Share This Listing

Message

962 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

2251 S Drake Ave 0.11 Acres of Residential Land Offered at $59,900 in Chicago, IL 60623

Residential Land & Home Lots Illinois Chicago 2251 S Drake Ave, Chicago, IL 60623

Save this listing!

Favorite this listing to get notified of price updates, new media and more

Executive Summary

Excellent investment opportunity. Buy and hold or develop and sell.

Property Facts

Price $59,900 Property Subtype Residential
Sale Type Investment or Owner User Proposed Use
Multifamily
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Subsidized
  • Single Family Development
  • Single Family Residence
No. Lots 1 Total Lot Size 0.11 AC
Property Type Land No. Stories 1
Zoning RT-4 - RT-4 Residential Two-Flat, Townhouse, and Multi-Unit District. Floor area ratio:1.2 Maximum building height:38 ft for detached house.
Price $59,900
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Subsidized
  • Single Family Development
  • Single Family Residence
Total Lot Size 0.11 AC
No. Stories 1
Zoning RT-4 - RT-4 Residential Two-Flat, Townhouse, and Multi-Unit District. Floor area ratio:1.2 Maximum building height:38 ft for detached house.

1 Lot Available

Lot

Price $59,900 Lot Size 0.11 AC
Price Per AC $549,314.50
Price $59,900
Price Per AC $549,314.50
Lot Size 0.11 AC

Approximately 4,750 sf lot, zoned RT-4. One lot of record and half of another one. Sufficient to build 4 units by right. Close to CTA Pink Line, I-55, Ogden Ave. Located in a rapidly redeveloping area of Little Village.

1 1
2251 S Drake Ave, Chicago, IL - Aerial map view
Walk Score®
Very Walkable (82)
Bike Score®
Very Bikeable (80)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Property Taxes

Parcel Number 16-26-201-015-0000 Improvements Assessment $0
Land Assessment $6,796 Total Assessment $6,796

Property Taxes

Parcel Number
16-26-201-015-0000
Land Assessment
$6,796
Improvements Assessment
$0
Total Assessment
$6,796
(773) 763-7000

Still interested?

Contact the broker for more information about this property

Contact

  • Don Pasek
    Don Pasek

  • Listing ID: 35057545

  • Date on Market: 3/7/2025

  • Last Updated:

  • Address: 2251 S Drake Ave, Chicago, IL 60623

More public record information on 2251 S Drake Ave, Chicago, IL 60623

The Little Village Land Property at 2251 S Drake Ave, Chicago, IL 60623 is currently available. Contact Omniterra Real Properties for more information.

LAND PROPERTIES IN NEARBY NEIGHBORHOODS

NEARBY LISTINGS

1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View Street
Map
2251 S Drake Ave, Chicago, IL for sale Other- Image 1 of 3
Frontage
2251 S Drake Ave, Chicago, IL for sale Aerial- Image 2 of 3
2251 S Drake Ave. - Aerial View
1 of 1

Connect with us

© 2026 CoStar Group

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

2251 S Drake Ave
(773) 763-7000 x

2251 S Drake Ave

Don Pasek
(773) 763-7000

Already a member? Log In

First Name*

Last Name*

Email*

Email address is required

Phone*

Ext (optional)

Company (optional)

Message*

Message is required

{{getContactFormMessageFieldCharacterCount()}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Notice.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.
Favorite Listings
Save Searches
Share Listings
Access Documents
Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}
You can provide feedback any time using the Help button at the top of the page.