B2B-Zoned Commercial
New
For Sale
$1,300,000
2050 W Grand Avenue, Chicago, IL 60612
Two adjoining parcels combine an existing rental structure with a vacant lot suited to multiple development formats.
Property Size1,798 SF
Days on Market4
Property Features for 2050 W Grand Avenue
General Information
Standard status
Active
Size
1,798 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$10,284
Building Details
Building Size
1,798 SF
Year Built
1890
Stories
2
Units
2
Listing Agency:
Compass
(773) 466-7150
Listed By:
Kathryn Barry · License #475161626
(773) 466-7150
Source:
Allinonerealestateco
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 10 at 11:08AM
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 Compass
Investment Insights
Based on property information with market context.
This commercial land offering includes two adjoining parcels at 2050 W Grand Avenue and 2048 W Grand Avenue. The 2050 parcel contains a frame two-unit building constructed in 1890 and currently leased on a month-to-month basis. The neighboring parcel is vacant and was previously used as an urban garden.
Both lots carry B2B zoning, which permits development for 2-4 unit residential, commercial, mixed-use, multifamily, or single-family properties. The parcels measure 24 x 92 each and may be acquired separately or together. A bus stop is located directly in front of the property, with Ukrainian Village, the United Center development, and the West Loop identified as nearby areas. The site is positioned at the Grand and Hoyne intersection.
Both lots carry B2B zoning, which permits development for 2-4 unit residential, commercial, mixed-use, multifamily, or single-family properties. The parcels measure 24 x 92 each and may be acquired separately or together. A bus stop is located directly in front of the property, with Ukrainian Village, the United Center development, and the West Loop identified as nearby areas. The site is positioned at the Grand and Hoyne intersection.
Key Highlights
- Two adjoining parcels offered separately or together
- B2B zoning allows 2‑4 unit residential, commercial, mixed‑use, multifamily, or single‑family development
- 2050 W Grand includes a frame two‑unit building constructed in 1890
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 - Two adjoining parcels combine an existing rental structure with a vacant lot suited to multiple development formats.
Where is this commercial land located?
The property is located at 2050 W Grand Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Two adjoining parcels offered separately or together; B2B zoning allows 2‑4 unit residential, commercial, mixed‑use, multifamily, or single‑family development; 2050 W Grand includes a frame two‑unit building constructed in 1890
