Exceptional opportunity to acquire a nearly 9,000 square foot flat lot under PD zoning, offering unmatched flexibility for future development. Located just steps from the Western CTA station and minutes from the United Center, this site benefits from both transit connectivity and proximity to Chicago’s iconic entertainment hub. Adding remarkable upside, a recently approved $7 billion redevelopment plan known as the “1901 Project” will transform more than 55 acres surrounding the arena into a vibrant mixed-use district over approximately 15 years. Plans include a 6,000-seat music hall, hotel, new public green spaces, retail, up to 9,500 residential units with a portion designated as affordable housing, and creative open plazas. The first phase is expected to begin in 2025 and will include the music hall, boutique hotel, rooftop park atop a parking structure, and extensive pedestrian-friendly infrastructure. With its flat topography, excellent visibility, and this catalytic neighborhood transformation underway, the property is exceptionally well positioned for mixed-use, multifamily, retail, professional office, or other innovative development concepts, subject to city approval. This is a rare chance to secure a prime site in one of Chicago’s most dynamic growth corridors.
Property Details
Price:
$170,000
MLS #:
MRD12468985
Status:
Active Under Contract
Beds:
0
Baths:
0
Address:
338 S Artesian Avenue
Type:
Land
Neighborhood:
chinearwestside
City:
Chicago
Listed Date:
Sep 10, 2025
State:
IL
ZIP:
60612
Schools
School District:
299
Interior
Exterior
Financial
Tax Year
2023
Taxes
$3,934
Listing Agent & Office
Sang Han
Platinum Partners Realtors
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338 S Artesian Avenue
Chicago, IL
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