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Apartment Building Redevelopment Site
For Sale
$675,000

446 N Pine Avenue, Chicago, IL 60644

MULTI_FAMILY - Chicago, IL

Property SizeContact for details
Lot Size0.29 Acres
Days on Market29

Property Features for 446 N Pine Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 11
Bathrooms 8
Full bathrooms 8
Rooms Bathroom 4, Bedroom 1, Bedroom 10, Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 8, Bathroom 6, Bedroom 7, Bedroom 11, Bedroom 6, Bedroom 9, Bathroom 8, Bathroom 5, Bathroom 7, Bathroom 1, Bathroom 3, Bathroom 2
Directions N. Central to W. Race to Pine Ave.
Subdivision CHI - Austin
Standard status Active
APN 16091210180000
Lot size 0.29 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 7893

Building Details

Year built 1898
Floors in Building 3
Number of units 6
Listing Agency: eXp Realty
Listed By: Cesar DeSouza · License #475180218
Added: Jul 20 Changed: Aug 2 Last Checked: Aug 17 at 4:06PM
MLS# 12709810

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.

Investment Insights

Based on property information with market context.

This apartment building redevelopment site at 446 N Pine Avenue includes a structure with Year Built of 1898 and sits on a 0.2925-acre lot. The property has already seen significant improvements, including a brand-new roof and a complete interior gut renovation with framing in place, providing a head start for a future multi-unit project.

The site is zoned MULTI and is described as allowing construction of up to 14 residential units. The sale includes two separate PINs, giving flexibility for redevelopment planning. The current configuration includes multiple bedrooms and bathrooms, supporting a multi-room residential design.

Buyers should complete their own due diligence regarding zoning, permitted uses, and development opportunities, as redevelopment requirements and final approvals can vary by project scope.

Key Highlights

  • 0.2925‑acre redevelopment lot at 446 N Pine Avenue
  • Zoned MULTI and described as allowing up to 14 residential units
  • Brand‑new roof already installed

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Skin Care Clinic Parking Lot & Garage Acupuncture (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,359
Businesses Nearby

Demographics for 60644, IL

47,239
Population
20,619
Households
2.3
Avg Household Size
36
Median Age
11%
College-Educated
85%
High-School Grad
3.5 sq mi
ZIP Area
13,497
Density / Sq Mi
$37,952
Median Household Income
$31,304
Median Earnings
$1,096
Median Rent
$238,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Apartment building redevelopment site on 0.2925 acres, zoned MULTI, with a new roof and gut renovation framing in place.
Where is this apartment building located?
The property is located at 446 N Pine Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 0.2925‑acre redevelopment lot at 446 N Pine Avenue; Zoned MULTI and described as allowing up to 14 residential units; Brand‑new roof already installed
More about this property
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