5546 S Wells Street Chicago, IL $ 30,000
5546 S Wells Street
$ 30,000
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5546 S Wells Street

Chicago, IL, 60621
$ 30,000
Baths0.0

Monthly Estimate*

$ 199

5546 S Wells Street, Chicago, IL 60621 - Image 1
5546 S Wells Street, Chicago, IL 60621 - Image 2
5546 S Wells Street, Chicago, IL 60621 - Image 3
Studio

Lots and Land for sale in Chicago, IL

for $30,000.

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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Lots and Land Contingent

Price

$ 30,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 619

Style

Multi-Family,Single Family

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12050625

Features
General
Utilities Gas Nearby Water to Site
Possession Closing
Zoning MULTI
Township South Chicago
Tax Year 2021
Current Use Multi-Family Single Family
Percent Ownership Fee Simple
County Cook
Property Type Land Land
Contingency Attorney/Inspection
Status Contingent
Directions 5500 South to Wells turn south to address
City Chicago
High School District 299
MLS Area CHI - Englewood
Waterfront Y/N N
Street Name Wells
Tax Annual Amount 619.37
Days on Market 1
Standard Status Active Under Contract
Middle/Junior School District 299
Elementary School District 299
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Exterior
Total Parking 0
Lot Dimensions 33 X 125
Road Surface Type Asphalt Dirt
Frontage Length 33
Frontage Type City Street
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Interior
Street Suffix Street
Total Baths 0
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* Excluded Features
List By
Mohall Commerical & Urban Development

Broker

moses@mohallcommercialud.com

Email

Affordability Calculator

$251
Per Month
79%
21%
0%
Monthly Principal & Interest
$199
Monthly Property Taxes
$52
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/8/2024$30,000 Listed Price

Map


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5546 S Wells Street, Chicago, IL, 60621 is a Lots and Land for sale at $30,000. 5546 S Wells Street is a studio with 0.0 baths. The property's zip code is 60621 which is in Chicago, IL