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    2553 W Washington Blvd Chicago, IL 60612

    Picture of Commercial land at W Washington Blvd 2553, Chicago, IL
    For Sale
    $299,000

    Land - Chicago, IL

    Lot size:
    0.05 Acres
    Days on Market:
    89
    Last Refresh:
    Dec 13 at 10:06 am

    Property Features for 2553 W Washington Blvd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    OTHER
    APN
    16124230110000
    Lot size
    0.05 Acres

    Building Details

    Architectural style
    Other

    troy real estate llc (312) 593-5552 [email protected]

    Listing agent Yusuf Ozer (312) 593-5552 License #471020410

    Listing date Sep 16, 2025

    MLS# 12470798 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

    Vacant Land in Near West Side

    This expansive, oversized vacant lot is located in the heart of the highly desirable Near West Side neighborhood of Chicago. Zoned B2-3, the land is suitable for development projects. The lot measures 42 by 135 feet, encompassing an approximate area of 5670 square feet or 0.05 acres.
    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
    -87.6906222
    Latitude
    41.8827074

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    FAQs

    What type of property is this?
    Commercial land - Oversized vacant lot in Chicago's Near West Side neighborhood.
    Where is this commercial land located?
    The property is located at 2553 W Washington Blvd Chicago, IL.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: - Highly desirable Near West Side location; - Rare opportunity to own an oversized vacant lot; - Zoned B2-3 for development
    (312) 593-5552
    Request Owner's contact information
    2553 W Washington Blvd Chicago, IL 60612
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    Chicago, IL 60612
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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
    2553 W Washington Blvd Chicago, IL 60612
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