5962 W Iowa Street Chicago, IL $ 45,000
5962 W Iowa Street
$ 45,000
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5962 W Iowa Street

Chicago, IL, 60651
$ 45,000
Baths0.0

Monthly Estimate*

$ 281

5962 W Iowa Street, Chicago, IL 60651 - Image 1
5962 W Iowa Street, Chicago, IL 60651 - Image 2
5962 W Iowa Street, Chicago, IL 60651 - Image 3
5962 W Iowa Street, Chicago, IL 60651 - Image 4
5962 W Iowa Street, Chicago, IL 60651 - Image 5
5962 W Iowa Street, Chicago, IL 60651 - Image 6
Studio

Lots and Land for sale in Chicago, IL

for $45,000. The lot size is 0.07.

Developer Alert: Prime RS-3 Zoned Lot at 5962 W Iowa, Chicago, Illinois. Unlock the potential of this 25' x 120' RS-3 zoned lot in Chicago's revitalizing Austin neighborhood. This offering includes professionally designed architectural plans crafted by the esteemed Rus Architects/Renderers, Inc. Led by Rus Blemker, a self-certified architect in Chicago with over 25 years of experience in custom residential design, these plans save you both time and money. Key Features include zoning flexibility: RS-3 zoning is tailored for single-family homes, but two-flats are permitted if the lot has at least 2,500 sq ft per dwelling unit. An exception allows for a reduced lot area per unit (1,500 sq ft) if 60% or more of the zoning lots on the same side of the street between the two nearest intersecting streets have been lawfully improved with buildings containing more than one dwelling unit. Top 5 Reasons Developers Are Investing in Austin: 1. City-Led Revitalization: Austin is a priority community under Chicago's INVEST South/West initiative, attracting significant public and private investment to spur economic growth. 2. Strategic Location: Proximity to major transportation corridors and public transit makes Austin highly accessible, appealing to both residents and businesses. 3. Affordable Entry Point: Compared to other Chicago neighborhoods, Austin offers more affordable land and property prices, providing higher potential returns on investment. 4. Community Engagement: Strong local organizations and community plans foster a collaborative environment for sustainable development, like Austin's quality of life plan called "Austin Forward. Together." 5. Growing Demand: With ongoing redevelopment projects and a focus on mixed-income housing, there's a rising demand for quality residential units in the area. Don't Miss Out! This isn't just a plot of land; it's an opportunity to be part of Austin's transformation. With included architectural plans and favorable zoning, you're set to make a meaningful impact. Act Now-opportunities like this are rare. Let's build the future of Austin together!

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Lots and Land Active

Price

$ 45,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 601

Style

Single Family

Lot Size

0.07

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12373299

Features
General
Utilities Electricity Nearby Natural Gas Nearby
Possession Closing
Zoning OTHER
Township West Chicago
Tax Year 2023
Current Use Single Family
Ownership Fee Simple
County Cook
Property Type Land Land
Possible Use Residential Multi-Family Single Family
Status Active
Directions Chicago to Austin to Iowa
City Chicago
High School District 299
MLS Area CHI - Austin
Tax Annual Amount 601.29
Additional Parcels Y/N N
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement None
Laundry Features None
Total Baths 0
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Exterior
Total Parking 0
Lot Dimensions 25 X119.8
Lot Size Acres 0.07
Road Surface Type Asphalt
Frontage Length 25
Frontage Type City Street
Waterfront Y/N N
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* Excluded Features
List By
Baird & Warner

Broker

thurston.gayle@bairdwarner.com

Email

Affordability Calculator

$331
Per Month
85%
15%
0%
Monthly Principal & Interest
$281
Monthly Property Taxes
$50
Monthly 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
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/12/2025$45,000 -40.00% Price Down
5/27/2025$75,000 Listed Price

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5962 W Iowa Street, Chicago, IL, 60651 is a Lots and Land for sale at $45,000 with a lot size of 0.07. 5962 W Iowa Street is a studio with 0.0 baths. The property's zip code is 60651 which is in Chicago, IL