Commercial Land Parcel Near
For Sale
$3,600,000
1223 W Lake Street, Chicago, IL 60607
Land, Chicago, IL
Property SizeContact for details
Days on Market330
Property Features for 1223 W Lake Street
General Information
Property type
Land
Property subtype
Other
Elementary school district
299
Middle school district
299
High school district
299
Directions
Lake just west of Racine
Subdivision
CHI - Near West Side
Standard status
Active
APN
17083260080000
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
8258
Utilities
Utilities
Water Available
Listing Agency:
McAllister Real Estate
(630) 354-0444
Listed By:
Christopher McAllister · License #471002408
(630) 642-6427
Added: Sep 29, 2025
Changed: Aug 19
Last Checked: Aug 24 at 5:06PM
MLS# 12483303
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering is a commercial land parcel at 1223 W Lake Street in Chicago, IL 60607. The property is presented as development-ready land with the flexibility to support a variety of projects.
Public remarks note the site’s proximity to the “L” and its placement within the Fulton Market District, near Downtown. The surrounding area is described as a mix of new mixed-use buildings, condominiums, luxury apartments, and refurbished industrial buildings.
With land availability characterized as limited in the remarks, this parcel is positioned for buyers seeking a central Chicago location for their planned use.
Public remarks note the site’s proximity to the “L” and its placement within the Fulton Market District, near Downtown. The surrounding area is described as a mix of new mixed-use buildings, condominiums, luxury apartments, and refurbished industrial buildings.
With land availability characterized as limited in the remarks, this parcel is positioned for buyers seeking a central Chicago location for their planned use.
Key Highlights
- Land in the city’s core, positioned in the Fulton Market District
- Water available
- Location near the “L”
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,410
Businesses Nearby
Explore this area
Business Placement
Demographics for 60607, IL
31,816
Population
16,540
Households
1.9
Avg Household Size
31
Median Age
81%
College-Educated
97%
High-School Grad
2.3 sq mi
ZIP Area
13,833
Density / Sq Mi
$126,307
Median Household Income
$79,870
Median Earnings
$2,333
Median Rent
$494,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Development land at 1223 W Lake Street, positioned near the “L” in the Fulton Market District.
Where is this commercial land located?
The property is located at 1223 W Lake Street Chicago, IL.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Land in the city’s core, positioned in the Fulton Market District; Water available; Location near the “L”
