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    1406 W Morse Ave Chicago, IL 60626

    Picture of Commercial land at W Morse Ave 1406, Chicago, IL
    For Sale
    $1,300,000

    Land - Chicago, IL

    Days on Market:
    25
    Last Refresh:
    Dec 8 at 7:06 am

    Property Features for 1406 W Morse Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    11321130170000

    Building Details

    Architectural style
    Other

    Landstar Realty Group, Inc. (847) 478-0202 [email protected]

    Listing agent Isaac Jolcover (847) 677-5050 License #475193399

    Listing date Nov 14, 2025

    MLS# 12478584 Listing URL

    Copyright © 2025 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.

    Overview

    Rogers Park Development Opportunity

    This property presents a prime development opportunity in Chicago's Rogers Park neighborhood. The site is a 50' x 172' (8,600 SF) lot with B3-3 zoning, situated directly next to the Morse Red Line station. A FAR of 3.0 allows for up to 25,800 buildable SF, potentially accommodating 21 or more residential units, with the possibility of 28 studio/efficiency units. The maximum building height is 65 ft. Located in a transit-served area, parking requirements may be reduced. There is space for at least 6 cars at the rear of the property. The ground floor is suitable for required commercial use, with the option to pursue special use through the ZBA for added flexibility. Surrounded by new developments, retail options, dining establishments, and Loyola University, the location is also just blocks from Lake Michigan. This site offers accessibility and growth potential in a vibrant Chicago neighborhood. The seller is open to JV partnership and other transaction options.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6663507
    Latitude
    42.0082524

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    FAQs

    What type of property is this?
    Commercial land - Development lot near Morse Red Line station in Chicago.
    Where is this commercial land located?
    The property is located at 1406 W Morse Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: - Prime location directly next to the Morse Red Line station.; - High-density zoning (B3-3) with a FAR of 3.0 allowing for up to 25,800 buildable SF and 21+ residential units.; - Located in a transit-served location, potentially reducing parking requirements.
    (847) 677-5050
    Request Owner's contact information
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    Chicago, IL 60626
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1406 W Morse Ave Chicago, IL 60626
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