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Corner Residential Development Lot

501 W 44th Place, Chicago, IL 60609

For Sale
$120,000

Corner lot zoned RT-4, offering flexibility for building a home or a 2–4 unit investment property.

Property SizeContact for details
Days on Market114

Property Features for 501 W 44th Place

General Information

Standard status Active
Property subtype Unimproved Land
Zoning RT-4

Site & Location

Neighborhood Canaryville
Highway Access Yes

Amenities

Electricity Nearby, Natural Gas Nearby, Sewer Nearby, Water Nearby
Listing Agency: Keller Williams Chicago ONEChicago
Listed By: Mike Saladino
Source: Kw
Added: Jul 24 Changed: Oct 31 Last Checked: Nov 12 at 12:50PM

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 Keller Williams Chicago ONEChicago

Rey
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Investment Insights

Based on property information with market context.

This corner lot at 501 W 44th Place is available for sale and is zoned RT-4. The property’s corner configuration can support a range of residential layouts, whether you’re planning a single-family home or a 2–4 unit investment property.

The location provides access to schools, parks, the public library, the expressway, and public transportation.

Prospective buyers are encouraged to verify zoning and development details with the City of Chicago.

Key Highlights

  • Corner lot at 501 W 44th Place in Chicago
  • Zoned RT‑4, allowing for a home or a 2–4 unit investment property (buyer to verify details with the City of Chicago)
  • Corner lot location provides extra design flexibility for single‑family or multi‑unit development

Property Analytics

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Open Analytics

Suggested Use

Top Pick Law Firm Real Estate Agency Bakery Skin Care Clinic (Bike/Boat/Book/etc) Store Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

545
Businesses Nearby

Demographics for 60609, IL

65,770
Population
26,122
Households
2.5
Avg Household Size
34
Median Age
20%
College-Educated
76%
High-School Grad
7.7 sq mi
ZIP Area
8,542
Density / Sq Mi
$54,142
Median Household Income
$37,694
Median Earnings
$1,070
Median Rent
$251,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Corner lot zoned RT-4, offering flexibility for building a home or a 2–4 unit investment property.
Where is this residential land & home lot located?
The property is located at 501 W 44th Place Chicago, IL.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: Corner lot at 501 W 44th Place in Chicago; Zoned RT‑4, allowing for a home or a 2–4 unit investment property (buyer to verify details with the City of Chicago); Corner lot location provides extra design flexibility for single‑family or multi‑unit development
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