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Description

**MAJOR PRICE REDUCTION! PRIME WOODLAWN DEVELOPMENT OPPORTUNITY - NOW JUST $199,000 | ONLY $15.69 PER LAND SQ. FT. | B3-3 ZONING | 100 FT OF 67TH STREET FRONTAGE!** Opportunity meets location at 1510 E. 67th Street, an approximately 12,687-square-foot development site in one of Chicago's most exciting redevelopment corridors, less than one mile from the newly opened Obama Presidential Center! Previously offered at $249,900 and now aggressively repositioned at just $199,000, this property represents a **$100,900 price reduction and an exceptional land acquisition basis of approximately $15.69 per square foot**-an attractive entry point for developers, builders, investors and long-term landholders looking to capitalize on Woodlawn's next chapter. The timing couldn't be more compelling: the $850 million Obama Presidential Center officially opened in June 2026, welcoming visitors to its spectacular 19.3-acre campus featuring a world-class museum, Chicago Public Library branch, gardens, public art, recreational facilities and year-round programming. In its first 100 days alone, the Center reported **175,469 visitors to its museum and ticketed events from all 50 states and 39 countries**, while an economic impact study projects approximately **625,000-760,000 annual visitors over the long term and $177 million in annual economic activity across Chicago's South Side**. This is no longer speculation about what's coming-the destination is OPEN, attracting visitors and bringing new attention to the surrounding neighborhoods! Positioned along the highly visible 67th Street corridor, this substantial parcel offers approximately **100 feet of street frontage, 127 feet of depth and B3-3 Community Shopping District zoning**, creating possibilities for commercial, residential-over-retail or other mixed-use development concepts, subject to municipal approvals. The property features an existing paved surface, street access and electric, gas and water utilities reported nearby. Surrounded by established residential neighborhoods, commercial businesses and major institutions, the location places investors near the University of Chicago, Jackson Park, Lake Michigan, Stony Island Avenue, CTA and Metra transportation, and the growing Hyde Park/Woodlawn economic corridor. For perspective, a larger commercially improved property at 1318 E. 67th Street sold for $975,000 in 2022, demonstrating the scale of investment already seen along this street, although that transaction is not a direct vacant-land comparable. **At under $200,000, buyers have an opportunity to control nearly 13,000 square feet of B3-3-zoned land in the orbit of one of Chicago's most significant new cultural destinations.** Whether your vision is neighborhood-serving retail, mixed-use construction, a residential development with commercial space or a strategic long-term investment, this property's combination of location, frontage, zoning and newly reduced price deserves serious consideration. **THE PRICE HAS CHANGED. THE LOCATION HASN'T. BRING YOUR ARCHITECT, BRING YOUR DEVELOPER AND BRING YOUR OFFER!** Buyer to independently verify survey dimensions, lot area, zoning, permitted uses, density, utilities and development feasibility with the City of Chicago and appropriate professionals.

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Taxes

Market Activity 60637

MLS Number: 12787789

Listing Provided By: Michael Applegate – (708) 743-0043 – m.applegate@straightarealty.com

Straight-A Realty, LLC – (630) 288-2446