7639 South Racine Avenue

Chicago, IL 60620

$149,000
Price
/
Lot Size / Acres

Description

With 8 parcels of land and utilities already in place, the possibilities for development of this commercial space are virtually endless. Developing a commercial space in an underserved community can be an excellent opportunity to provide much-needed services and support to the local population. Some ideas for services are listed below. Develop a grocery store in a food desert. Develop medical clinics or hospitals that offer quality healthcare services to the community. Build schools or educational...With 8 parcels of land and utilities already in place, the possibilities for development of this commercial space are virtually endless. Developing a commercial space in an underserved community can be an excellent opportunity to provide much-needed services and support to the local population. Some ideas for services are listed below. Develop a grocery store in a food desert. Develop medical clinics or hospitals that offer quality healthcare services to the community. Build schools or educational centers that provide access to education and vocational training for people in the community. Develop affordable housing options for low-income families and individuals who are struggling to find suitable housing. Develop community centers that offer a range of services, including after-school programs, sports facilities, and job training programs. Develop commercial spaces for local businesses to help stimulate economic growth and create jobs in the community. Use the land to construct commercial buildings for businesses like offices, retail stores, or restaurants. Develop a mixed-use space: Combine commercial buildings with residential apartments or condos to create a mixed-use space that offers the best of both worlds. Use the land to construct a shopping center with multiple retail stores, restaurants, and entertainment venues. The possibilities are truly endless. With utilities already in place, this property is ready for development, and the potential for growth and profitability is immense. Please call for more information. Please note these properties must be sold as a package. The seller will not break up the parcels. There are a total of 8 parcels . The addresses are from7639 S Racine to 7659 S Racine .
  1. Listed by Tameka Lewis-Madkins • Keller Williams Preferred Rlty

Property Details for 7639 South Racine Avenue

Area
CHI - Auburn Gresham
Township
Hyde Park
Ownership
Fee Simple
Num Of Parking Spaces
0.0
LISTING UPDATED: 09/05/2024 12:06 AM

Property Details for 7639 South Racine Avenue

StatusActive
MLS #12151455
Days on Market80
Taxes$24,967 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand
Year Built-
Lot Size-
CountyCook County

Property Information for 7639 South Racine Avenue

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Location and General Information
  • Frontage Length: 223.6
  • Frontage Type: City Street
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Air Conditioning: None
  • Basement Bathrooms: No
  • Num of Baths: 0.0
Exterior Features
  • Backup Package: No
Utilities / Equipment
  • Utilities: Electric to Site, Gas to Site, Water to Site
Property/Lot Information
  • Lot Size: .50-.99 Acre
  • Lot Dimensions: 124.45*223.6*124.5*223.6
  • Buildings on Land: Yes
  • Waterfront: No
  • General Information: None
  • North Coordinate: 0
  • South Coordinate: 7600
  • East Coordinate: 0
  • West Coordinate: 1200
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 10
  • OpenHouse Count: 0
Miscellaneous
  • Current Use: Commercial
  • Land Amenities: Fencing
  • Road Surface: Asphalt
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No

Property History for 7639 South Racine Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7639 South Racine Avenue

Taxable ValueLand$8,303Additions$29,813Total$38,116
Tax Record2022$7,840 ($653 / month)
Home Facts
Baths1Total Finished SqFt1,090 SqFtAbove Grade Finished SqFt1,090 SqFtStories1Lot Size10,354 SqFtStyleMiscellaneous IndustrialYear Built1919CountyCOOKAPN20-29-408-013

Schools near 7639 South Racine Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - 9 to 12
Public - 9 to 12
Rating
School
Distance
Stagg Elementary School
PublicPK to 8

Bogan High School
Public9 to 12

Community Youth Development Institute
Charter9 to 12

EXCEL ACADEMY - ENGLEWOOD HS
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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7639 South Racine Avenue is a nullac of land for sale in Chicago, IL 60620. This property was listed for sale on August 28, 2024 by Keller Williams Preferred Rlty, it's currently listed at $149,000. This listing's school district is Chicago Public Schools. Nearby schools include Stagg Elementary School, Bogan High School and Community Youth Development Institute. 7639 South Racine Avenue is a 0-bed, 0-bath, nullac of land.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Preferred Rlty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 09/05/2024 12:06 AM. 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.