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    855 N California Ave Chicago, IL 60622

    For Sale
    $1,200,000

    Land - Chicago, IL

    Days on Market:
    51
    Last Refresh:
    Dec 11 at 3:06 am

    Property Features for 855 N California Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    APN
    16014240010000

    Building Details

    Architectural style
    Other

    Chicagoland Brokers Inc. (773) 745-1000 [email protected]

    Listing agent Ewa Zalupska (773) 745-1000 License #475138166

    Listing date Oct 22, 2025

    MLS# 12500900 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

    Ready-to-Build Chicago Lot

    This vacant lot is ready for construction and includes plans for a seven-unit residential building with units ranging from 1350 to 2000 square feet, as well as one commercial unit featuring an 18-foot sidewalk. The plans also incorporate 12 parking spaces and an elevator. The property is located in Chicago, Illinois.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.696395
    Latitude
    41.8973004

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    FAQs

    What type of property is this?
    Commercial land - Vacant lot with plans for residential and commercial units.
    Where is this commercial land located?
    The property is located at 855 N California Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Ready to build: Vacant lot with pre-approved plans.; - Multi-unit development: Approved for 7 residential units and 1 commercial unit.; - Varied residential unit sizes: Plans include units ranging from 1350 sq.ft to 2000 sq.ft.
    (773) 745-1000
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    Chicago, IL 60622
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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
    855 N California Ave Chicago, IL 60622
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