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Woodlawn Buildable Lot Opportunity
For Sale
$120,000

6415 South Drexel Avenue, Chicago, IL 60637

Prime lot in Woodlawn near University of Chicago and Jackson Park.

Property SizeContact for details
Days on Market193

Property Features for 6415 South Drexel Avenue

General Information

Standard status Active
Property subtype Land

Taxes and HOA fees

Annual Taxes $1,760
Listing Agency: Baird & Warner
Listed By: Karen Fedyk · License #475139808
Source: Compass
Added: Jan 28 Changed: Aug 8 Last Checked: Jul 15 at 11:02PM

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 Baird & Warner

Investment Insights

Based on property information with market context.

This lot has an approved building permit for a multi-family dwelling. Located in Woodlawn, a Chicago neighborhood experiencing a renaissance, this buildable lot offers an opportunity for a custom home or a high-density multi-unit project. The property is positioned within walking distance of the University of Chicago, Jackson Park, and the lakefront. This site allows capitalizing on the demand for modern housing in a strategically located corridor. It is suited for a design-forward rental asset or a high-end portfolio addition.

Key Highlights

  • Approved building permit for a multi‑family dwelling already in place.
  • Premier development opportunity in Woodlawn, a rapidly growing Chicago neighborhood.
  • Close proximity 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

3,400
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Residential land & home lot - Prime lot in Woodlawn near University of Chicago and Jackson Park.
Where is this residential land & home lot located?
The property is located at 6415 South 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: Approved building permit for a multi‑family dwelling already in place.; Premier development opportunity in Woodlawn, a rapidly growing Chicago neighborhood.; Close proximity to the University of Chicago, Jackson Park, and the lakefront.
More about this property
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