$50,000
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.
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5820 Sangamon Street, Chicago, IL 60621 — Cook County
IL License 475.178467 · (847) 810-8438
* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.
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