SEC 56th & Western
5601-5617 S Western | Chicago, IL 60636
$749,000
Sale Price
Property Details
| Sale Price: | $749,000 |
| Property Type: | Land |
| Lot Size: | 23,375 SF |
Property Description
The north lot is 9,375 sf, and the south lot is 14,000sf. The site is located at the southeast corner of 56th St & Western Ave. The site is currently zoned C2-2, which allows for a variety of uses. Property consists of 2 sites separated by an alley. The site was formerly occupied by a used car dealer. Currently, there are 2 structures on the site that were occupied by a used car dealer. Buildings could be renovated or torn down to accommodate a new development. The immediate area consists of many national and regional retailers, such as Dollar Tree, Dunkin Donuts, KFC, Advance Auto Parts, and a variety of independently owned retail, auto service businesses, and new/used car dealers. The neighborhood to the immediate east & west of Western Ave is densely populated with single and multifamily residences.
Location Description
1
Highlights
- SEC of 56th St & Western Ave
- North Lot: 9,375sf South Lot: 14,000sf
- 2 Sites included
- C2-2 Zoning
- 225ft frontage on Western Ave
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| 1 Miles | 3 Miles | 5 Miles | |
|---|---|---|---|
| Total households | 14,232 | 97,569 | 282,170 |
| Total population | 49,978 | 312,560 | 790,256 |
| Persons per household | 3.5 | 3.2 | 2.8 |
| Average household income | $59,936 | $66,773 | $73,680 |
| Per capita income | $17,124 | $20,866 | $26,314 |
| Average house value | $222,662 | $244,211 | $299,870 |
| Average age | 35 | 36 | 38 |
| Average age male | 35 | 36 | 37 |
| Average age female | 36 | 37 | 39 |
| Population hispanic | 77.7% | 67.2% | 47.5% |
| Population non-hispanic | 11,147 | 102,593 | 414,740 |
| Population white | 11.0% | 13.9% | 16.6% |
| Population black | 18.8% | 23.7% | 34.8% |
| Population american indian | 3.5% | 3.1% | 2.1% |
| Population asian | 0.5% | 3.6% | 6.0% |
| Population pacific islander | 0.1% | 0.1% | 0.0% |
| Population other | 46.7% | 37.6% | 26.3% |