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    3942 W Gladys Ave Chicago, IL 60624

    Under Contract
    For Sale
    $119,900

    Land - Chicago, IL

    Lot size:
    0.28 Acres
    Days on Market:
    20
    Last Refresh:
    Dec 7 at 8:06 pm

    Property Features for 3942 W Gladys Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    COMMR
    APN
    16141080120000
    Lot size
    0.28 Acres

    Building Details

    Architectural style
    Other

    RE/MAX Legends (708) 655-5000 [email protected]

    Listing agent Edgardo Guerrero (630) 216-8000 License #475159071

    Listing date Nov 18, 2025

    MLS# 12454211 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 an excellent development opportunity in Chicago, IL. The site consists of four contiguous lots, each 25 feet wide, offering approximately 124 x 100 total lot size. The property is zoned RM-5 according to the City of Chicago zoning regulations, but ideal use may be commercial building or strip mall. The location features significant frontage on Pulaski and Gladys, situated on busy Pulaski Street, one block away from 290. The zoning allows for high-density residential development, offering flexibility for potential investors looking to develop and build cash flow.
    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 Gym & Fitness 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
    -87.725224
    Latitude
    41.876453

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    FAQs

    What type of property is this?
    Commercial land - Four contiguous lots near 290, ideal for commercial development.
    Where is this commercial land located?
    The property is located at 3942 W Gladys Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $119,900.
    What are key features of this property?
    This property features: - Excellent Development Opportunity: Ideal for commercial or high-density residential development.; - RM-5 Zoning: Allows for a variety of development options.; - Prime Location: Incredible frontage on Pulaski and Gladys.
    (630) 216-8000
    Request Owner's contact information
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    Chicago, IL 60624
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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
    3942 W Gladys Ave Chicago, IL 60624
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