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    2246 S Ridgeway Ave Chicago, IL 60623

    Picture of Land at S Ridgeway Ave 2246, Chicago, IL
    For Sale
    $68,000

    Land - Chicago, IL

    Days on Market:
    22
    Last Refresh:
    Dec 8 at 11:06 am

    Property Features for 2246 S Ridgeway Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    APN
    16261040510000

    Building Details

    Architectural style
    Other

    Realistic Realty LLC (773) 671-6857 [email protected]

    Listing agent Nima Shams (773) 671-6857 License #475178819

    Listing date Nov 17, 2025

    MLS# 12468780 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

    Chicago Land Development Opportunity

    This property presents a development opportunity in the South Lawndale/Little Village area of Chicago. Zoned C1-2, the large lot is located in a fast-appreciating area with ongoing development nearby. The property is adjacent to 2238 S Ridgeway, which is also for sale. Its location offers accessibility to the Neighborhood Opportunity Fund, the Chicago Opportunity Zones, and other citywide incentives. The site is situated just down the block from Family or Shedd Park.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.719
    Latitude
    41.8502661

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    FAQs

    What type of property is this?
    Land - Land in South Lawndale/Little Village with development potential.
    Where is this land located?
    The property is located at 2246 S Ridgeway Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $68,000.
    What are key features of this property?
    This property features: - C1-2 Zoning allows for various development types.; - Large lot size provides ample development opportunity.; - Located in the fast-appreciating South Lawndale/Little Village area.
    (773) 671-6857
    Request Owner's contact information
    2246 S Ridgeway Ave Chicago, IL 60623
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    Chicago, IL 60623
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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
    2246 S Ridgeway Ave Chicago, IL 60623
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