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5715 S Calumet Avenue Chicago, IL 60637 • Land - Farm • Active

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Description

Multi Site Portfolio Opportunity - This lot is a Prime RM-5 Development Opportunity - Oversized 66' x 178' (11,748 SF) cleared lot with no demolition required. Offering strong multifamily density potential. Preliminary plans drafted for two (2) 3-story buildings totaling 12 units (plans not approved). Ideal for developers-build as designed or maximize density under current zoning. Builder available to assist with any full design/build execution. Sold as-is, where-is. Buyer to verify zoning, plans, and approvals. Portfolio / Opportunity: This Property is part of a multi-lot scattered-site portfolio across the Washington Park and West Woodlawn neighborhoods. Preliminary planning and diligence completed for a proposed 33-unit multifamily scattered site development (plans not approved). Ideal for investors seeking scale in a rapidly developing corridor, with flexibility to execute the current concept or optimize density. Builder and contractor team in place for streamlined execution.

Property Highlights

Property Type: Land - Farm
Total Acres: 0.27 Acres
Utilities: None

General Information

County: Cook
Listed By:
Home One Realty 708-214-6425
MRED MLS
$159,900
Est. $1,090/mo
New to the Market Active
LOT SIZE 0.270 acres MLS#12626614
STATUSActive PROPERTY TYPELand - Farm SCHOOLDistrict 299
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Melissa Bowman
 (309) 714-7018

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5715 S Calumet Avenue, Chicago, IL 60637.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $159,900$159,900$159,900
Down Payment $31,980$5,597$39,975
Monthly Mortgage Amount $767$941$980
Taxes $223$223$223
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$70$0
Monthly Estimated Total $1,090$1,334$1,303

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