7639 S Racine Avenue Active

Chicago,IL 60620

$ 149000

- Bed

- Bath

- SqFt


Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12151455

Annual Tax Amount $24,967

Tax Year 2023

Lot Dimensions 124.45*223.6*124.5*223.6

Property Description

With 8 parcels of land and utilities already in place, the possibilities for development of this commercial space are virtually endless. Developing a commercial space in an underserved community can be an excellent opportunity to provide much-needed services and support to the local population. Some ideas for services are listed below. Develop a grocery store in a food desert. Develop medical clinics or hospitals that offer quality healthcare services to the community. Build schools or educational centers that provide access to education and vocational training for people in the community. Develop affordable housing options for low-income families and individuals who are struggling to find suitable housing. Develop community centers that offer a range of services, including after-school programs, sports facilities, and job training programs. Develop commercial spaces for local businesses to help stimulate economic growth and create jobs in the community. Use the land to construct commercial buildings for businesses like offices, retail stores, or restaurants. Develop a mixed-use space: Combine commercial buildings with residential apartments or condos to create a mixed-use space that offers the best of both worlds. Use the land to construct a shopping center with multiple retail stores, restaurants, and entertainment venues. The possibilities are truly endless. With utilities already in place, this property is ready for development, and the potential for growth and profitability is immense. Please call for more information. Please note these properties must be sold as a package. The seller will not break up the parcels. There are a total of 8 parcels . The addresses are from7639 S Racine to 7659 S Racine .

Location

State IL

County Cook

Interior

Cooling None

Fireplace N

Exterior

Utilities Available Electric to Site,Gas to Site,Water to Site

View Y/N true

Schools

School District 299,299,299

Others

Ownership Fee Simple

Special Listing Condition Standard

View More
Favorite Go Tour