**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, institutional/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.
Vacant landProperty Type
0.75 acresLot Size
$1,333,333Price/Acres
Listed by Michael Applegate• Straight-A Realty, LLC
Homan Square, located between Garfield Park and North Lawndale, is a residential and civic Chicago neighborhood with a landmark central green and a campus-like streetscape. The neighborhood’s character concentrates around the Homan Square Park and the adjacent historic buildings, where brick facades, broad lawns, and community programming set the tone. The original Sears, Roebuck and Co. Administration Building anchors the area with early-20th-century industrial architecture and a strong sense of place. Side streets mix greystone two-flats, frame houses, and small apartment buildings that read as classic West Side Chicago. Douglass Park adds long paths and open fields, while the Pink Line at Kedzie provides a clear transit spine.
Provided by Walk Score and Local Logic
Property details
Exterior
Finance
Exterior features
Half-acre parcel
Lot dimensions approximately 264 x 125
City street frontage
Asphalt road access
Multiple parcels included (parcel numbers combined)
Home design
Land parcel (no buildings)
Construction
No structures on the land
Utilities
Municipal water available
Storm sewer
Electricity nearby
Natural gas nearby
Sewer connection nearby
Financial info
No special service area
2024 property tax information available
Electricity and solar
View estimated energy costs and solar savings for this home