118 W 113th Place Chicago, IL 60628
Roseland NeighborhoodEstimated payment $154/month
About This Lot
Prime Investment Opportunity - Land in Chicago's Roseland Community Discover the potential of Chicago's Roseland community, where progress and opportunity meet. This undeveloped parcel of land offers a rare chance to invest in one of the South Side's most promising redevelopment corridors. Perfectly positioned for new residential build or community-focused ventures. Location Highlights - Strategic South Side Position: Centrally located with quick access to I-57, I-94, and major transit routes. Connecting residents directly to downtown Chicago and neighboring communities. - Red Line Expansion: The transformative CTA Red Line Extension is bringing new transit stations to Roseland, dramatically improving accessibility and driving long-term property value. - Medical District Designation: Near the expanding Roseland Medical District, a growing hub for healthcare and life sciences. The district's growth supports increasing demand for quality housing, workforce accommodations, and complementary neighborhood services. Investment Potential - Residential Development: Ideal for single-family homes, townhomes, or multi-unit housing, meeting the area's need for modern, affordable living options. - Community Growth: Positioned to benefit from city-backed revitalization efforts, infrastructure upgrades, and new investment incentives. - Long-Term Vision: The combination of public investment, healthcare expansion, and improved transit access creates a powerful foundation for sustainable returns and community impact. Why Invest in Roseland? - Roseland is experiencing a new wave of growth driven by infrastructure investment, strong community engagement, and strategic city planning. Investors and developers have the opportunity to be part of this transformation. Creating value while contributing to the revitalization of one of Chicago's most historic neighborhoods.
Property Details
Property Type
- Land
Est. Annual Taxes
- $262
Lot Details
- Lot Dimensions are 25 x 125
- Property fronts an alley
Utilities
- Electricity To Lot Line
Community Details
- No Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $262 | $1,862 | $1,862 | -- |
| 2023 | $256 | $1,242 | $1,242 | -- |
| 2022 | $256 | $1,242 | $1,242 | $0 |
| 2021 | $250 | $1,241 | $1,241 | $0 |
| 2020 | $381 | $1,707 | $1,707 | $0 |
| 2019 | $344 | $1,707 | $1,707 | $0 |
| 2018 | $338 | $1,707 | $1,707 | $0 |
| 2017 | $335 | $1,552 | $1,552 | $0 |
| 2016 | $0 | $0 | $0 | $0 |
| 2015 | $0 | $0 | $0 | $0 |
| 2014 | -- | $0 | $0 | $0 |
| 2013 | -- | $0 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/08/2025 11/08/25 | For Sale | $25,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Attorney | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | -- | 1St American Title |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12512665
APN: 25-21-220-023-0000
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