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Woodlawn Buildable Lot Opportunity
For Sale
$120,000

6413 S Drexel Avenue, Chicago, IL 60637

Land, Chicago, IL

Property SizeContact for details
Days on Market165

Property Features for 6413 S Drexel Avenue

General Information

Property type Land
Property subtype Other
Elementary school district 299
Middle school district 299
High school district 299
Directions S of 63rd, W of Woodlawn
Subdivision CHI - Woodlawn
Standard status Active
APN 20231040910000

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 1760

Utilities

Utilities Water Available
Listing Agency: Baird & Warner
Listed By: Karen Fedyk · License #475139808
Added: Mar 11 Changed: Aug 19 Last Checked: Aug 22 at 11:06PM
MLS# 12590214

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 buildable lot presents a development opportunity in Chicago's Woodlawn neighborhood. The location is experiencing a renaissance due to institutional investment and the upcoming Obama Presidential Center. Suited for a custom home or a multi-unit project, the property is near the University of Chicago, Jackson Park, and the lakefront. The area's zoning and new construction activity allow capitalizing on the demand for housing in a strategically located corridor. The site is positioned for a design-forward rental asset or a high-end portfolio addition. Adjacent lots are also available at 6415 Drexel (also permitted for multi-family), 6411 Drexel & 6409 Drexel. Buyers are responsible for independently verifying zoning, lot dimensions, and all other property data with the appropriate professionals.

Key Highlights

  • Premier development opportunity in Woodlawn, a rapidly growing Chicago neighborhood.
  • Prime, buildable lot suitable for a luxury custom home or high‑density multi‑unit project.**
  • Walking distance to the University of Chicago, Jackson Park, and the lakefront.

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Law Firm Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store HVAC Service Computer & Electronic Repair Bakery

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

Location Intelligence

Trade Area within ½ mile

1,127
Businesses Nearby

Demographics for 60637, IL

53,555
Population
26,717
Households
2
Avg Household Size
31
Median Age
37%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
11,901
Density / Sq Mi
$42,080
Median Household Income
$33,227
Median Earnings
$1,170
Median Rent
$243,700
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Prime Chicago lot near University of Chicago and Jackson Park.
Where is this residential land & home lot located?
The property is located at 6413 S Drexel Avenue 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: Premier development opportunity in Woodlawn, a rapidly growing Chicago neighborhood.; Prime, buildable lot suitable for a luxury custom home or high‑density multi‑unit project.**; Walking distance to the University of Chicago, Jackson Park, and the lakefront.
More about this property
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