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7018 S Stony Island Ave
Land
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$1,500,000

7018 S Stony Island Ave, Chicago

192+ days
0 bd·0 ba·0 sqft
South Shore

7018 S Stony Island Ave, Chicago, IL

0 bd · 0 ba · 0 sqft Land listed at $1,500,000 in the South Shore neighborhood.

About this home

Prime Commercial Lots for Sale 7018 & 7022 Stony Island Ave High-Traffic on Stony Island Near 71st Street. These two adjacent commercial lots are located directly on Stony Island Avenue-one of the busiest corridors in the Chicago metro area-offering unmatched exposure, accessibility, and investment potential. Just minutes from the upcoming Obama Presidential Center and Positioned right across from Dunkin', gas station, Starbucks, major grocery stores, and strong retail synergy with national brands nearby, this location offers constant foot and vehicle traffic all day long. Direct access from CTA bus stop at the front and walking distance to the METRA station. It's surrounded by a mix of thriving service businesses and sits within a stable, high-density residential community. Whether you're a developer, investor, or business owner, this is a rare opportunity to secure land in a proven retail destination with built-in demand and long-term growth potential. Zoning C1-2. Total 16,100 sqft. Both lots are sold as a package.

Property details

Price
$1,500,000
Bedrooms
0
Bathrooms
0
Type
Land
Days on market
192
Est. property tax
$31,200/yr · $2,600/mo · 2.08% IL avg
Last sold
$500,000 · May 2005

Estimated monthly payment

Down payment20% ($300,000)
Interest rate6.75%
Principal & Interest$7,783
Property Tax$1,375
Insurance$150
Total$9,308/mo

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Price history

$2.15M$1.25M$350K$500K on May 05 (Sold)$1M on Apr 25 (Initial list)$2.00M on Jul 25 (Price change)$1.50M on Oct 25 (Initial list)
$500K · May 05$1.50M · Oct 25
  1. Oct 16, 2025$1,500,000Initial list price
  2. Jul 1, 2025$1,999,000Price change
  3. Apr 27, 2025$1,000,000Initial list price
  4. May 16, 2005$500,000Sold

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 60649)

This neighborhood is primarily renter-occupied (25% owner-occupied). Median age is 37.5; 15% hold a bachelor's degree; median household income is $39,862.

Median income
$39,862
Median age
37.5
Owner-occupied
24.5%
Bachelor's degree
14.7%
Census median home value
$187,200

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

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