Active

700 S Kedzie Avenue

Chicago, IL 60612
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Acres0.76

Acre(Lot)

**RARE FULL-BLOCK DEVELOPMENT & INVESTMENT OPPORTUNITY - 700-720 S. KEDZIE AVE.** Exceptional opportunity for a developer, investor, nonprofit, institutional user or community-focused development team to control approximately **33,000 SF (.75+ acre) across SIX CONTIGUOUS PARCELS under one ownership**, providing approximately **264 feet of Kedzie Avenue frontage** and the scale, visibility and flexibility increasingly difficult to assemble in Chicago. Zoned **PD 999 (Planned Development)**, this site presents compelling long-term upside for a qualified buyer capable of pairing a strong development concept with City, political and community support. Potential concepts worth investigating include **multifamily or affordable/workforce housing, mixed-income development, senior housing, institut ional/educational uses, healthcare, community-serving development or other thoughtfully conceived projects**, subject to zoning and governmental approvals and any required amendment to the existing Planned Development. **THE FINANCIAL OPPORTUNITY IS IN THE SCALE:** nearly 33,000 contiguous SF creates multiple potential paths to value creation through redevelopment, income-producing residential development, institutional use, land banking and potential public/private development partnerships. Qualified purchasers should independently investigate available **TIF, affordable-housing, tax-credit, grant and other City/State economic-development programs** that may potentially improve project feasibility; no incentive or funding is represented or guaranteed by Seller. Importantly, prospective purchasers are encouraged to engage early with **28th Ward Alderman Jason C. Ervin, the City of Chicago and community stakeholders** regarding any proposed redevelopment. Based upon feedback received during prior marketing, **a gas-station concept was not favored**, creating an opportunity for a capable development team to bring forward a stronger neighborhood-serving vision. Strategically positioned just south of Harrison Street, **minutes from I-290/Eisenhower Expressway and Downtown Chicago**, with public-transit connectivity, major Kedzie frontage and the **Chicago Police Department's 11th District station nearby**, the property offers exceptional regional accessibility. Seller understands that maximizing this site's potential requires the **right buyer, capitalization, development plan and community/political relationships** and is prepared to negotiate a fair transaction with a financially capable purchaser positioned to execute. **BRING YOUR ARCHITECT, CAPITAL PARTNERS AND VISION-SELLER IS READY TO REVIEW SERIOUS OFFERS.** Buyer to independently verify zoning, PD requirements, allowable uses, density, utilities, environmental conditions, taxes, incentives and all governmental/community approvals.

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Detail Ic Property Details

Property Type : Land

Price : $1,000,000

AD Id : 89609210

MLS Id : MRD12734518

Lot Size : 0.76 Acre(Lot)

County : Cook

  • Map Map

Map

Feature Features

  • Water Source

    WaterSource: Municipal Water

  • Lot Information

    Lot Dimensions: 264X125 Lot Acres: 0.75 Lot Size: .50-.99 Acre

    Property Information

    Property Type: Land Sub Type: Land

  • Listing Price Information

    Original List Price:$1000000

  • Tax Information

    Annual Tax: $9591.14 Tax Year: 2024 Parcel Number: 16144070420000 Tax Exemption: None

  • Utility Information

    Electricity Nearby, Natural Gas Nearby, Sewer Nearby Sewer: Storm Sewer Water Source: Municipal Water
  • Location Information

    City: Chicago Direction: I-290 to Kedzie Ave, north on Kedzie to property at 700-720 S Kedzie Ave, just south of Harrison St.
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ByOwner last updated this listing 08/26/2026 @ 18:20

MLS: MRED #12734518 LISTED BY: Michael Applegate, Straight-A Realty, LLC 630-288-2446 SOURCE: Midwest Real Estate Data LLC (MRED) (Listings courtesy of Midwest Real Estate Data LLC (MRED) as distributed by MLS GRID)

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