201 W 83rd Street Chicago, IL ^$ 499,000

201 W 83rd Street

^$ 499,000

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Recently Listed

201 W 83rd Street

Chicago, IL, 60620

^$ 499,000

Studio Baths0.0

Monthly Estimate*

^$ 3,113

201 W 83rd Street, Chicago, IL 60620 - Image 1

201 W 83rd Street, Chicago, IL 60620 - Image 2

201 W 83rd Street, Chicago, IL 60620 - Image 3

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201 W 83rd Street, Chicago, IL 60620 - Image 9

Studio

Lots and Land for sale in Chicago, IL

for $499,000. The lot size is 0.68.

Prime 0.68-acre (29,553 SF) outlot available in Chatham Market, one of Chicago's strongest South Side retail destinations anchored by Walmart and Lowe's. This highly visible site offers 130 feet of frontage on 83rd Street with daily traffic counts of 15,400+ cars, making it an ideal location for national tenants seeking high exposure. Surrounded by national brands including Chase, BMO Harris, Potbelly, GameStop, Planet Fitness, Aldi, and Home Depot, the property is perfectly suited for retail, office, or restaurant use. Zoning (PD 966, 83rd/Stewart TIF) allows for flexible development options, including a drive-thru restaurant up to 2,900 SF. Build-to-Suit for qualified National Tenants-making this a unique opportunity to secure space in a proven retail corridor without upfront development costs.

Lots and Land Active

Price

^$ 499,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 6,557

Style

Commercial

Lot Size

0.68

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12533013

Features

General

Utilities Electricity Nearby Natural Gas Nearby Water Nearby

Possession Closing

Township Lake

Tax Year 2023

Current Use Commercial

Ownership Fee Simple

County Cook

Property Type Land Land

Status New

Directions From 79th & Halsted: Head S on Halsted St to 83rd. Turn W on 83rd St. Property is on the N side of the street just W of S Elizabeth St.

City Chicago

High School District 299

MLS Area CHI - Chatham

Tax Annual Amount 6557

Standard Status Active

Middle/Junior School District 299

Elementary School District 299

Interior

Basement None

Laundry Features None

Total Baths 0

Exterior

Total Parking 0

Lot Dimensions Frontage

Lot Size Acres 0.68

Road Surface Type Dirt Gravel

Frontage Length 150

Frontage Type City Street

Waterfront Y/N N

* Excluded Features

List By

Kawash Group

Broker

Nedal@kawashgroup.com

Affordability Calculator

$3,660

Per Month

Monthly Principal & Interest: $3,113
Monthly Property Taxes: $546
Monthly Home Insurance: --

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Loan Term

Interest Rate

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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 ^$325,118

Percent of Sale Price 35%

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
12/15/2025	$499,000		Listed Price

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201 W 83rd Street, Chicago, IL, 60620 is a Lots and Land for sale at $499,000 with a lot size of 0.68. 201 W 83rd Street is a studio with 0.0 baths. The property's zip code is 60620 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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Data is updated as of 12/18/2025.

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201 W 83rd Street

Lots and Land for sale in Chicago, IL

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