Redevelopment Land
For Sale
$6,950,000
1716 W Webster Avenue Chicago, 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 Market44
Property Features for 1716 W Webster Avenue Chicago
General Information
Standard status
Active
Lot size
1.12 Acres
Property subtype
Land
Zoning
C3-3
Taxes and HOA fees
Annual Taxes
$232,421
Amenities
City Street
465X298
1.12
Yes
465
Asphalt
Listing Agency:
KW Commercial Chicago - Lincoln Park
(847) 558-6808
Listed By:
Debbie Hundal · License #475184338
(847) 558-6808
Source:
Remaxadream
Added: Jul 11
Changed: Aug 23
Last Checked: Jul 24 at 6:20AM
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 KW Commercial Chicago - Lincoln Park
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
Property Profile
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
Questions? Ask Rey
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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 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
