5820 S Sangamon ST new Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60621
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12318356
Bedrooms 4
Year Built 1908
Annual Tax Amount $738
Tax Year 2023
Lot Dimensions 25X125
Property Sub-Type Two to Four Units
Property Description
Calling ALL experienced developers! Here is an excellent opportunity to renovate and add equity to this brick 2 unit. After repair value for 2 units are $350K+ - Leave this as a 2 unit or completely transform this property into something else! Zoned RS-3. This property is in a prime location as it is just blocks away from Kennedy-King College, minutes from I-90 Expressway and located right next to the Englewood Nature Trail. The trail is envisioned as an agro-eco district with plans that include spaces for urban agriculture, community gardens, food markets, and educational/community facilities. The trail also aims to address the food access issues and promote environmental sustainability within the community. The project has secured substantial funding, including a $20 million federal grant and additional support from state and philanthropic sources. Construction is anticipated to begin in 2026, with the trail expected to open as early as 2027. The Englewood Nature Trail is designed not only as a recreational path but also as a catalyst for urban agriculture and community development. This development emphasizes serving the existing residents of Englewood, with measures to prevent displacement and promote local economic opportunities. The trail is a unique and community-driven project that aims to revitalize an underutilized rail corridor into a vibrant space that supports environmental sustainability, local agriculture, and community well-being.
Location
State IL
County Cook
Area Chi - Englewood
Zoning MULTI
Rooms
Basement Unfinished,Full
Interior
Heating Natural Gas
Fireplace N
Building
Dwelling Type Two to Four Units
Building Description Brick, No
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
School District 299 ,299, 299
Others
Ownership Fee Simple
Special Listing Condition REO/Lender Owned