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Commercial Land with Redevelopment Potential
New
For Sale
$675,000

446 N Pine Avenue, Chicago, IL 60644

MULTI-zoned site with an existing structure, improved roof, and interior framing already in place.

Property SizeContact for details
Days on Market4

Property Features for 446 N Pine Avenue

General Information

Standard status Active
Property subtype Commercial
Zoning MULTI

Taxes and HOA fees

Annual Taxes $7,893

Building Details

Year Built 1898
Stories 3
Units 6
Listing Agency: eXp Realty
Listed By: Cesar DeSouza · License #475180218
Source: Ozmentrealestate
Added: Aug 17 Changed: Aug 18 Last Checked: Aug 19 at 2:33PM

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 eXp Realty

Investment Insights

Based on property information with market context.

This commercial land offering includes two separate PINs and an existing structure that has undergone substantial improvements. A new roof is in place, while the interior has been fully gutted and reframed, creating a partially completed foundation for the next phase of work. The property is zoned MULTI and the planned development described for the site allows for up to 14 residential units, subject to buyer verification of zoning, permitted uses, and development requirements.

The Chicago property is positioned near public transportation, major expressways, shopping, dining, parks, and schools. Its setting also provides access to downtown Chicago and surrounding neighborhoods. The combination of an improved existing structure, two PINs, and documented residential development capacity supports continued evaluation for redevelopment or completion of the current interior buildout.

Key Highlights

  • Two separate PINs included in the sale
  • MULTI zoning with development described for up to 14 residential units
  • Existing structure has a brand‑new roof

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Law Firm Skin Care Clinic Parking Lot & Garage Acupuncture (Bike/Boat/Book/etc) Store

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

1,359
Businesses Nearby

Demographics for 60644, IL

47,239
Population
20,619
Households
2.3
Avg Household Size
36
Median Age
11%
College-Educated
85%
High-School Grad
3.5 sq mi
ZIP Area
13,497
Density / Sq Mi
$37,952
Median Household Income
$31,304
Median Earnings
$1,096
Median Rent
$238,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - MULTI-zoned site with an existing structure, improved roof, and interior framing already in place.
Where is this commercial land located?
The property is located at 446 N Pine Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Two separate PINs included in the sale; MULTI zoning with development described for up to 14 residential units; Existing structure has a brand‑new roof
More about this property
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