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    7018 S Stony Island Ave Chicago, IL 60649

    For Sale
    $1,500,000

    Land - Chicago, IL

    Days on Market:
    59
    Last Refresh:
    Dec 13 at 3:06 pm

    Property Features for 7018 S Stony Island Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    APN
    20234240490000

    Building Details

    Architectural style
    Other

    Chicagoland Brokers Inc. (773) 745-1000 [email protected]

    Listing agent Maria Ovallos (773) 745-1000 License #475206182

    Listing date Oct 16, 2025

    MLS# 12497222 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Commercial Lots on Stony Island

    These two adjacent commercial lots, totaling 16,100 square feet, are located on Stony Island Avenue in Chicago, Illinois, near 71st Street. Situated on a high-traffic corridor, the lots offer exposure and accessibility. The location is minutes from the upcoming Obama Presidential Center and across from a Dunkin', gas station, and Starbucks. Major grocery stores and national retail brands are also nearby. A CTA bus stop is directly in front of the property, and the METRA station is within walking distance. The surrounding area includes service businesses and a high-density residential community. The zoning is C1-2. Both lots are sold as a package.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.5868212
    Latitude
    41.7671915

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    FAQs

    What type of property is this?
    Commercial land - High-traffic commercial lots near 71st Street and upcoming Obama Center.
    Where is this commercial land located?
    The property is located at 7018 S Stony Island Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - High-traffic location on Stony Island Avenue.; - Close proximity to the upcoming Obama Presidential Center.; - Located across from Dunkin', gas station, Starbucks, and major grocery stores.
    (773) 745-1000
    Request Owner's contact information
    7018 S Stony Island Ave Chicago, IL 60649
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    Chicago, IL 60649
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7018 S Stony Island Ave Chicago, IL 60649
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