**Prime Development Opportunity - 7221 S. Sangamon St., Chicago, IL 60621** Don't miss this opportunity to acquire a **standard Chicago lot measuring approximately 25' x 125'** in the rapidly evolving Englewood community. Zoned **RS-3**, this parcel offers an excellent opportunity for builders, developers, and owner-occupants looking to construct a new single-family residence in an area experiencing continued investment and revitalization and have sold for over $400k. The neighborhood is benefiting from ongoing public and private investment, with numerous rehabilitation projects and new residential construction throughout the surrounding area. Recent fully renovated two-flats have sold in the **low-to-mid $400,000s**, demonstrating strong buyer demand for quality housing, while additional renovated and income-producing two-unit properties are actively being marketed from the **mid-$300,000s to nearly $500,000**, depending on size, finishes, and condition. Conveniently located near major transportation corridors, Kennedy-King College, parks, schools, and neighborhood amenities, this property is positioned within a community that continues to attract developers seeking affordable land with significant upside potential. The nearby Englewood Nature Trail and other community redevelopment initiatives are further contributing to the area's long-term growth and appeal. Whether you're looking to build your next home, add to your investment portfolio, or capitalize on one of Chicago's emerging neighborhoods, **7221 S. Sangamon** offers an exceptional opportunity to invest in the future of Englewood.
28 days
|
16
|
1
|
Zillow last checked:
Listing updated:
Listed by:
David Thomas773-301-7966,
Blue Door Dave Inc
Source: MRED as distributed by MLS GRID,MLS#: 12702751
Facts & features
Property
Features
Frontage length: 25
Lot
Size: 3,125 Square Feet
Dimensions: 25X125
Details
Parcel number: 20292130090000
Zoning: SINGL
Special conditions: Standard
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: $9,380
Annual tax amount: $188
Date on market: 7/12/2026
Ownership: Fee Simple
Road surface type: Asphalt
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
$1,824/mo
Price history
Date
Event
Price
7/12/2026
Listed for sale
$12,500-50%
Source: MRED as distributed by MLS GRID #12702751Report a problem
12/1/2022
Listing removed
--
Source: MRED as distributed by MLS GRID #11340406Report a problem
5/17/2022
Price change
$25,000-16.7%
Source: MRED as distributed by MLS GRID #11340406Report a problem
3/7/2022
Listed for sale
$30,000+20.5%
Source: MRED as distributed by MLS GRID #11340406Report a problem
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.