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    2518 S Homan Ave Chicago, IL 60623

    For Sale
    $99,000

    Residential Income - Chicago, IL

    Days on Market:
    14
    Last Refresh:
    Dec 7 at 12:06 pm

    Property Features for 2518 S Homan Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    16262270310000
    Parking
    2

    Utilities

    Heating system
    Electric (Heating), Natural Gas

    Building Details

    Year built
    1888
    Architectural style
    Other

    Kale Realty (312) 939-5253 [email protected]

    Listing agent Zachary Rudzki (312) 939-5253 License #475185415

    Listing date Nov 24, 2025

    MLS# 12522256 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 Pilsen Vacant Land Opportunity

    This vacant property is located in the West Pilsen area, minutes from Pilsen's restaurants and nightlife, the West Loop, and Downtown Chicago. It offers access to the I-55 corridor and is within walking distance of 26th Street. Zoned RT4, this property is suitable for developers, investors, or owner-occupants looking to customize their next project. Plans are available. The property is being sold as-is and is a fire damaged property. It can be offered as a portfolio sale with 3122 W 25th St.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market 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
    -87.7103009
    Latitude
    41.8456742

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    FAQs

    What type of property is this?
    Land - Vacant land in West Pilsen, Chicago with RT4 zoning.
    Where is this land located?
    The property is located at 2518 S Homan Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $99,000.
    What are key features of this property?
    This property features: - RT4 Zoning offers development opportunities in West Pilsen.; - Prime location: Minutes from Pilsen, West Loop, and Downtown Chicago with I-55 access.; - Vacant property: A blank canvas for developers, investors, or owner-occupants.
    (312) 939-5253
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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
    2518 S Homan Ave Chicago, IL 60623
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