7017 S Cornell Ave Chicago, IL 60649
South Shore NeighborhoodEstimated payment $198/month
About This Lot
ARV for the lot is 450K!!!! Seize the chance to invest in this prime vacant lot in the thriving South Shore neighborhood! Zoned RT-4, the property is perfect for residential development, including two flats, townhouses, low-density apartment buildings, and single-family homes. Located near the Obama Presidential Library Site, this area is poised for incredible growth and offers easy access to downtown and Lake Shore Drive. Don't miss the opportunity to be part of the vibrant transformation in South Shore-this is a developer's dream! Act now and make your mark in this exciting emerging community!
Property Details
Property Type
- Land
Est. Annual Taxes
- $776
Lot Details
- 3,920 Sq Ft Lot
- Lot Dimensions are 25x163x25x163
- Property is zoned MULTI
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 | $776 | $3,056 | $3,056 | -- |
| 2023 | $754 | $3,668 | $3,668 | -- |
| 2022 | $754 | $3,668 | $3,668 | $0 |
| 2021 | $737 | $3,667 | $3,667 | $0 |
| 2020 | $817 | $3,667 | $3,667 | $0 |
| 2019 | $737 | $3,667 | $3,667 | $0 |
| 2018 | $724 | $3,667 | $3,667 | $0 |
| 2017 | $702 | $3,260 | $3,260 | $0 |
| 2016 | $653 | $3,260 | $3,260 | $0 |
| 2015 | $597 | $3,260 | $3,260 | $0 |
| 2014 | $529 | $2,852 | $2,852 | $0 |
| 2013 | $519 | $2,852 | $2,852 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/25/2025 08/25/25 | Price Changed | $24,999 | -13.8% | -- |
| 08/04/2025 08/04/25 | Price Changed | $28,999 | 0.0% | -- |
| 06/14/2025 06/14/25 | Price Changed | $29,000 | -25.6% | -- |
| 05/20/2025 05/20/25 | Price Changed | $39,000 | -13.3% | -- |
| 04/28/2025 04/28/25 | For Sale | $45,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12348566
APN: 20-24-324-006-0000
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