Redevelopment Land
For Sale
$6,950,000
Pending
1716 W Webster Avenue, Chicago, IL 60614
Large infill site zoned C3-3 with redevelopment flexibility and a recent mid-rise apartment project across the street.
Property SizeContact for details
Lot Size1.12 Acres
Days on Market67
Property Features for 1716 W Webster Avenue
General Information
Standard status
Pending
Lot size
1.12 Acres
Property subtype
LAND
Zoning
C3-3
Taxes and HOA fees
Annual Taxes
$232,421
Listing Agency:
Keller Williams ONEChicago 773-575-6082 Overview Other property details Taxes $232,422 Tax Frequency Annually Waterfront Yes Coldwell Banker Dawn McKenna Group Request a tour Contact agent Request a tour Contact agent Listed by Anthony Hardy with Keller Williams ONEChicago 773-575-6082
Listed By:
Anthony Hardy
Source:
Dawnmckennagroup
Added: Jul 8
Changed: Sep 8
Last Checked: Sep 11 at 3:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams ONEChicago 773-575-6082 Overview Other property details Taxes $232,422 Tax Frequency Annually Waterfront Yes Coldwell Banker Dawn McKenna Group Request a tour Contact agent Request a tour Contact agent Listed by Anthony Hardy with Keller Williams ONEChicago 773-575-6082
Investment Insights
Based on property information with market context.
The offering is for a commercial land parcel totaling approximately 48,879 SF, presented as a redevelopment opportunity. The site is positioned for buyers to evaluate feasibility and redevelopment planning based on program requirements and design considerations.
The property is currently zoned C3-3 (Commercial, Manufacturing and Employment District), which is intended to support business and employment uses and does not permit housing by-right. A residential or mixed-use redevelopment incorporating dwelling units would likely require a zoning map amendment and/or a Planned Development, subject to confirmation through zoning counsel and a preliminary massing study.
The surrounding area demonstrates a mid-rise residential format can be executed along the corridor, including a newly completed peer project directly across the street, Triangle Square Apartments (completed 2025). This context can support buyer due diligence around achievable design outcomes and compatibility with an amenity package appropriate to contemporary multifamily delivery.
The property is currently zoned C3-3 (Commercial, Manufacturing and Employment District), which is intended to support business and employment uses and does not permit housing by-right. A residential or mixed-use redevelopment incorporating dwelling units would likely require a zoning map amendment and/or a Planned Development, subject to confirmation through zoning counsel and a preliminary massing study.
The surrounding area demonstrates a mid-rise residential format can be executed along the corridor, including a newly completed peer project directly across the street, Triangle Square Apartments (completed 2025). This context can support buyer due diligence around achievable design outcomes and compatibility with an amenity package appropriate to contemporary multifamily delivery.
Key Highlights
- Approximately 48,879 SF infill site at 1716 W Webster Ave, Chicago, IL 60614
- Zoned C3‑3 (Commercial, Manufacturing and Employment District); housing is not permitted by‑right
- Residential or mixed‑use redevelopment would likely require a zoning map amendment and/or a Planned Development—confirm with zoning counsel
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,834
Businesses Nearby
Explore this area
Business Placement
Demographics for 60614, IL
73,173
Population
38,089
Households
1.9
Avg Household Size
31
Median Age
86%
College-Educated
98%
High-School Grad
3.2 sq mi
ZIP Area
22,867
Density / Sq Mi
$139,561
Median Household Income
$86,386
Median Earnings
$2,019
Median Rent
$730,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Commercial land - Large infill site zoned C3-3 with redevelopment flexibility and a recent mid-rise apartment project across the street.
Where is this commercial land located?
The property is located at 1716 W Webster Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $6,950,000.
What are key features of this property?
This property features: Approximately 48,879 SF infill site at 1716 W Webster Ave, Chicago, IL 60614; Zoned C3‑3 (Commercial, Manufacturing and Employment District); housing is not permitted by‑right; Residential or mixed‑use redevelopment would likely require a zoning map amendment and/or a Planned Development—confirm with zoning counsel
