NOT LISTED FOR SALE

6413 S Vernon Ave Chicago, IL 60637

Woodlawn Neighborhood

Estimated Value: $244,000 - $251,270

0.43 Acre
$573,229 Price per Acre
18,818 Sq Ft Lot

Last Sold June 09, 2023

Last sale price $240,000

Est. 3% increase in value since last sale

Current estimated payment $1,700/month

7 Days on Market

About This Lot

As of June 2023

Immediate development opportunity in RED HOT Woodlawn! Close to Greenline Trains, the Lakefront, the upcoming Presidential Library, Hyde Park and U of C this Large development site in Woodlawn is a perfect place to build a new residential portfolio. Approximately 150 wide x 125 deep with desirable RT4 zoning, zoning permits up to 18 Units on this site as multifamily, or subdivide into separate parcels and build a community of six new construction three flats! Large site parcels like this are hard to find, and this one is fenced, well-zoned and very walkable to transit. Only one block from the Greenline Trains with plenty of residential and commercial redevelopment underway nearby. If you're building here already, buy before the land cost increases further, and if you're new to Woodlawn, join the many investors who are revitalizing this community today!

Last Agent to Sell the Property

Wayne Beals

Exit Strategy Realty / EMA Management License #471018068 Listed on: 05/08/2023

Last Buyer's Agent

Delilah Walker-Brooks

Keller Williams ONEChicago License #475172593

Keller Williams ONEChicago

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,188

Lot Details

  • Lot Dimensions are 150 x 125
  • Property is zoned MULTI

Additional Features

  • Electricity Available at Street
  • Gas Available at Street

Property Details

Property Type

Land

Est. Annual Taxes

$5,188

Listing Details

  • Property Type: Land
  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Multi-Family
  • Road Surface Type: Asphalt
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • Actual Status: Closed
  • ResoPropertyType: Land
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Multi-Family, Single Family
  • Basement Bathrooms: No

Exterior Features

  • Frontage Type: City Street
  • Waterfront: No

Garage/Parking

  • Number of Cars: 0

Utilities

  • Utilities: Electric Nearby, Gas Nearby, Sanitary Sewer, Sewer-Storm Available, Water-Municipal

Lot Info

  • Lot Dimensions: 150 X 125
  • Zoning: MULTI
  • Lot Size: .25-.49 Acre
  • Special Assessments: N
  • Land Description: Cleared

Rental Info

  • Board Number: 8
  • Rental Price: 0

Building Info

  • Building(s) on Land: No

Tax Info

  • Tax Annual Amount: 5188.5
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2023
Closed on
Jun 2, 2023
Sold by
Greenline Development Inc
Bought by
Project Hood Communities Development Corporat
Seller's Agent
Wayne Beals
Exit Strategy Realty / EMA Management
Buyer's Agent
Delilah Walker-Brooks
Keller Williams ONEChicago
List Price
$245,000
Sold Price
$240,000
Premium/Discount to List
-$5,000
-2.04%
Views
16
Current Estimated Value
$247,635

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,635
Avg. Annual Appreciation
1.14%

Purchase Details

Closed on
Dec 17, 2014
Sold by
City Of Chicago
Bought by
Greenline Development Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Project Hood Communities Development Corporat $240,000 Chicago Title
Greenline Development Inc -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/09/2023 06/09/23 Sold $240,000 -2.0% --
05/16/2023 05/16/23 Pending -- -- --
05/08/2023 05/08/23 For Sale $245,000 -- --
Source: Midwest Real Estate Data (MRED)

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 $4,932 $23,291 $23,291 --
2024 $4,932 $23,291 $23,291 --
2023 $4,791 $23,291 $23,291 --
2022 $4,791 $23,291 $23,291 $0
2021 $4,684 $23,291 $23,291 $0
2020 $5,189 $23,291 $23,291 $0
2019 $4,679 $23,291 $23,291 $0
2018 $4,601 $23,291 $23,291 $0
2017 $4,412 $20,496 $20,496 $0
2016 $4,105 $20,496 $20,496 $0
2015 $0 $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Wayne Beals

    Seller's Agent in 2023

    Wayne Beals

    Exit Strategy Realty / EMA Management

    (312) 772-3257

    22 in this area

    137 Total Sales

    Wayne Beals
    Section Image
  • Delilah Walker-Brooks

    Buyer's Agent in 2023

    Delilah Walker-Brooks

    Keller Williams ONEChicago

    (312) 399-4866

    2 in this area

    52 Total Sales

    Delilah Walker-Brooks
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11778183

Midwest Real Estate Data (MRED)

APN: 20-22-209-005-0000

Illinois Cook County Chicago 60637 Woodlawn

6413 S Vernon Ave, Chicago, IL

Not Listed for Sale

Lots

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. 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. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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