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    315 S Washtenaw Ave Chicago, IL 60612

    Sponsored
    Picture of Residential land & home lots at S Washtenaw Ave 315, Chicago, IL
    For Sale
    $55,000

    LAND - Chicago, IL

    Days on Market:
    6
    Last Refresh:
    Jan 10 at 1:06 pm

    Property Features for 315 S Washtenaw Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    APN
    16132170230000

    Jameson Real Estate LLC (312) 335-3291 [email protected]

    Listing agent Robert Grilli (708) 337-2385

    Listing date Jan 5, 2026

    MLS# 12392672 Listing URL

    Copyright © 2026 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

    East Garfield Park Multifamily Land

    Located in East Garfield Park, this property is zoned RT-4, presenting opportunities for multifamily development. The site is situated approximately 1.2 miles from the planned 1901 Development. The location offers convenient access to public transportation and nearby amenities. This property is suitable for investors interested in the area's revitalization.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -87.693418
    Latitude
    41.876964

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    FAQs

    What type of property is this?
    Residential land & home lot - Land in prime location, ideal for multifamily development.
    Where is this residential land & home lot located?
    The property is located at 315 S Washtenaw Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $55,000.
    What are key features of this property?
    This property features: - Rt-4 zoning allows for multifamily development; - Located 1.2 miles from the 1901 Development; - Prime East Garfield Park location
    (708) 337-2385
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    315 S Washtenaw Ave 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
    315 S Washtenaw Ave Chicago, IL 60612
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