418 South Central Park Avenue, Chicago, IL 60624

Listing Agency: Spartan Real Estate & Dev.

Listed By: John Parrish · License IL #471005766 Show Phone

Source: Compass

Added: Oct 30, 2024 Changed: Nov 7 Last Checked: Nov 14 at 7:08AM

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Investment Insights

Based on property information with market context.

The property offering includes two parcels suitable for constructing two 8-unit residential buildings. Existing plans are available for development. There are possible grant and TIF opportunities.

Key Highlights

• Opportunity to build two 8‑unit residential buildings (16 units total).
• Includes two parcels of land.
• Existing building plans are available.

Property Analytics

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Open Analytics

Suggested Use

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Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,211

Businesses Nearby

Explore this area Business Placement

Demographics for 60624, IL

37,547

Population

16,250

Households

2.3

Avg Household Size

34

Median Age

13%

College-Educated

77%

High-School Grad

3.5 sq mi

ZIP Area

10,728

Density / Sq Mi

$32,607

Median Household Income

$30,924

Median Earnings

$1,152

Median Rent

$223,200

Median Home Value

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Frequently Asked Questions

What type of property is this?

Residential land & home lot - Two parcels for residential development with existing plans available.

Where is this residential land & home lot located?

The property is located at 418 South Central Park Avenue Chicago, IL.

What is the asking price?

The asking price for this property is $355,000.

What are key features of this property?

This property features: Opportunity to build two 8‑unit residential buildings (16 units total).; Includes two parcels of land.; Existing building plans are available.