7221 S Sangamon Street, Chicago, IL
  • $12,500

Description

**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.

  • Listing Courtesy of: Blue Door Dave Inc

Details

Updated on July 15, 2026 at 6:00 am
  • Property ID MRD12702751
  • Price $12,500
  • Property Type Land
  • Property Status Active
  • Parcel Number 20292130090000
  • MLS Status New
  • Cumulative Days On Market 2
  • Tax Annual Amount 188.43
  • Directions South to 75th, west to Sangamon, north to the address 7221
  • Zoning SINGL
  • Address 7221 S Sangamon Street
  • City Chicago
  • State/county IL
  • Zip/Postal Code 60621
  • Country United States

Overview

Property ID: MRD12702751
  • Land
  • Property Type

Mortgage Calculator

Monthly
  • Down Payment
  • Loan Amount
  • Monthly Mortgage Payment
  • Property Tax
  • Home Insurance
  • PMI
  • Monthly HOA Fees
$
%
%
%
$
$
%