. Bordering East Woodlawn, another area experiencing substantial growth, this land parcel is strategically positioned to benefit from the investments and developments taking place on Chicago's South Side. Proximity to Major Developments: The parcel is located near key development sites, including the Obama Presidential Center in Jackson Park, which is expected to bring increased foot traffic and economic activity to the area. Mixed-Use Potential: The B3-3 zoning allows for the construction of community shopping districts with a mix of commercial, retail, and residential spaces, which is ideal for developers looking to create dynamic, multi-use environments. Growing Investment Appeal: The area has seen a surge in both private and public investment, making it an attractive location for investors looking for high-potential areas in Chicago. Positive Economic Indicators for South Shore: Development Growth: The South Shore and surrounding areas have seen a steady increase in property values and development activity. Projects such as the Obama Presidential Center are expected to drive further economic growth and increase demand for both residential and commercial real estate. Transportation Access: With its proximity to key public transportation routes, including the South Shore Metra line and several CTA bus routes, this parcel offers easy access to downtown Chicago and other significant business districts. Residential Demand: The area is becoming more popular with young professionals and families, driving up the demand for new housing and mixed-use developments that combine retail, dining, and living spaces.
