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Located at 556 E 47th Street, Chicago, Illinois 60653, Grand Boulevard neighborhood, this Terreno is for Venda with a price of $1,155,000 USD. See all Homes for Venda in Grand Boulevard.
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Descrição

556 E 47th Street,

Chicago, IL 60653

Located in the thriving neighborhood of Bronzeville, Chicago, this land parcel portfolios offers a prime opportunity to invest in an area poised for development. With significant cultural value and a rapidly growing economic landscape, Bronzeville is attracting attention from developers, businesses, and investors alike. This land portfolio includes 2 parcels, all strategically located to capitalize on the neighborhood's ongoing revitalization and increasing demand for both residential and commercial developments. The land parcels in this portfolio range in size and zoning, offering flexibility for various development possibilities. These include: 556 E 47th St. / 14,980 SF / Zoned B3-2. / APN - 20-03-424-025 and 4644 S Saint Lawrence / 6,020 SF / Zoned B3-2. / APN - 20-03-424-017 Total / 21,000 SF / Zoned B3-2. / Purchase Price - $1,155,000 Bronzeville Neighborhood Development Bronzeville has become a key area for urban development in Chicago, benefiting from several major projects. The Bronzeville Lakefront Project is one of the largest undertakings in the area, transforming the former Michael Reese Hospital site into a mixed-use development that includes residential units, retail, and office spaces. Additionally, the Artis Senior Living Center and Boxville Marketplace continue to shape the neighborhood's identity, bringing commercial activity and community-focused ventures to the area. Positive Economic Indicators Bronzeville's economic outlook is highly favorable for investors: Rising Property Values: The neighborhood has seen significant appreciation in property values, fueled by development projects and increasing demand. Job Growth: Employment opportunities, particularly in healthcare, education, and technology, are expanding, contributing to the neighborhood's economic vitality. Transportation Access: Bronzeville boasts excellent public transportation options, making it a convenient location for both residents and businesses. Overall, this land parcel represents a strong investment opportunity in a neighborhood that combines historical significance with modern economic growth. With competitive pricing and a variety of development possibilities, these land parcels are well-positioned to benefit from the ongoing transformation of Bronzeville.

This is an Active listing.

Broker Office Phone Number: 312-216-2422

Copyright © 2025Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Listing By: Keller Williams ONEChicago via Data Source: Midwest Real Estate Data, LLC 
$1,155,000
price
$3,306
Annual taxes
Terreno
Tipo de propriedade
Chicago Public 299
Distrito Escolar
Chicago Public 299
Distrito Escolar
chicago-public-school-district-299-chicago-il
Schools
14791803
Id da web
12325048
ID do MLS
119
Days Posted

Histórico de preços

datepricevariancetype
3/30/2025$1,155,000-Listados
agente de listagem: Anthony Hardy
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    556 E 47th Street
    Grand Boulevard, Chicago, IL 60653

    $1,155,000