700 South Kedzie Avenue

700 South Kedzie Avenue

Chicago, IL 60612

$1,000,000
Price
33,000 / 0.76
Lot Size / Acres
an aerial view of residential houses with outdoor space
an aerial view of residential houses with outdoor space
an aerial view of residential houses with outdoor space
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an aerial view of residential houses with outdoor space
an aerial view of residential houses with outdoor space and swimming pool
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a view of multiple houses with a yard
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a view of an ocean
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Description

Eight figure multi-million-dollar investment opportunity for a savvy and capable developer looking to break ground in Chicagoland's smoking hot East Garfield Park neighborhood! Located just 10 minutes away from the Chicago Loop, this three-quarter of an acre lot is prime for development! Multiple pins totaling .7522 acres or 32,768 square feet, this parcel of land stretches an entire city block! Zoned PD999 allowing for both residential, campuses, mixed-use, tall buildings, and commercial development...Eight figure multi-million-dollar investment opportunity for a savvy and capable developer looking to break ground in Chicagoland's smoking hot East Garfield Park neighborhood! Located just 10 minutes away from the Chicago Loop, this three-quarter of an acre lot is prime for development! Multiple pins totaling .7522 acres or 32,768 square feet, this parcel of land stretches an entire city block! Zoned PD999 allowing for both residential, campuses, mixed-use, tall buildings, and commercial development with city approval. Partner with the City of Chicago to secure millions in TIF funds in the effort to develop similar East Garfield Park projects such as, The Garfield Green Affordable Housing Development (82 units), the Affordable Housing Project (43 units), and the Garfield Green Apartments (81 units). These are all local development projects that secured millions in TIF funding! The subject parcel and lots have enough square footage to build 60+ residential units! A renovated 6-unit within a 1-mile radius just sold for $1,400,000 - there is enough square footage to build 10 of these structures on this block! There is also upside to build 30+ sizable condo units! 3-bedroom condos sell for $250,000 - $275,000 within a square mile radius. With the right development strategy and the continuing upward trends in this neighborhood, there is a $10M-$16M valuation upside and seven figures in annual revenue to be achieved. With city approval, retail space can be built on the ground level and taller structures can be developed which would allow for more residential units - all strategies detailed above assume a standard 3 story building structure. This land sits on excellent strategic location for development - proximity to downtown, the interstate, public transportation and walking distance to the Chicago Police Department. Property is located in a Tax Increment Financing (TIF) District! Please act swiftly as this opportunity will not last long!
  1. Listed by Michael Applegate • Straight-A Realty, LLC

Property Details for 700 South Kedzie Avenue

Area
CHI - East Garfield Park
Township
West Chicago
Ownership
Fee Simple
Num Of Cars
0.0
Zoning
PUD

Location

Listing Courtesy of Straight-A Realty, LLC
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LISTING UPDATED: 11/06/2023 12:07 AM

Property Details for 700 South Kedzie Avenue

StatusActive
MLS #11920447
Days on Market350
Taxes$15,908 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand
Year Built-
Lot Size0.76 AC
CountyCook County

Location

Listing Courtesy of Straight-A Realty, LLC
Add your commute

Building Information for 700 South Kedzie Avenue

Lot Size0.76 AC

Payment Calculator

$6,783 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,457

Property Taxes

$1,326

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 700 South Kedzie Avenue

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Location and General Information
  • Frontage Length: 264
  • Frontage Type: City Street
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Basement Bathrooms: No
  • Num of Baths: 0.0
Exterior Features
  • Backup Package: No
Utilities / Equipment
  • Utilities: Electric Nearby, Gas Nearby, Sanitary Sewer, Sewer-Storm Available, Water-Municipal
Property/Lot Information
  • Lot Size: .50-.99 Acre
  • Lot Dimensions: 264X125
  • Approx Land Sq Footage: 33000
  • Buildings on Land: No
  • Waterfront: No
  • General Information: None
  • North Coordinate: 0
  • South Coordinate: 700
  • East Coordinate: 0
  • West Coordinate: 3200
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2023-10-31T14:41:34
  • Photos Count: 15
  • OpenHouse Count: 0
Miscellaneous
  • Current Use: Development
  • Road Surface: Asphalt
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No

Property History for 700 South Kedzie Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 700 South Kedzie Avenue

Taxable ValueLand$2,368Additions-Total$2,368
Tax Record2022$489 ($41 / month)
Home Facts
Beds0Baths4Total Finished SqFt4,755 SqFtAbove Grade Finished SqFt4,755 SqFtStories3Lot Size2,016 SqFtStyleMiscellaneous Vacant LandYear Built1894CountyCOOKAPN16-14-407-042

Schools near 700 South Kedzie Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Gregory Math & Sci Elementary Academy
Public - PK to 8
Manley Career Academy High School
Public - 9 to 12
Kellman Corporate Community Elementary School
Public - PK to 8
Locke A Elementary Charter Academy
Charter - K to 8
Rating
School
Distance
Gregory Math & Sci Elementary Academy
PublicPK to 8

Manley Career Academy High School
Public9 to 12

Kellman Corporate Community Elementary School
PublicPK to 8

Locke A Elementary Charter Academy
CharterK to 8

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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More information about 700 South Kedzie Avenue, Chicago, IL 60612

700 South Kedzie Avenue is a 0.76 ac of land for sale in Chicago, IL 60612. This property was listed for sale on October 31, 2023 by Straight-A Realty, LLC, it's currently listed at $1,000,000. It has been on the market for a total of 350 days and was last sold on May 4, 2007. This listing's school district is City Of Chicago School District 299. Nearby schools include Gregory Math & Sci Elementary Academy, Manley Career Academy High School and Kellman Corporate Community Elementary School. 700 South Kedzie Avenue is a 0-bed, 0-bath, 0.76 ac of land on a 33,000 sq. ft. / 0.76 acres lot.

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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Straight-A Realty, LLC

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. Based on information submitted to the MLS GRID as of 11/06/2023 12:07 AM. 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.