Investor / Redevelopment Opportunity in Roseland! Rare chance to acquire two separate parcels with income, adaptive reuse, and redevelopment potential. Buyer may explore rezoning to B2-2, with potential for up to 8 units per lot / 16 total units, subject to zoning approval, plans, permits, and buyer verification. Situated on a combined 50 ft x 140 ft site, the property offers flexibility for investors, developers, nonprofits, owner-users, or faith-based organizations. Strong potential for affordable studio apartments in an area where attainable housing remains in demand. Offered at $325,000 with room to negotiate for a qualified buyer. Bring your vision to this value-add opportunity in Chicago's Roseland neighborhood.
— the listing agent’s description
The home
5 beds
5 baths
Lot 50 X 140
Two to Four Units
What it’ll cost
$4,553 taxes / yr
No HOA
Listed $325,000
Now $250,000
44 days on dwello
Estimated monthly payment
$1,781/mo
Principal & interest$1,329
Property taxes$379
Homeowners insurance$73
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Assessed value from the Cook County Assessor (open records). Estimated market ≈ assessed × 10 for residential; not an appraisal — verify with the assessor.
Features
Natural GasBrickPublic SewerYes
Schools nearby
Mildred Lavizzo Elementary School · 0.2 mi
Kwame Nkrumah Academy · 0.3 mi
All Saints School · 0.3 mi
Roseland Christian School · 0.3 mi
Langston Hughes Elementary School · 0.5 mi
This listing didn’t include assigned schools, so these are the closest schools (OpenStreetMap) — not necessarily the attendance-zoned schools. Confirm assignment with the district.