Entitled Residential Development
For Sale
Contact for pricing
2200 N Delany Rd, Waukegan, IL 60087
Rezoned to R6 and supported by the City for a 364-unit residential development with mass-grading permits approved.
Property SizeContact for details
Lot Size22.73 Acres
Days on Market257
Property Features for 2200 N Delany Rd
General Information
Standard status
Active
Lot size
22.73 Acres
Property subtype
LAND
Zoning
R6
Additional Details
Multifamily Units
364
Listing Agency:
Colliers | Chicago Downtown
(847) 975-8358
Listed By:
Tyler Hague · License #475177222
(847) 975-8358
Source:
Moodyscre
Added: Dec 3, 2025
Changed: Aug 8
Last Checked: Apr 19 at 5:05PM
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 Colliers | Chicago Downtown
Investment Insights
Based on property information with market context.
This sale offers an entitled residential development site rezoned to R6 residential for a planned 364-unit project. Mass-grading permits have been approved, and building and garage permits are currently in progress. The offering includes the full development package, such as the entitled land, approved permits, and related documents, drawings, assets, naming rights, digital assets, and marketing materials.
The property was originally zoned for townhomes, and the City of Waukegan remains supportive of build-to-rent (BTR) or single-family rental (SFR) product development at this location, providing flexibility in meeting market demand.
For buyers seeking a ready-to-proceed path with active permitting, the package is structured to support continued development under the current rezoning and approvals.
The property was originally zoned for townhomes, and the City of Waukegan remains supportive of build-to-rent (BTR) or single-family rental (SFR) product development at this location, providing flexibility in meeting market demand.
For buyers seeking a ready-to-proceed path with active permitting, the package is structured to support continued development under the current rezoning and approvals.
Key Highlights
- Site rezoned to R6 residential for a 364‑unit residential development, with City of Waukegan support
- Mass‑grading permits approved for the 364‑unit project
- Building and garage permits are in progress
Property Analytics
Property Profile
Current Use
Lease Details
364
Residential units
Location Intelligence
Trade Area within ½ mile
100
Businesses Nearby
Explore this area
Business Placement
Demographics for 60087, IL
28,207
Population
10,047
Households
2.8
Avg Household Size
36
Median Age
18%
College-Educated
77%
High-School Grad
13.0 sq mi
ZIP Area
2,170
Density / Sq Mi
$79,162
Median Household Income
$38,929
Median Earnings
$1,294
Median Rent
$185,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Rezoned to R6 and supported by the City for a 364-unit residential development with mass-grading permits approved.
Where is this residential land & home lot located?
The property is located at 2200 N Delany Rd Waukegan, IL.
What are key features of this property?
This property features: Site rezoned to R6 residential for a 364‑unit residential development, with City of Waukegan support; Mass‑grading permits approved for the 364‑unit project; Building and garage permits are in progress
