MLS #MRD12570303 image #0MLS #MRD12570303 image #1MLS #MRD12570303 image #2MLS #MRD12570303 image #3MLS #MRD12570303 image #4MLS #MRD12570303 image #5MLS #MRD12570303 image #6MLS #MRD12570303 image #7
Pleased to present 1471 E 67th St, Chicago, IL 60637-a vacant mixed-use retail and residential asset being offered for redevelopment/land value. The property is fully vacant and currently configured with 7 commercial units, 12 studio apartments, and 4 one-bedroom apartments. The retail and residential portions require a full renovation, creating a clear value-add path to reposition the building and restore the apartments as income-producing units. Neighborhood Overview: South Shore & East Woodlawn South Shore-bordering the fast-evolving East Woodlawn corridor-has become a key target for South Side reinvestment due to its lakefront proximity, strong neighborhood identity, and accelerating development pipeline. Proximity to Major Developments: Located near Jackson Park and the Obama Presidential Center, positioning the site to benefit from increased foot traffic, visibility, and long-term economic lift. Mixed-Use Upside: B3-3 zoning supports community shopping districts and encourages a blend of commercial and residential uses, ideal for developers pursuing modern mixed-use concepts. Rising Investment Momentum: The submarket is seeing increased public and private investment, strengthening the long-term fundamentals for redevelopment plays. Positive Economic Indicators for South Shore Development Activity: Continued neighborhood investment and nearby catalytic projects are expected to support value growth and future demand for both housing and neighborhood-serving retail. Transit Connectivity: Excellent access via the South Shore Metra line and multiple CTA bus routes, providing efficient connections to downtown and major employment nodes. Residential Demand Tailwinds: Growing interest from professionals and families is increasing demand for quality housing-supporting mixed-use projects that integrate retail, services, and residential living.

Property Details

Price:
$500,000
MLS #:
MRD12570303
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
chisouthshore
Listed Date:
Feb 16, 2026
Total Sq Ft:
13,283
Year Built:
1913
Chi – South ShoreChisouthshore

Schools

Interior

Cooling
None

Exterior

Construction Materials
Brick, Block
Stories
3

Financial

Tax Year
2024
Taxes
$42,556

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Mike Gonet was born, raised, and raised his family in the Putnam County Area. He has successfully run a family-owned real estate business for over 40 years with Gonet Real Estate & Land Co. He has extensive experience (and thoroughly enjoys) selling vacant land, farm ground, and commercial properties. When Mike has free time, he enjoys spending it with his 4 adult children and many grandkids by watching baseball and college basketball and playing golf. His experience and expertise in real estat…

More About Michael
1471 E 67th Street
Chicago, IL

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