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6052 S Rhodes Avenue Chicago, IL 60637 • Land - Residential • New

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  • 6052 S Rhodes Avenue , Chicago, IL 60637 Main Photo

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Description

Three Residential Units may be possible with this zoning! Prime Development Opportunity in rapidly redeveloping Woodlawn at 6052 South Rhodes. Exceptional opportunity to acquire a large corner lot (approx. 10,418 sq. ft.), with 125 Feet of Frontage on 61st Street and 83 Feet on Rhodes, just steps from 383-acre Washington Park, and less than half a mile from the University of Chicago. With a Minimum Lot Area/Per Unit of 2,500 sq. ft. and current B2-1 zoning, the site is ideally suited for development. Per the City of Chicago Zoning Code: 17-3-0103-B The B2 district permits residential dwelling units on or above the ground floor. This zoning flexibility makes the property especially attractive for development. The seller is also offering a second large corner at this intersection (MLS #12454210), representing a rare chance to acquire two prime large corner development parcels in one of Chicago's most dynamic growth corridors. Highlights & Neighborhood Advantages: Excellent proximity to the University of Chicago South Campus and to the Obama Presidential Center. Unmatched CTA Green Line connectivity, offering direct access to IIT, the Loop, Fulton Market, United Center, and beyond. Strong market demand for housing near train-accessible sites. Surrounded by successful recent redevelopments, including the Jewel-Osco at 61st & Cottage Grove. Walkable to the University of Chicago campus, Logan Center, UChicago Medicine, Midway Plaisance, and two nearby Green Line stations. Just one mile from the Lakefront. With Woodlawn's revitalization well underway, this property offers tremendous potential for developers and community builders alike. Bring your vision and be part of Woodlawn's future.

Property Highlights

Property Type: Land - Residential
Total Acres: 0.24 Acres
Utilities: Electricity Nearby, Natural Gas Nearby, Water Nearby, Cable Available

General Information

County: Cook
Listed By:
Exit Strategy Realty / EMA Management 312-767-0572
MRED MLS
$145,000
Est. $1,064/mo
New to the Market New
LOT SIZE 83x125 MLS#12794393
STATUSNew PROPERTY TYPELand - Residential SCHOOLDistrict 299

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6052 S Rhodes Avenue , Chicago, IL 60637.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $145,000$145,000$145,000
Down Payment $29,000$5,075$36,250
Monthly Mortgage Amount $762$935$940
Taxes $202$202$202
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$64$0
Monthly Estimated Total $1,064$1,301$1,242

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