B2B-Zoned Development
New
For Sale
$520,000
2048 W Grand Avenue, Chicago, IL 60612
LAND - Chicago, IL
Property SizeContact for details
Lot Size0.05 Acres
Days on Market6
Property Features for 2048 W Grand Avenue
General Information
Property type
Land
Property subtype
Other
Elementary school district
299
Middle school district
299
High school district
299
Directions
West on W. Grand between N. Hoyne and N. Damen.
Subdivision
CHI - West Town
Standard status
Active
APN
17071240190000
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2225
Listing Agency:
Compass
(773) 466-7150
Listed By:
Kathryn Barry · License #475161626
Added: Aug 4
Changed: Aug 5
Last Checked: Aug 9 at 6:06PM
MLS# 12723955
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.
This 0.05-acre commercial land parcel at 2048 W Grand Avenue is currently vacant and was previously used as an urban garden. The lot measures 24 x 92 and is zoned B2B, which allows development of 2-4 unit residential, commercial, mixed-use, multifamily, or single-family properties. An adjoining two-unit frame building at 2050 W Grand is also offered separately or with this parcel, creating an option to assemble side-by-side lots.
The property sits at Grand Avenue and Hoyne with a bus stop directly in front. Ukrainian Village, the United Center development, and the West Loop are identified as nearby destinations. An additional mixed-use property at 2054 W Grand Avenue is also available, offering a potential five-parcel assemblage.
The property sits at Grand Avenue and Hoyne with a bus stop directly in front. Ukrainian Village, the United Center development, and the West Loop are identified as nearby destinations. An additional mixed-use property at 2054 W Grand Avenue is also available, offering a potential five-parcel assemblage.
Key Highlights
- 0.05‑acre vacant commercial land parcel at 2048 W Grand Avenue
- 24 x 92 lot zoned B2B
- B2B zoning allows 2‑4 unit residential, commercial, mixed‑use, multifamily, or single‑family development
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,404
Businesses Nearby
Explore this area
Business Placement
Demographics for 60612, IL
34,402
Population
16,763
Households
2.1
Avg Household Size
34
Median Age
41%
College-Educated
89%
High-School Grad
3.7 sq mi
ZIP Area
9,298
Density / Sq Mi
$60,457
Median Household Income
$46,582
Median Earnings
$1,330
Median Rent
$331,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Vacant commercial land with B2B zoning supporting residential, commercial, mixed-use, multifamily, and single-family development.
Where is this commercial land located?
The property is located at 2048 W Grand Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: 0.05‑acre vacant commercial land parcel at 2048 W Grand Avenue; 24 x 92 lot zoned B2B; B2B zoning allows 2‑4 unit residential, commercial, mixed‑use, multifamily, or single‑family development
