Rare opportunity to acquire a vacant land site in one of Chicago’s most rapidly transforming residential corridors. Currently zoned M1-2, the property is uniquely positioned within a predominantly RT-4 neighborhood experiencing significant new construction activity, including luxury single-family homes exceeding $1 million and high-quality condominium developments commanding $500,000+ sales prices. The site offers substantial upside through rezoning potential, with ownership open to supporting a zoning change to align with surrounding residential use. This creates a compelling opportunity for developers to capitalize on strong market demand and maximize density in a proven, high-absorption location. Additionally, the property benefits from its adjacency to a long-vacated city alley, presenting the potential to acquire additional land from the City of Chicago. This assemblage could expand the total site to approximately 50′ x 108′, allowing for enhanced design flexibility and increased development scale.
Property Details
Price:
$409,000
MLS #:
MRD12639028
Status:
Active
Beds:
0
Baths:
0
Type:
Land
Neighborhood:
chilowerwestside
Listed Date:
May 5, 2026
Schools
School District:
299
Interior
Exterior
Financial
Tax Year
2024
Taxes
$2,676
Listing Agent & Office
Angelo Labriola
Sperry Van Ness
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929 W Cullerton Street
Chicago, IL


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