Description
Prime B3-2 zoned lot in Little Italy measuring 24.25' x 102.90' (approx. 2,641 sq. ft.) offers incredible development potential for a mixed-use or residential project. B3-2 zoning allows for ground-floor commercial with residential above or a multi-unit residential building, with a 2.2 FAR permitting up to 5,810 sq. ft. of buildable space and a maximum height of 50 feet (typically 3-4 stories). The lot supports up to two residential units by right plus commercial on the ground, with potential for zoning relief or variances. Located in a thriving area near UIC, Rush Medical District, and public transit, this is a great opportunity for investors or developers looking to capitalize on a high-demand neighborhood. Buyer to verify all zoning and development possibilities. Listing photos are conceptual and meant to illustrate potential development possibilities. Buyers are advised to conduct their own market and zoning research.
Details
| MLS # | 12297278 |
|---|---|
| Listing Type | For Sale |
| Style | Land |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Days On Site | 119 |
| Listing Provided By | Compass | Benyamin Lalez |
Features
| Zoning | MULTI |
|---|
Utilities
| Utilities | Electricity Nearby, Natural Gas Nearby, Water Nearby |
|---|
Taxes
| Property | 2422 |
|---|
Market Activity 60607
Request a showing
Request a showing
Contact
Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60607 |
| Area | CHI Near West Side |
| Listing VS Median (in 60607) | |
Price: $399,900 low | high Med: $360,000 On site: 119 low | high Med: 8.000000 | |
 | $400,000811 S Lytle StChicago, IL 60607 |