33 Realty Lists Chicago Lawn Development Site
7400 S. Rockwell LLC has retained 33 Realty’s Sean Connelly and Chet Kondas to market 7400 S. Talman Ave., an improved 18-acre residential development site in the South Side’s Chicago Lawn neighborhood. Asking price is $5 million.
“New housing product is extremely limited in the neighborhood,” said Kondas. “For a developer who wants to step in and build right away, the project is ready to start.”
Formerly home to a Kraft Foods plant that closed in 2003, the vacant land site is fully entitled. All infrastructure work is complete.
The previous redevelopment agreement with the city permitted construction of 139 single-family homes, 10 of which are already built, and senior housing, which is also complete. Multifamily development may be an option with approval from the city.
“This will be one of the larger residential development projects on the city’s South Side and a terrific addition to the neighborhood,” added Connelly.