Exceptional development opportunity in the heart of South Shore. This expansive 40,453 SF parcel (250' x 163') is zoned RT-4 and offers outstanding potential for a luxury single-family residence, duplex development, or multi-unit residential project. Surrounded by mature trees and positioned on a beautiful residential block, the site is ideally located near the Obama Presidential Center, Lake Michigan, the 71st Street retail corridor, and the South Shore Cultural Center. Nestled near the historic Jackson Park Highlands neighborhood and amid ongoing new construction and investment activity, this property presents a compelling opportunity for developers, builders, and long-term investors alike. Convenient access to Lake Shore Drive, CTA transit, and the Metra Electric enhances appeal for future residents and supports strong long-term value. The seller is willing to divide the property into either ten 25' x 163' parcels or five 50' x 163' parcels, offering added flexibility for a range of development plans. A builder is also in place and available to assist with project execution if desired.
Active
$600,000
7016 S East End Ave, Chicago, IL 60649
--beds
--baths
0.93Acres
Unimproved Land
Built in ----
0.93 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 100 days
- 35
- 0
Zillow last checked:
Listing updated:
Listed by:
Richard Lomax rich@gramercysold.com,
Fulton Grace Realty
Source: MRED as distributed by MLS GRID,MLS#: 12657831
Facts & features
Property
Features
- Frontage length: 250
Lot
- Size: 0.93 Acres
- Dimensions: 250 X 162
Details
- Parcel number: 20243240220000
- Zoning: MULTI
- Special conditions: None
Utilities & green energy
- Utilities for property: Electricity Nearby, Natural Gas Nearby, Sewer Nearby, Water Nearby
Community & HOA
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $61,140
- Annual tax amount: $1,232
- Date on market: 5/26/2026
- Ownership: Fee Simple
- Road surface type: Asphalt, Concrete
Estimated market value
Not available
Estimated sales range
Not available
$1,358/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/26/2026 | Listed for sale | $600,000+400% |
Source: | ||
| 9/13/2005 | Sold | $120,000+20% |
Source: Public Record Report a problem | ||
| 12/11/2003 | Sold | $100,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,232 -20.7% | $6,114 -16.7% |
| 2023 | $1,553 +3% | $7,336 |
| 2022 | $1,509 +2.3% | $7,336 |
| 2021 | $1,475 -9.7% | $7,336 |
| 2020 | $1,634 +10.9% | $7,336 |
| 2019 | $1,474 +1.7% | $7,336 |
| 2018 | $1,449 +3.2% | $7,336 +12.5% |
| 2017 | $1,404 +7.5% | $6,521 |
| 2016 | $1,306 +9.3% | $6,521 |
| 2015 | $1,195 +12.9% | $6,521 +14.3% |
| 2014 | $1,059 +2% | $5,706 |
| 2013 | $1,038 | $5,706 |
Find assessor info on the county website






