Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    328 S Spaulding Ave Chicago, IL 60624

    For Sale
    $109,500

    Land - Chicago, IL

    Lot size:
    0.15 Acres
    Days on Market:
    104
    Last Refresh:
    Dec 7 at 11:06 pm

    Property Features for 328 S Spaulding Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    OTHER
    APN
    16142200200000
    Lot size
    0.15 Acres

    Building Details

    Architectural style
    Other

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

    Listing agent Michael Hulett (312) 751-0300 License #475111996

    Listing date Aug 26, 2025

    MLS# 12455110 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

    Oversized Corner Lot in Chicago

    This oversized corner lot, measuring 50 x 129, is located in Chicago, IL. The property is zoned RM-5, allowing for high-density development. With a FAR of 2.0, a 12,900 square foot building plus a basement can be constructed. The minimum square footage per unit is 400 square feet, or 200 square feet for efficiency/SRO units. Situated directly across from a recently renovated park and playground, the location offers convenient access to public transportation, including a 5-minute walk to the CTA Blue Line at Kedzie, a 2-minute drive to I-290, and a quick CTA bus line to the Loop just a block away. The East Garfield Park area is experiencing substantial new construction and project development, complemented by a thriving arts scene, including the Carroll Arts District and Garfield Park Conservatory. Located within an Opportunity Zone (Zone #1703171300), the property offers potential tax benefits for mid-term and long-term investors. A recent survey is available.
    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 Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7087938
    Latitude
    41.8763623

    Nearby Similar for Sale

    • $2,350,000

      Renovated Multifamily Building in Rogers Park

      Completely renovated 4-unit building near Loyola University and the Red Line.
      1535 W Estes Ave, Chicago, IL 60626
      View Details
    • $4,240,000

      Bronzeville Collection: Turnkey Investment Opportunity

      Classic Chicago 23-unit building with 20 parking spaces.
      4840 S Indiana Ave, Chicago, IL 60615
      View Details
    • $8,360,000

      Bronzeville Multifamily Investment Opportunity

      Completely renovated 31-unit apartment building near Green Line.
      4358 S Prairie Ave, Chicago, IL 60653
      View Details
    • $699,900
      0.07 Acres

      Residential Income Greystone in Chicago

      Brick building with oversized units in a desirable Chicago location.
      4615 S Vincennes Ave, Chicago, IL 60653
      View Details
    • New
      $699,999
      0.07 Acres

      Turnkey Two-Flat Investment Property

      Modernized two-flat in Chicago, ideal for investors or owner-occupants.
      321 S Richmond St, Chicago, IL 60612
      View Details
    • $1,399,000
      10,500 SF

      Renovated Flex Building in Chicago

      Modernized 10,500 SF flex building in a vibrant Chicago neighborhood.
      526 N Western Ave, Chicago, IL 60612
      View Details

    FAQs

    What type of property is this?
    Commercial land - High-density zoned land near transportation and amenities.
    Where is this commercial land located?
    The property is located at 328 S Spaulding Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $109,500.
    What are key features of this property?
    This property features: - Oversized 50 x 129 double corner lot with high-density RM-5 zoning and FAR of 2.0, allowing for a 12,900SF building plus basement.; - Located in an Opportunity Zone (Zone#1703171300) offering substantial tax benefits for investors.; - Ideal proximity to public transportation: 5 min walk to CTA Blue Line, 2 min drive to I-290, and a quick CTA bus line to the Loop.
    (312) 751-0300
    Request Owner's contact information
    328 S Spaulding Ave Chicago, IL 60624
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    328 S Spaulding Ave
    Chicago, IL 60624
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    328 S Spaulding Ave Chicago, IL 60624
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.