556 E 47th Street, Chicago, IL 60653
Local realty services provided by:Better Homes and Gardens Real Estate Connections
556 E 47th Street,Chicago, IL 60653
$1,155,000
- 0 Acres
- Lots / Land
- Active
Listed by:anthony hardy
Office:keller williams onechicago
MLS#:12325048
Source:MLSNI
Price summary
- Price:$1,155,000
About this home
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.
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Home facts
- Listing Id #:12325048
- Added:136 day(s) ago
- Updated:August 13, 2025 at 10:47 AM
Finances and disclosures
- Price:$1,155,000
- Tax amount:$3,306 (2023)
Copyright 2025 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed.New listings near 556 E 47th Street
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