Price Reduction
Address
1301 S Wabash Avenue, Chicago, IL
Price
$ 3,950,000
Property Attributes
- MLS#11225219
- TypeLand
- CountyCOOK
- CityChicago
- AreaCHI - Near South Side
- Zip60605
- StyleCommercial
- Taxes$ 21915
- Price$ 3,950,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size9,583 SqFt
Data Source:
Midwest Real Estate Data (MRED)
Property Description
The subject property is located at the SEC of Wabash Avenue and 13th Street in Chicago's vibrant South Loop with close proximity to the Loop, Michigan Avenue, and the Museum Campus. This building sits on a lot line of 55' on Wabash and 171' on 13th Street. Current zoning is DX-7, which provides for commercial on the ground floor and residential or office on the upper floor. Currently, there is a vacant 2-story building on the site with a former restaurant infrastructure in place on the first floor and the second floor built out for a residence and a photography studio. Developers will find the potential TOD zoning appealing and a higher density on the site. Restaurants and cannabis tenants will show interest in the location. Easy access to Lake Shore Drive and the Dan Ryan via the Roosevelt Road thoroughfare one block north. The Red, Orange, and Green lines at Roosevelt Road provide access to the downtown, northside, Midway Airport and McCormick Place.
| Price History | |
|---|---|
| 9/21/2021 | Listed $5,000,000 |
| 3/28/2022 | 2% - $4,900,000 |
| 6/23/2023 | 7% - $4,600,000 |
| 11/14/2023 | 9% - $4,200,000 |
| 4/4/2024 | 6% - $3,950,000 |
General Features
| Heating | Natural Gas |
|---|---|
| Cooling | Central Air |
| Utilities | Electric to Site,Gas to Site,Water to Site |
| Possession | Closing |
| Zoning | OTHER |
| Township | South Chicago |
| Tax Year | 2021 |
| Current Use | Commercial |
| Percent Ownership | Fee Simple |
| County | Cook |
| Property Type | Land |
| Possible Use | Condominium,Multi-Family |
| Status | Active |
| Directions | Roosevelt to Wabash. 1 block south to the property |
| City | Chicago |
| High School District | 299 |
| MLS Area | CHI - Near South Side |
| Waterfront Y/N | No |
| Street Name | Wabash |
| Tax Annual Amount | 21915.35 |
| Additional Parcels Y/N | No |
| Days on Market | 933 |
| Standard Status | Active |
| Middle/Junior School District | 299 |
| Elementary School District | 299 |
| Property Type | Land |
Interior Features
| Street Suffix | Avenue |
|---|
Exterior Features
| Lot Dimensions | 171.2 X 54.8 |
|---|---|
| Lot Size Acres | 0.22 |
| Road Surface Type | Asphalt |
| Frontage Length | 54.82 |
| Frontage Type | City Street |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Land Average in 60605
Price
Taxes
Visits
Walkscore
Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than NextHome Select Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2024 All rights reserved.Based on information submitted to the MLS GRID as of April 28, 2024 8:42 PM UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice.
Data is updated as of April 28, 2024 8:42 PM UTC
