Residential Development Land Zoned
For Sale
Contact for pricing
5028 S Throop Street, Chicago, IL 60609
Land, Chicago, IL
Property SizeContact for details
Days on Market130
Property Features for 5028 S Throop Street
General Information
Property type
Land
Property subtype
Other
Elementary school district
299
Middle school district
299
High school district
299
Directions
from i94 garfield exit head west on garfield then north on racine west on 50th st then south on throop st to property
Subdivision
CHI - New City
Standard status
Active
APN
20081290300000
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
429
Listing Agency:
A.R.E. Partners Inc.
(312) 300-7237
Listed By:
Antje Gehrken · License #471002284
(312) 339-7655
Added: Apr 16
Changed: Aug 20
Last Checked: Aug 23 at 4:06PM
MLS# 12621187
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This parcel is located in the New City community of Chicago in the 20th Ward and is zoned RS-3. The property is being sold in an AS IS / WHERE IS condition, with no representations or warranties, and the buyer is responsible for completing all due diligence regarding size, zoning, use, TIF availability, and any other relevant details.
The seller’s remarks indicate the property is in close proximity to a developing mixed commercial area tied to the 47th/Ashland TIF district, where multiple projects are reportedly ongoing. Public transit access is described as nearby CTA bus lines on 51st and along Ashland Avenue.
For builders and investors evaluating residential infill opportunities, the RS-3 zoning provides a clear starting point for determining feasibility and site planning. Prospective buyers should review zoning requirements and any potential TIF-related considerations as part of their underwriting and legal review, since offers will be subject to due diligence and attorney review.
The seller’s remarks indicate the property is in close proximity to a developing mixed commercial area tied to the 47th/Ashland TIF district, where multiple projects are reportedly ongoing. Public transit access is described as nearby CTA bus lines on 51st and along Ashland Avenue.
For builders and investors evaluating residential infill opportunities, the RS-3 zoning provides a clear starting point for determining feasibility and site planning. Prospective buyers should review zoning requirements and any potential TIF-related considerations as part of their underwriting and legal review, since offers will be subject to due diligence and attorney review.
Key Highlights
- Parcel in Chicago’s New City community, 20th Ward
- Zoned RS‑3
- Close to the 47th/Ashland TIF district area with multiple ongoing projects and mixed commercial use zoning nearby
Property Analytics
Property Profile
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 - Land parcel zoned RS-3, suited for residential development with access to CTA bus routes nearby.
Where is this residential land & home lot located?
The property is located at 5028 S Throop Street Chicago, IL.
What are key features of this property?
This property features: Parcel in Chicago’s New City community, 20th Ward; Zoned RS‑3; Close to the 47th/Ashland TIF district area with multiple ongoing projects and mixed commercial use zoning nearby
