532 E 61st St Chicago, IL 60637
Washington Park NeighborhoodEstimated payment $1,955/month
About This Lot
Prime Development Opportunity in rapidly redeveloping Woodlawn at 532-536 E. 61st St. Exceptional opportunity to acquire a large corner lot (approx. 19,175 sq. ft.), with 156 Feet of Frontage on 61st Street and 125 Feet on Rhodes, just steps from 383-acre Washington Park, and less than half a mile from the University of Chicago. With a Minimum Lot Area/Per Unit of 2,500 sq. ft. and current B2-1 zoning, the site is ideally suited for development. Per the City of Chicago Zoning Code: "17-3-0103-B The B2 district permits residential dwelling units on or above the ground floor." This zoning flexibility makes the property especially attractive for development. The seller is also offering a second large corner site at this intersection (MLS #12454285), presenting a rare chance to acquire two prime development parcels in one of Chicago's most dynamic growth corridors. Highlights & Neighborhood Advantages: Excellent proximity to the University of Chicago South Campus and to the Obama Presidential Center. Unmatched CTA Green Line connectivity, offering direct access to IIT, the Loop, Fulton Market, United Center, and beyond. Strong market demand for housing near train-accessible sites. Surrounded by successful recent redevelopments, including the Jewel-Osco at 61st & Cottage Grove. Walkable to the University of Chicago campus, Logan Center, UChicago Medicine, Midway Plaisance, and two nearby Green Line stations. Just one mile from the Lakefront. With Woodlawn's revitalization well underway, this property offers tremendous potential for developers and community builders alike. Bring your vision and be part of Woodlawn's future.
Listing Agent
Exit Strategy Realty / EMA Management License #471018068 Listed on: 08/24/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $5,074
Parking
- Off Alley Parking
Additional Features
- Additional Parcels
- Cable TV Available
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 |
|---|---|---|---|---|
| 2025 | $1,654 | $6,250 | $6,250 | -- |
| 2024 | $1,654 | $6,250 | $6,250 | -- |
| 2023 | $1,612 | $7,813 | $7,813 | -- |
| 2022 | $1,612 | $7,813 | $7,813 | $0 |
| 2021 | $1,576 | $7,812 | $7,812 | $0 |
| 2020 | $1,740 | $7,812 | $7,812 | $0 |
| 2019 | $1,570 | $7,812 | $7,812 | $0 |
| 2018 | $1,543 | $7,812 | $7,812 | $0 |
| 2017 | $1,480 | $6,875 | $6,875 | $0 |
| 2016 | $1,377 | $6,875 | $6,875 | $0 |
| 2015 | $1,260 | $6,875 | $6,875 | $0 |
| 2014 | $1,044 | $5,625 | $5,625 | $0 |
| 2013 | $1,023 | $5,625 | $5,625 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/24/2025 08/24/25 | For Sale | $295,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Attorney | |
| Warranty Deed | $80,000 | Multiple |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12454210
APN: 20-15-404-035-0000
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