Prime 25x125 (3,125 sq ft) vacant lot zoned B1-1 (Neighborhood Shopping District) located at 7417 S Racine Ave in Chicago's Englewood neighborhood. Positioned directly adjacent to an established Dollar General, this parcel offers strong visibility and immediate commercial synergy. B1-1 zoning allows for a variety of retail, office, service-based businesses, and mixed-use development (residential units above commercial). Ideal opportunity for investors, developers, or owner-operators seeking to build in an active corridor with existing foot and vehicle traffic. Standard 25-foot Chicago lot frontage provides flexibility for storefront or mixed-use construction. Convenient access to public transportation and major roadways. Drive by and bring your development vision to life.
Englewood, located between Washington Park and West Englewood, is a historic and residential Chicago neighborhood with a grid of classic brick two-flats and broad commercial corridors. The neighborhood’s energy concentrates along West 63rd Street near South Halsted Street, where storefront blocks, murals, and corner shops set a street-level rhythm. Hamilton Park’s fieldhouse and greenspace give the area a strong civic anchor. Kennedy-King College adds a campus presence and steady daytime motion along 63rd. The Englewood Square development frames a modern retail-and-services node beside the college. Side streets mix worker cottages, greystones, and tidy bungalows, creating a grounded, architectural patchwork.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Commuter bus access nearby
Exterior features
25-foot frontage on a city street
Public road frontage
Asphalt road surface
Home design
Land parcel (no buildings)
Construction
Fee simple ownership
Financial info
Annual property tax approximately $494 (2024)
No special service area
Other
Parcel number 20292240070000
Lot dimensions approximately 25 x 125
Lot size less than 0.25 acre
Located in Chicago (Hyde Park township)
Directions: 79th Street to Racine, north to address
Electricity and solar
View estimated energy costs and solar savings for this home
Attention investors/rehabbers!! Don't miss this diamond in the rough. Property is in need of some repairs, mostly in basement. Cash or rehab loans only. Property sold as-is condition. Lot size estimated, no survey provided. Proof of funds or rehab pre-qual to be submitted with all offers. Priced to sell!!
MRED as Distributed by MLS Grid #07194626
Dec 2, 2009
Listing Removed
—
Apr 21, 2009
Listed
*
MRED as Distributed by MLS Grid #06400574
Apr 29, 2008
Listing Removed
—
Feb 2, 2007
Listed
*
MRED as Distributed by MLS Grid #06333015
Jan 31, 2007
Listing Removed
—
Nov 6, 2006
Listed
*
Year
Property tax
Land + Additions
Assessment*
2023
$494 (+2.6%)
$2,343
2022
$482 (+2.3%)
$2,343
2021
$471 (−9.7%)
$2,343
2020
$522 (−8.5%)
$2,343
2019
$570 (+1.7%)
$2,343 + $495
$2,838
2018
$561 (+88.2%)
$2,343 + $495
$2,838
2017
$298 (−45.0%)
$2,031 + $673
$2,704
2016
$542 (+9.4%)
$2,031 + $673
$2,704
2015
$495 (+7.8%)
$2,031 + $673
$2,704
2014
$459 (+2.0%)
$1,875 + $602
$2,477
2013
$450 (+1.2%)
$1,875 + $602
$2,477
2012
$444 (−18.9%)
$1,875 + $602
$2,477
2011
$548 (−0.4%)
$2,343 + $1,038
$3,381
2010
$550 (+23.7%)
$2,343 + $1,038
$3,381
2007
$445
$2,374 + $934
$3,308
Public record
Public record
Zoning
Beds
3
Baths
1.5
Stories
2
Lot width
—
Lot depth
—
Lot size
3,125 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
1,428
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,428
Year built
1891
Style
Single Family Residential
County
Cook County
APN
20292240070000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 13, 2026.
B1-1
Neighborhood Shopping District
The B1, Neighborhood Shopping district is intended to accommodate a broad range of small-scale retail and service uses.; B1 zoning is intended to be applied in compact nodes at the intersection of two or more major streets or in a cohesive linear fashion along relatively narrow streets that have low traffic speeds and volumes (compared to multi-lane, major streets).; The B1 district is intended to exhibit the physical characteristics of storefront-style shopping streets that are oriented to pedestrians.; The B1 district permits residential dwelling units above the ground floor.; The B1 district can be combined with the dash 1, dash 1.5, dash 2, dash 3 or dash 5 bulk and density designations
Permitted uses
Include but are not limited to:
Bank
Day care facility
General retail
Restaurant
Housing-Other
Bed & breakfast
Mixed use
Office
Library
Post office
Historical weather
Chicago, IL • 60620
Average low and high temperatures (°F)
31
17
39
25
55
36
62
44
68
51
81
64
86
71
82
67
79
62
69
51
52
39
37
25
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
70/ 100
Good sunlight
Sunscore
This home receives average direct sun exposure in the zip code. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
7.8 hrs
3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 7417 S Racine Ave
$40,591
$4,409 under list price of $45K
Nearby comparable homes
The Redfin Estimate uses 5 recent nearby sales, priced between $25K to $240K.