Vacant Land Development
For Sale
Contact for pricing
Pending
5534 South Elizabeth Street, Chicago, IL 60636
Vacant residentially zoned lot offered in AS-IS/WHERE-IS condition for buyer due diligence and development planning.
Property Size3,125 SF
Days on Market935
Property Features for 5534 South Elizabeth Street
General Information
Standard status
Pending
Size
3,125 SF
Property subtype
Land
Zoning
RS-3
Taxes and HOA fees
Annual Taxes
$408
Listing Agency:
A.R.E. Partners Inc.
(773) 267-6887
Listed By:
Antje Gehrken · License #471002284
(773) 267-6887
Source:
Compass
Added: Jan 18, 2024
Changed: Aug 8
Last Checked: Apr 17 at 7:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of A.R.E. Partners Inc.
Investment Insights
Based on property information with market context.
This is a vacant, blank-slate land parcel available for sale in AS-IS/WHERE-IS condition, with no representations or warranties. The property is offered for buyers to conduct all due diligence, including verifying lot size, zoning, intended use, and TIF availability.
The lot is located in Chicago’s 16th Ward and is zoned RS-3. Public remarks also reference proximity to mixed commercial development activity in the 47th/Ashland TIF district and multiple ongoing projects. Access to CTA bus lines is noted along 51st and near Ashland Ave. An estimated 10-minute drive to Kennedy-King Community College is also cited.
All offers are subject to due diligence and attorney review to occur through 4/19/24, with closing on or before 4/30/24. Buyers should confirm all details independently prior to submitting an offer.
The lot is located in Chicago’s 16th Ward and is zoned RS-3. Public remarks also reference proximity to mixed commercial development activity in the 47th/Ashland TIF district and multiple ongoing projects. Access to CTA bus lines is noted along 51st and near Ashland Ave. An estimated 10-minute drive to Kennedy-King Community College is also cited.
All offers are subject to due diligence and attorney review to occur through 4/19/24, with closing on or before 4/30/24. Buyers should confirm all details independently prior to submitting an offer.
Key Highlights
- Vacant, blank‑slate property in Chicago’s New City (16th Ward).
- Zoned RS‑3 for residential use.
- 3125 sq. ft. property offered for buyer due diligence and development planning.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
946
Businesses Nearby
Explore this area
Business Placement
Demographics for 60636, IL
34,800
Population
14,363
Households
2.4
Avg Household Size
35
Median Age
11%
College-Educated
78%
High-School Grad
3.9 sq mi
ZIP Area
8,923
Density / Sq Mi
$35,077
Median Household Income
$30,411
Median Earnings
$1,135
Median Rent
$150,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Vacant residentially zoned lot offered in AS-IS/WHERE-IS condition for buyer due diligence and development planning.
Where is this residential land & home lot located?
The property is located at 5534 South Elizabeth Street Chicago, IL.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: Vacant, blank‑slate property in Chicago’s New City (16th Ward).; Zoned RS‑3 for residential use.; 3125 sq. ft. property offered for buyer due diligence and development planning.
