It’s not every day when a nearly ¾ acre lot with Lake Michigan as its backdrop comes on the market. Koenig & Strey associate, Shiree Booker from the Lincoln Park office has recently listed 7651 S. South Lake Shore Drive, a parcel of land consisting of three contiguous lots totaling approximately ¾ of an acre. This 30,000 square foot parcel of land is adjacent to Rainbow Park, Rainbow Beach and Lake Michigan.
Shiree takes us on a video tour of this unique beachfront land development opportunity. The land is zoned RM5 and is a complete teardown/relocation of Field Pullman Heyworth house. While this home has historical significance, it is not on the landmark registry and can be torn down along with the other structures on this 3-lot parcel of land. Any structure over 30 feet tall will have lake and city views. Located in Chicago’s South Shore neighborhood, this location is the gateway to the recently announced $4 billion McCaffery Interests’ 600-acre Steel Mill lakeside development project.