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    1416 W Grand Ave Chicago, IL 60642

    Sponsored
    Picture of Land at W Grand Ave 1416, Chicago, IL
    For Sale
    $599,000

    Land - Chicago, IL

    Days on Market:
    175
    Last Refresh:
    Jan 8 at 4:06 pm

    Property Features for 1416 W Grand Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    17081230350000

    Building Details

    Architectural style
    Other

    Dream Town Realty (312) 265-8000 [email protected]

    Listing agent Peter Fotopoulos (312) 265-8000 License #471010854

    Listing date Jul 18, 2025

    MLS# 12210423 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

    West Town Vacant Land Available

    This vacant land is located in West Town, Chicago. The property is zoned RS3 and does not require demolition. New construction is present throughout the block. The location offers city views and proximity to the expressway, West Loop, and Downtown.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store 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
    -87.662989
    Latitude
    41.891305

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    FAQs

    What type of property is this?
    Land - Vacant land in West Town, ready for new construction.
    Where is this land located?
    The property is located at 1416 W Grand Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - Ready-to-go vacant lot in West Town.; - Zoned RS3 for residential construction.; - No demolition needed.
    (312) 242-1000
    Request Owner's contact information
    1416 W Grand Ave Chicago, IL 60642
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    Chicago, IL 60642
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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
    1416 W Grand Ave Chicago, IL 60642
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