Development Opportunity in West Englewood TIF District

6308 S. Ashland Avenue Chicago, IL 60636

6308 S. Ashland Avenue, Chicago, IL, 60636
6308 S. Ashland Avenue, Chicago, IL, 60636 6308 S. Ashland Avenue, Chicago, IL, 60636 6308 S. Ashland Avenue, Chicago, IL, 60636 6308 S. Ashland Avenue, Chicago, IL, 60636 6308 S. Ashland Avenue, Chicago, IL, 60636 6308 S. Ashland Avenue, Chicago, IL, 60636 6308 S. Ashland Avenue, Chicago, IL, 60636 6308 S. Ashland Avenue, Chicago, IL, 60636
FOR SALE
Property Type:
Padsites
Amount:
$269,000
Last Verified:
Apr 14, 2025

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Highlights

  • ±0.32 AC Land with TIF Incentives
  • Frontage on S. Ashland and W 63rd
  • Signalized Intersection | Corner Lot
  • Steps to CTA Station and Bus Stop
  • Graded and previously developed lot

Description

SVN Chicago Commercial is pleased to present a land development opportunity located at 6308 S. Ashland Avenue (1601 W. 63rd Street) in Chicago, Illinois. This parcel is located in the West Englewood Community with the 63rd/Ashland TIF incentive. Graded pad, signalized intersection, steps to the CTA Metra Green Line Station and CTA Bus Stop. Prime development opportunity.
TIF Link: https://www.chicago.gov/city/en/depts/dcd/supp_info/tif/63rd_ashland_tif.html

Located at the intersection of W. 63rd Street and S. Ashland Avenue in Chicago, Illinois. This property is adjacent to the Ashland/63rd Metro Station Green Line in the West Englewood Community. Less than 2 miles to the Dan Ryan Expressway.

Lot Size: 0.32 acres


Documents

SVN - Sale Brochure 2025

Map of 6308 S. Ashland Avenue, Chicago, IL, 60636

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.