Located in both a Federal Opportunity Zone and a Federal Enterprise Zone (providing incredible tax benefits to a developer) this +/- 6,150 SF, RM-5, CORNER, vacant lot is a rare chance to acquire a shovel-ready development site that comes with approved RM-5 zoning and fully drawn plans for an 8-unit, 4-story building. This saves a small fortune in architectural and development costs! It will, also, save a builder/developer 6 to 12 months in entitlement and permitting time. Located directly across from the Oak Wood Cemetery entrance (providing a great view south overlooking the beautiful administrative building and lawn) and 1/2 block to the highly ranked Wadsworth Stem Elementary school. Also, within walking distance of the 63rd & Cottage Grove "EL" stop, the University of Chicago and Jackson Park, this site is well located in this high-demand rental and sales market. The seller is offering full architectural designs to serious buyers, giving you a valuable head start toward bringing this project to life. Don't miss this time-saving, development ready, tax assisted opportunity.

Listing Courtesy of MRED as distributed by MLS Grid of Coldwell Banker Realty



Based on information submitted to the MLS GRID as of 2026-01-11 09:29 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. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2026-01-11 09:29 PM UTC
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