Lakeview Development Opportunity on
2311 W Belmont Ave, Chicago, IL 60618
For Sale
Contact for pricing
Pending
Development opportunity in Lakeview with B3-1 zoning and high foot traffic.
Property SizeContact for details
Days on Market279
Property Features for 2311 W Belmont Ave
General Information
Standard status
Property subtype
Zoning
Investment Type
Site & Location
Neighborhood
Building Details
Buildings
Stories
Listing Agency:
SVN | Chicago Commercial
Listed By:
Adam Thomas · License IL #062060446
(847) 219-6383
Source:
Crexi
Added: Feb 4
Changed: Aug 8
Last Checked: Aug 8 at 2:48PM
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 SVN | Chicago Commercial
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Investment Insights
Based on property information with market context.
This property presents a development opportunity along Belmont Avenue in Lakeview, featuring in-place B3-1 zoning that permits 1.2 FAR density with the potential to be up-zoned. The site includes an existing curb cut to maximize building footprint design. It is situated within highly sought-after CPS school districts and is surrounded by luxury residential housing and new developments. Lakeview is located on Chicago's North Side, bordered by West Diversey Parkway on the south, West Irving Park Road on the north, North Ravenswood Avenue on the west, and the shore of Lake Michigan on the east. The 2020 population of Lakeview was 103,050 residents. Lakeview includes West Lakeview and Lakeview East. The area attracts a diverse demographic and boasts robust foot traffic fueled by popular attractions and the bustling Belmont Avenue corridor. The property is ideal for developers or owner-users.
Key Highlights
- Rarely available development opportunity on Belmont Avenue in Lakeview.
- In‑place B3‑1 zoning permits 1.2 FAR density with potential for up‑zoning.
- Existing curb cut to maximize building footprint design.
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,301
Businesses Nearby
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Business Placement
Demographics for 60618, IL
90,316
Population
41,053
Households
2.2
Avg Household Size
35
Median Age
55%
College-Educated
89%
High-School Grad
5.0 sq mi
ZIP Area
18,063
Density / Sq Mi
$101,558
Median Household Income
$60,263
Median Earnings
$1,534
Median Rent
$538,300
Median Home Value
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Market
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Frequently Asked Questions
What type of property is this?
Commercial land - Development opportunity in Lakeview with B3-1 zoning and high foot traffic.
Where is this commercial land located?
The property is located at 2311 W Belmont Ave Chicago, IL.
What is the asking price?
The asking price for this property is $859,000.
What are key features of this property?
This property features: Rarely available development opportunity on Belmont Avenue in Lakeview.; In‑place B3‑1 zoning permits 1.2 FAR density with potential for up‑zoning.; Existing curb cut to maximize building footprint design.
