3246 S Wells Street Chicago, IL ^$ 290,000

3246 S Wells Street

^$ 290,000

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3246 S Wells Street

Chicago, IL, 60616

^$ 290,000

Studio Baths0.0

Monthly Estimate*

^$ 1,809

3246 S Wells Street, Chicago, IL 60616 - Image 1

3246 S Wells Street, Chicago, IL 60616 - Image 2

3246 S Wells Street, Chicago, IL 60616 - Image 3

3246 S Wells Street, Chicago, IL 60616 - Image 4

Studio

Lots and Land for sale in Chicago, IL

for $290,000.

Located in Armour Square, 3246 S. Wells Street sits on one of the area's most highly sought-after blocks. Just blocks from Guaranteed Rate Field, this R4-zoned lot presents a fantastic opportunity for development or investment in one of Chicago's most established and centrally located neighborhoods. With easy access to major intersections, expressways, and public transportation, getting around the city is effortless. Plus, renowned Armour Square Park is just down the block, offering green space, sports fields, and recreational facilities. Armour Square is known for its historic character, proximity to downtown, and strong sense of community-making this an ideal location for your next project. An unbeatable opportunity in a prime location!

Lots and Land Active

Price

^$ 290,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 2,263

Style

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12312836

Features

General

Utilities None

Possession Closing

Township South Chicago

Tax Year 2023

Ownership Fee Simple

County Cook

Property Type Land Land

Status Active

Directions 31st Street West to Wells South to 3246

City Chicago

High School District 299

MLS Area CHI - Armour Square

Tax Annual Amount 2263

Standard Status Active

Middle/Junior School District 299

Elementary School District 299

Exterior

Total Parking 0

Lot Dimensions 20X125

Road Surface Type Asphalt

Frontage Length 20

Frontage Type City Street Alley Access

Waterfront Y/N N

Interior

Total Baths 0

* Excluded Features

List By

Jameson Sotheby's Intl Realty

Broker

nruffolo@jamesonsir.com

Affordability Calculator

$1,998

Per Month

Monthly Principal & Interest: $1,809
Monthly Property Taxes: $189
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Lots and land listings in Chicago, IL

Average List Price ^$345,301

Percent of Sale Price 19%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

566059 Elementary School

566846 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/15/2025	$290,000		Listed Price

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3246 S Wells Street, Chicago, IL, 60616 is a Lots and Land for sale at $290,000. 3246 S Wells Street is a studio with 0.0 baths. The property's zip code is 60616 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 12/8/2025.

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3246 S Wells Street

Lots and Land for sale in Chicago, IL

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