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...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.

Listing Agents

  1. Ben Lalez

    Ben Lalez

    Listing Agent

    Compass

    ben.lalez@compass.com

    P: (312)-789-4054

  2. James Bellavia

    James Bellavia

    Alternative Listing Agent

    Compass

Sold By Core Realty & Investments Inc.

Property Details for 1347 West Taylor Street

Area
CHI - Near West Side
Township
North Chicago
Ownership
Fee Simple
Num Of Parking Spaces
0.0
Zoning
MULTI
LISTING UPDATED: 07/01/2025 08:22 PM

Property Details for 1347 West Taylor Street

StatusClosed
MLS #12297278
Days on Market95
Taxes$2,422 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand
Year Built-
Lot Size0.06 AC
CountyCook County
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Building Information for 1347 West Taylor Street

Lot Size0.06 AC

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Principal and Interest

$1,764

Property Taxes

$202

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Property Information for 1347 West Taylor Street

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Location and General Information
  • Frontage Length: 24.25
  • Frontage Type: City Street
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Basement Bathrooms: No
  • Num of Baths: 0.0
Exterior Features
  • Backup Package: No
Utilities / Equipment
  • Utilities: Electricity Nearby, Natural Gas Nearby, Water Nearby
Property/Lot Information
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 24.25X102.90
  • Approx Land Sq Footage: 2641
  • Buildings on Land: No
  • Waterfront: No
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • North Coordinate: 0
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 1347
Property and Assessments
  • Possible Use: Commercial, Development, Residential, Multi-Family, Retail
  • Public Document Count: 0
  • Photos Count: 5
  • OpenHouse Count: 0
Miscellaneous
  • Road Surface: None
Virtual Tour/Additional Media
  • Virtual Tour: Image360+realtor
  • Virtual Tour YN: Yes

Property History for 1347 West Taylor Street

DateEvent & SourcePriceAppreciation
Jul 1, 2025

Sold

MRED #12297278

$362,000
Jun 25, 2025

Sold (Public Record)

Public Record #1905999836

$362,000
Jun 25, 2025

Sold (Public Record)

Public Record #1910229129

$362,000
May 29, 2025

Pending

MRED #12297278

May 29, 2025

Contingent

MRED #12297278

Apr 23, 2025

Price Change

MRED #12297278

$399,900
Apr 17, 2025

Listed (Active)

MRED #12297278

$449,900
Apr 11, 2025

Price Change

MRED #12297278

$399,900
Apr 10, 2025

Contingent

MRED #12297278

Feb 25, 2025

Listed (Active)

MRED #12297278

$449,900
Feb 24, 2025

Listed (Active)

MRED #12297278

$449,900
DateEvent & SourcePrice
07/01/2025

Sold

MRED #12297278

$362,000
06/25/2025

Sold (Public Record)

Public Record #1905999836

$362,000
06/25/2025

Sold (Public Record)

Public Record #1910229129

$362,000
05/29/2025

Pending

MRED #12297278

05/29/2025

Contingent

MRED #12297278

04/23/2025

Price Change

MRED #12297278

$399,900
04/17/2025

Listed (Active)

MRED #12297278

$449,900
04/11/2025

Price Change

MRED #12297278

$399,900
04/10/2025

Contingent

MRED #12297278

02/25/2025

Listed (Active)

MRED #12297278

$449,900
02/24/2025

Listed (Active)

MRED #12297278

$449,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1347 West Taylor Street

Taxable ValueLand$11,587Additions$147Total$11,734
Tax Record2023$2,484 ($207 / month)
Home Facts
Beds0Lot Size2,575 SqFtStyleMiscellaneous ResidentialYear Built1984CountyCOOKAPN17-17-326-006

Schools near 1347 West Taylor Street

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - 7 to 11
Public - 9 to 12
Rating
School
Distance
Smyth J Elementary School
PublicPK to 8

Wells Community Academy High School
Public9 to 12

Art in Motion Charter School
Charter7 to 11

York Alternative High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 07/01/2025 08:22 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.