Residential Development
For Sale
Contact for pricing
5017 South Ada Street, Chicago, IL 60609
Vacant lot zoned RS-3 in Chicago’s New City community, offered in as-is condition.
Property Size3,125 SF
Price / SF$6.08
Days on Market116
Property Features for 5017 South Ada Street
General Information
Standard status
Active
Size
3,125 SF
Property subtype
Land
Zoning
RS-3
Taxes and HOA fees
Annual Taxes
$429
Listing Agency:
A.R.E. Partners Inc.
(773) 267-6887
Listed By:
Antje Gehrken · License #471002284
(773) 267-6887
Source:
Compass
Added: Apr 16
Changed: Aug 8
Last Checked: Jul 21 at 1:26AM
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 residential lot in the New City community of Chicago, offered for sale in as-is/where-is condition with no representations or warranties. The property is zoned RS-3 and includes approximately 3,125 square feet. Buyer should conduct all due diligence, including confirming size, zoning, and intended use, as well as any TIF-related availability and other governing details.
The lot is described as being in close proximity to mixed commercial-use zoning B3-2 in the 47th/Ashland TIF district, with several ongoing projects. It also has estimated access via CTA bus lines on 51st and nearby Ashland Avenue, and it is described as approximately a 10-minute drive to Kennedy King Community College. Offers are to reflect due diligence and attorney review through 4/19/24, with closing on or before 4/30/24.
The lot is described as being in close proximity to mixed commercial-use zoning B3-2 in the 47th/Ashland TIF district, with several ongoing projects. It also has estimated access via CTA bus lines on 51st and nearby Ashland Avenue, and it is described as approximately a 10-minute drive to Kennedy King Community College. Offers are to reflect due diligence and attorney review through 4/19/24, with closing on or before 4/30/24.
Key Highlights
- Vacant lot in Chicago’s New City community (20th Ward), zoned RS‑3
- 3125 sq. ft. vacant lot offered as‑is/where‑is with no representations or warranties
- Near mixed commercial zoning B3‑2 and located in the 47th/Ashland TIF district
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
953
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Vacant lot zoned RS-3 in Chicago’s New City community, offered in as-is condition.
Where is this residential land & home lot located?
The property is located at 5017 South Ada 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 lot in Chicago’s New City community (20th Ward), zoned RS‑3; 3125 sq. ft. vacant lot offered as‑is/where‑is with no representations or warranties; Near mixed commercial zoning B3‑2 and located in the 47th/Ashland TIF district
