23-Unit Multifamily Asset | 1471 E 67th St, Chicago, IL 60637 | $500,000

Investment Summary Offered for redevelopment at $500,000, this 23-unit mixed-use asset at 1471 E 67th St presents a high-potential project in Chicago’s rapidly evolving South Shore / East Woodlawn corridor. Currently fully vacant, the building features 7 commercial storefronts and 16 residential units (12 studios, 4 one-bedrooms), providing a blank canvas for comprehensive repositioning and value creation.

Key Redevelopment Highlights

• Significant Scale: A total of 23 units offering rare density in an improving submarket.

• Zoning Advantage: B3-3 zoning allows for a flexible blend of commercial and residential uses, ideal for modern mixed-use concepts.

• Strategic Repositioning: A complete "gut renovation" opportunity allows a developer to dictate finishes, layouts, and market positioning to capture the growing demand for local housing and services.

Market Fundamentals & Growth Drivers

• High-Profile Proximity: Situated near the transformative Obama Presidential Center and Jackson Park, the property is positioned to capture the economic momentum radiating from these major regional anchors.

• Submarket Appreciation: The South Shore and East Woodlawn corridors are experiencing a surge in public and private investment, bolstered by a strong neighborhood identity and lakefront accessibility.

• Excellent Connectivity: The site offers convenient access to the South Shore Metra line and multiple CTA transit hubs, ensuring connectivity to Downtown Chicago and major employment centers.

• Rising Demand: Growing interest from residents and small businesses is driving long-term rental demand, providing a solid foundation for a revitalized mixed-use asset.

The Vision This property is an ideal acquisition for developers or investors seeking a significant footprint in a high-upside neighborhood. By leveraging the existing footprint and implementing a modernization strategy, the new owner can restore this building as a community hub while maximizing equity growth.