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    4242 N Cicero Ave Chicago, IL 60641

    For Sale
    $774,900

    Incredible lot in red hot Six Corners location!

    Property Features for 4242 N Cicero Ave

    General Information

    Standard status
    Active

    Source: KOLLER & ASSOCIATES, L.L.C Agent STEVEN KOLLER

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Six Corners Development Opportunity

    This property is located in the exciting Six Corners neighborhood, surrounded by new developments, including the Sears development/conversion. The existing single-story commercial/retail medical office is gutted and situated on a 90 x 125 lot. The current B3-1 zoning may allow for a potential zoning change to accommodate possibly 3 commercial ground floor units plus 6 additional residential units, totaling 9 units. Another potential option is 9 residential units, consisting of 3 duplexes and 6 simplex units, subject to City approval. The 30 feet of frontage allows for an extra wide footprint. Other options include keeping the existing structure and adding 2 floors with parking or creating ground-level parking and adding a floor. The property consists of 3 P.I.N.s: 1316410023, 1316410024, and 1316410025. A survey is available, and walk-throughs of the existing structure are available by appointment. Buyers should conduct their due diligence with their architect/planner and the City of Chicago regarding zoning before submitting an offer.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -87.747877
    Latitude
    41.9583606

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    FAQs

    What type of property is this?
    Commercial land - Incredible lot in red hot Six Corners location!
    Where is this commercial land located?
    The property is located at 4242 N Cicero Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $774,900.
    What are key features of this property?
    This property features: - Prime location in the rapidly developing Six Corners area, near the new Sears redevelopment.; - Large 90 x 125 lot with potential for rezoning to allow for a mixed-use development.; - Potential to add 2 floors or create ground-level parking and add a floor.
    Request Owner's contact information
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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
    4242 N Cicero Ave Chicago, IL 60641
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