R3 Residential Development
For Sale
$80,000
740 West 61st Place, Chicago, IL 60621
Vacant parcel zoned R3 in Englewood, suited for new residential construction subject to buyer due diligence.
Property SizeContact for details
Lot Size0.15 Acres
Days on Market287
Property Features for 740 West 61st Place
General Information
Standard status
Active
Lot size
0.15 Acres
Property subtype
Land
Zoning
R3
Taxes and HOA fees
Annual Taxes
$672
Listing Agency:
Exit Strategy Realty
(312) 671-8554
Listed By:
Bridget Johnson · License #475204974
(312) 671-8554
Source:
Compass
Added: Oct 27, 2025
Changed: Aug 8
Last Checked: Mar 25 at 5:00PM
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 Exit Strategy Realty
Investment Insights
Based on property information with market context.
This offering is for a vacant residential development lot in the Englewood area. The property is described as a larger-than-standard parcel and is zoned R3, providing flexibility for new residential construction. The sale is “as-is,” and the buyer is responsible for all due diligence, including zoning verification, surveys, and permits.
The lot is positioned on a quiet residential block, with neighborhood investment and redevelopment activity nearby. The remarks also indicate convenient access to major streets, public transportation, schools, and local amenities, and that utilities are available in the area.
R3 zoning is noted as supporting potential for a range of residential structures, including a single-family home, two-flat, or small multi-unit configuration, with permitted uses to be verified by the buyer.
The lot is positioned on a quiet residential block, with neighborhood investment and redevelopment activity nearby. The remarks also indicate convenient access to major streets, public transportation, schools, and local amenities, and that utilities are available in the area.
R3 zoning is noted as supporting potential for a range of residential structures, including a single-family home, two-flat, or small multi-unit configuration, with permitted uses to be verified by the buyer.
Key Highlights
- Vacant lot/parcel with approx. 6,373 SF in the Englewood area
- Zoned R3, allowing for potential new residential construction (buyer to verify permitted uses)
- Potential for single‑family, two‑flat, or small multi‑unit development (subject to zoning/permits)
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
911
Businesses Nearby
Explore this area
Business Placement
Demographics for 60621, IL
29,570
Population
15,348
Households
1.9
Avg Household Size
36
Median Age
12%
College-Educated
78%
High-School Grad
3.8 sq mi
ZIP Area
7,782
Density / Sq Mi
$33,235
Median Household Income
$29,961
Median Earnings
$1,017
Median Rent
$161,900
Median Home Value
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 - Vacant parcel zoned R3 in Englewood, suited for new residential construction subject to buyer due diligence.
Where is this residential land & home lot located?
The property is located at 740 West 61st Place Chicago, IL.
What is the asking price?
The asking price for this property is $80,000.
What are key features of this property?
This property features: Vacant lot/parcel with approx. 6,373 SF in the Englewood area; Zoned R3, allowing for potential new residential construction (buyer to verify permitted uses); Potential for single‑family, two‑flat, or small multi‑unit development (subject to zoning/permits)
