Zoned Residential Development
For Sale
Contact for pricing
Pending
815 West 50th Place, Chicago, IL 60609
Blank-slate lot in New City, Chicago, zoned RS-3 within a 47th/Ashland TIF district.
Property Size3,027 SF
Days on Market935
Property Features for 815 West 50th Place
General Information
Standard status
Pending
Size
3,027 SF
Property subtype
Land
Zoning
RS-3
Taxes and HOA fees
Annual Taxes
$396
Listing Agency:
A.R.E. Partners Inc.
(773) 267-6887
Listed By:
Antje Gehrken · License #471002284
(773) 267-6887
Source:
Compass
Added: Jan 18, 2024
Changed: Aug 8
Last Checked: Apr 17 at 7:17AM
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 blank-slate residential lot in the New City community in the 20th Ward of Chicago. The property is zoned RS-3 and located within the 47th/Ashland TIF district. It is being sold in AS IS/WHERE IS condition, with no representations or warranties, and the buyer must conduct their own due diligence, including verifying lot size, zoning, intended use, and TIF availability.
The site is described as being adjacent to areas with ongoing commercial use zoning. The remarks also note an estimated 10-minute drive to Kennedy King Community College, with access to CTA bus lines on 51st and nearby Ashland Ave.
Buyers should review all zoning and TIF conditions prior to submitting an offer. Offers are scheduled to reflect due diligence and attorney review, with specified timeframes in the listing materials.
The site is described as being adjacent to areas with ongoing commercial use zoning. The remarks also note an estimated 10-minute drive to Kennedy King Community College, with access to CTA bus lines on 51st and nearby Ashland Ave.
Buyers should review all zoning and TIF conditions prior to submitting an offer. Offers are scheduled to reflect due diligence and attorney review, with specified timeframes in the listing materials.
Key Highlights
- Blank‑slate lot in New City, Chicago, located in the 20th ward
- Zoned RS‑3 within the 47th/Ashland TIF district
- Approximately 3,027 sq.ft. lot size
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
833
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 - Blank-slate lot in New City, Chicago, zoned RS-3 within a 47th/Ashland TIF district.
Where is this residential land & home lot located?
The property is located at 815 West 50th Place 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: Blank‑slate lot in New City, Chicago, located in the 20th ward; Zoned RS‑3 within the 47th/Ashland TIF district; Approximately 3,027 sq.ft. lot size
