Redevelopment Land Near Multifamily
1716 W Webster Avenue Chicago, IL 60614
1716 W Webster Avenue, Chicago, IL, 60614
$6,950,000
For Sale
$6,950,000
LAND - Chicago, IL
Lot Size1.12 Acres
Days on Market10
Property Features for 1716 W Webster Avenue
General Information
- Property type
- Land
- Property subtype
- Other
- Standard status
- Active
- APN
- 14312000340000
- Lot size
- 1.12 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 232422
Utilities
- Utilities
- Water Available
- Water front
- 1
Listing Agency
Keller Williams ONEChicago
(312) 216-2422
2211 N Elston Ave STE 400, Chicago, IL
Listed by
Anthony Hardy · License #475139834
(312) 216-2422
Added: Jul 8 Checked: Jul 17 at 10:06 pm
MLS# 12699197
Listing URL
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.
The offering is a commercial land parcel at 1716 W Webster Avenue in Chicago, totaling approximately 1.12 acres (about 48,879 SF). The site is being marketed as a redevelopment opportunity with flexibility for future project planning, subject to buyer due diligence on feasibility and approvals.
The property is currently zoned C3-3 (Commercial, Manufacturing and Employment District). Based on the stated zoning framework, housing is not permitted by-right; a residential or mixed-use plan would likely require a zoning map amendment to a residential-allowing district and/or a Planned Development, depending on the final program and intensity.
The immediate area demonstrates successful mid-rise execution, with a newly delivered peer apartment project directly across the street (Triangle Square Apartments at 1701 W Webster Ave, completed 2025). Any proposed residential redevelopment will require confirmation of entitlement path, achievable density, and site-specific development design, including parking and loading solutions and an amenity approach appropriate for the target product type.
The property is currently zoned C3-3 (Commercial, Manufacturing and Employment District). Based on the stated zoning framework, housing is not permitted by-right; a residential or mixed-use plan would likely require a zoning map amendment to a residential-allowing district and/or a Planned Development, depending on the final program and intensity.
The immediate area demonstrates successful mid-rise execution, with a newly delivered peer apartment project directly across the street (Triangle Square Apartments at 1701 W Webster Ave, completed 2025). Any proposed residential redevelopment will require confirmation of entitlement path, achievable density, and site-specific development design, including parking and loading solutions and an amenity approach appropriate for the target product type.
Key Highlights
- Approximately 48,879 SF land at 1716 W Webster Ave, Chicago, IL 60614
- Utilities: water available
- Currently zoned C3‑3; housing not permitted by‑right, likely needs zoning map amendment and/or Planned Development
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Redevelopment site zoned C3-3, spanning approximately 1.12 acres and suited for a future mid-rise strategy pending approvals.
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 land at 1716 W Webster Ave, Chicago, IL 60614; Utilities: water available; Currently zoned C3‑3; housing not permitted by‑right, likely needs zoning map amendment and/or Planned Development
