1301 S Wabash Avenue
Chicago, IL 60605

Status: Active Under Contract
Land
0 beds
0 baths
0 sq.ft
Listing Price: $4,900,000

About this home

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.

Property details

Property / Lot Details
Acreage 0.22
Approx Land Sq Footage 9395
Building(s) on Land Yes
CurrentUse Commercial
Lot Dimensions 171.2 X 54.8
Farm No
FrontageLength 54.82
FrontageType City Street
Property Type Land
Lot Size Less Than .25 Acre
Ownership Fee Simple
Total Listed Lots Avail 1
School / Neighborhood, Utilities, Financing, Location Details
Air Conditioning Central Air
Area Major CHI - Near South Side
Zoning Type OTHER
Corporate Limits Chicago
Directions Roosevelt to Wabash. 1 block south to the property
Elementary Sch Dist 299
Heat/Fuel Natural Gas
High Sch Dist 299
Jr High/Middle Dist 299
Location Corner
Township South Chicago
Interior Features
Basement Bathrooms No
Utilities Electric to Site, Gas to Site, Water to Site
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
MRD Virtual Tour None

Financials

Known Existing Liens First Mortgage
Investment Profile Land

Tax/Assessments/Liens

PIN 17221040010000
Special Assessments U
Taxes $25,972
Tax Year 2020
$4,900,000 Listing Price:
MLS # 11225219
Investment Profile Land
Listing Market Time 503 days
Basement
List Date 09/21/2021
Year Built
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