7221 S Sangamon Street, Chicago, IL 60621
Cook County
Key Facts
Description
**Prime Development Opportunity - 7221 S. Sangamon St., Chicago, IL 60621** Don't miss this opportunity to acquire a **standard Chicago lot measuring approximately 25' x 125'** in the rapidly evolving Englewood community. Zoned **RS-3**, this parcel offers an excellent opportunity for builders, developers, and owner-occupants looking to construct a new single-family residence in an area experiencing continued investment and revitalization and have sold for over $400k. The neighborhood is benefiting from ongoing public and private investment, with numerous rehabilitation projects and new residential construction throughout the surrounding area. Recent fully renovated two-flats have sold in the **low-to-mid $400,000s**, demonstrating strong buyer demand for quality housing, while additional renovated and income-producing two-unit properties are actively being marketed from the **mid-$300,000s to nearly $500,000**, depending on size, finishes, and condition. Conveniently located near major transportation corridors, Kennedy-King College, parks, schools, and neighborhood amenities, this property is positioned within a community that continues to attract developers seeking affordable land with significant upside potential. The nearby Englewood Nature Trail and other community redevelopment initiatives are further contributing to the area's long-term growth and appeal. Whether you're looking to build your next home, add to your investment portfolio, or capitalize on one of Chicago's emerging neighborhoods, **7221 S. Sangamon** offers an exceptional opportunity to invest in the future of Englewood.
Property Information
Property Type
Land
Lot Dimensions
25X125
Ownership
Fee Simple
Zoning
SINGL
Days on Market
7
MLS® Listing#
12702751
Property Features
Financial Details
Annual Taxes
$188
Tax year 2024
Parcel Number
20292130090000
Directions
South to 75th, west to Sangamon, north to the address 7221
Affordability Calculator
$2,500
Estimated monthly payment
$67/mo
Principal $10,000 · Est. interest $13,951 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Chicago, IL
- $388,137
- Median Listing Price
- 47
- Median Days on Market
- 1,429
- Median Sq Ft
- $276
- Median Price / Sq Ft
- 4,628
- Active Listings
- This home’s price is 97% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Chicago, IL.
Location
Points of Interest in Chicago, IL
Showing the Chicago area map.
Nearby Schools
Guggenheim Elementary School
Elementary · 0.1 mi away
Stagg Elementary School
Elementary · 0.3 mi away
True Christian Fellowship Baptist Church
School · 0.3 mi away
Chicago Public Schools
Elementary · 0.3 mi away
Chicago Public Schools
Elementary · 0.4 mi away
Chicago Public Schools
School · 0.4 mi away
Dr Martin Luther King, Junior Academy of Social Justice
Elementary · 0.4 mi away
Oglesby Elementary School
Elementary · 0.6 mi away
Wentworthel Ementary School
Elementary · 0.6 mi away
John P Altgeld Elementary School
Elementary · 0.6 mi away
Chicago Urban Day School
School · 0.6 mi away
Robeson High School
Secondary · 0.7 mi away
St Sabina Academy
Secondary · 0.8 mi away
Community Youth Development Institute
Secondary · 0.8 mi away
Leo High School
Secondary · 0.9 mi away
Englewood Stem High School
Secondary · 0.9 mi away
Benjamin E. Mays Elementary Academy
Elementary · 0.9 mi away
Chicago Public Schools
Elementary · 0.9 mi away
Perkins Bass Elementary School
Elementary · 0.9 mi away
Parker Community Academy
School · 1.0 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 6521 S Emerald Avenue, Chicago, IL | $9,000 | — | — | — |
| 12129 S Parnell Avenue, Chicago, IL | $9,000 | — | — | — |
| 12017 S Wallace Street, Chicago, IL | $9,000 | — | — | — |
| 3836 W Flournoy Street, Chicago, IL | $9,500 | — | — | — |
| 1751 N Western Avenue P1, Chicago, IL | $9,500 | — | — | — |
| 7820 S Escanaba Avenue, Chicago, IL | $9,990 | — | — | — |
Moving Cost Estimate
EXIT Agents in Chicago
Listing Courtesy: Blue Door Dave Inc - 3123441487
Last Updated: 2026-07-12