16,038 SF Corner Site with Potential for 16 Apartments

A 16,038 square foot development site at the corner of 58th St and Wabash Ave is available for sale. The large site can potentially be developed as apartments, an SRO building, senior housing or as town homes. Under its current zoning the site can support a 19,200 square foot building with up to 16 apartments or 32 SRO units. The site is graded and ready for development, with all utilities available to the site.

Washington Park, just west of the University of Chicago, is located just seven miles south of the Loop. The largely residential neighborhood includes the 372 acre park originally built for the 1892 World’s Fair. A number of public transportation routes provide service to the area in addition to the Dan Ryan Expressway.