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11241 S Michigan Ave
Land
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$125,000

11241 S Michigan Ave, Chicago

89% below median
0 bd·0 ba·0 sqft
8,276 sqft lotRoseland

11241 S Michigan Ave, Chicago, IL

0 bd · 0 ba · 0 sqft Land listed at $125,000 in the Roseland neighborhood.

About this home

1241 S Michigan is an 8,208 SF land site with frontage on Michigan Ave. The property is located steps to the Metra Station and just blocks away from the proposed CTA Red Line Expansion Project. While the current zoning is allocated for manufacturing or industrial use, the Roseland Chamber of Commerce would entertain a zoning change for the right Retail business.

Property details

Price
$125,000
Bedrooms
0
Bathrooms
0
Lot size
8,276 sqft
Type
Land
Days on market
178
Est. property tax
$2,600/yr · $217/mo · 2.08% IL avg
Last sold
$65,000 · Aug 2022

Estimated monthly payment

Down payment20% ($25,000)
Interest rate6.75%
Principal & Interest$649
Property Tax$115
Insurance$150
Total$913/mo

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Price history

$134K$81K$27K$58K on Nov 80 (Sold)$36K on Oct 03 (Sold)$65K on Aug 22 (Sold)$125K on Oct 25 (Initial list)
$58K · Nov 80$125K · Oct 25
  1. Oct 30, 2025$125,000Initial list price
  2. Aug 3, 2022$65,000Sold
  3. Oct 27, 2003$36,000Sold
  4. Nov 17, 1980$58,000Sold

Location

This home is located in Chicago, IL. Browse more Chicago listings on the Chicago market page or explore the full Chicago market report.

About Chicago: Chicago is the most populous city in the U.S. state of Illinois and in the Midwestern United States. Located on the western shore of Lake Michigan, it is the third-most populous city in the United States, with a population of 2.74 million at the 2020 census. The Chicago metropolitan area has 9.41 million residents and is the third-largest metropolitan area in the country. Chicago is the seat of Cook County, the second-most populous county in the U.S. (source: Wikipedia)

Climate: Average year-round temperature is 51°F with 211 dry days per year and 39.9 inches of annual rainfall.

Home Intelligence

Neighborhood (zip 60628)

Median age is 40.4; 14% hold a bachelor's degree; 56% of homes are owner-occupied; median household income is $48,601.

Median income
$48,601
Median age
40.4
Owner-occupied
56.1%
Bachelor's degree
13.9%
Census median home value
$150,900

Source: US Census Bureau American Community Survey 5-year estimates.

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