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    1682 N Ada St Chicago, IL 60642

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    For Sale
    $1,000,000

    Land parcel ready for development near the Chicago River.

    Property Features for 1682 N Ada St

    General Information

    Standard status
    Active

    Building Details

    Year built
    1909

    Source: @PROPERTIES CHRISTIE'S INTERNATIONAL REAL ESTATE Agent LUCAS BLAHNIK

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

    Overview

    Development Ready Land Parcel

    This land parcel offers over 5000 square feet across two levels. Utilities are already available on-site. The property includes a large overhead garage door and a curb cut. Situated along the North Branch of the Chicago River and adjacent to the Lincoln Yards/JDL development, this parcel is ready for development. The M3 zoning allows for a variety of uses. There is nearby development already in progress. There is a possibility to combine this parcel with contiguous parcels.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6625708
    Latitude
    41.9129927

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    FAQs

    What type of property is this?
    Commercial land - Land parcel ready for development near the Chicago River.
    Where is this commercial land located?
    The property is located at 1682 N Ada St Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: - Over 5000 square feet of space on two levels.; - M3 zoning allows for many uses.; - Located adjacent to the Lincoln Yards/JDL development.
    (773) 235-0300
    Request Owner's contact information
    1682 N Ada St Chicago, IL 60642
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    Chicago, IL 60642
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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
    1682 N Ada St Chicago, IL 60642
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