5028 S Throop Street, Chicago, IL 60609

Listing agent Antje Gehrken License #471002284 Show Phone

Listing office A.R.E. Partners Inc. a***@arepartners.com 111 W JACKSON BLVD Suite 170, Chicago, IL Show Phone

Listing date Apr 16, 2026

Report an issue

MLS# 12621187 Listing URL

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

---

Overview

This parcel is located in the New City community of Chicago in the 20th Ward and is zoned RS-3. The property is being sold in an AS IS / WHERE IS condition, with no representations or warranties, and the buyer is responsible for completing all due diligence regarding size, zoning, use, TIF availability, and any other relevant details.

The seller’s remarks indicate the property is in close proximity to a developing mixed commercial area tied to the 47th/Ashland TIF district, where multiple projects are reportedly ongoing. Public transit access is described as nearby CTA bus lines on 51st and along Ashland Avenue.

For builders and investors evaluating residential infill opportunities, the RS-3 zoning provides a clear starting point for determining feasibility and site planning. Prospective buyers should review zoning requirements and any potential TIF-related considerations as part of their underwriting and legal review, since offers will be subject to due diligence and attorney review.

Suggested Use

Real Estate Agency Law Firm Dental Office Skin Care Clinic Gym & Fitness Center HVAC Service Accounting Firm Cafe & Coffee Shop Tech Support Center (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Chicago

County

Cook

State

Illinois

Longitude

-87.657867

Latitude

41.802335

Nearby Similar for Sale

• 

  $1,300,000

  6,400 SF

  Renovated Chicago Industrial Flex Warehouse

  6,400 SF renovated industrial flex warehouse in Chicago for sale.

  3146 W Chicago Avenue, Chicago, IL 60622

  View Details
• 

  $949,000

  4,055 SF

  Turnkey Restaurant Venue with PPA License

  Fully renovated restaurant with licenses and VGT potential in Chicago.

  7455 W Irving Park Road, Chicago, IL 60634

  View Details
• 

  $949,000

  4,055 SF

  Turnkey Restaurant Venue with PPA License

  Fully renovated restaurant with licenses and uncommitted VGT potential.

  7455 W Irving Park Road, Chicago, IL 60634

  View Details
• 

  $949,000

  4,055 SF

  Turnkey Restaurant Venue with Licenses

  Fully renovated restaurant with licenses and residential unit for sale.

  7455 W Irving Park Road, Chicago, IL 60634

  View Details
• 

  $649,000

  2,176 SF

  Turnkey Restaurant Opportunity in Chicago

  Below-market lease in East Lakeview, fully equipped restaurant with assets.

  420 W Belmont Avenue, Chicago, IL 60657

  View Details
• 

  $759,000

  5,000 SF

  Prime Retail Space in Chicago

  Commercial property in a high-traffic retail district.

  4411 N Kedzie Avenue, Chicago, IL 60625

  View Details
• 

  $1,295,000

  9,744 SF

  Chicago Office Building with Parking

  Two-story office building in Chicago's Clearing neighborhood.

  6350 W 63rd Street, Chicago, IL 60638

  View Details
• 

  $1,700,000

  Convenience Store Retail Building with Parking

  Turnkey convenience store in brick masonry with outdoor parking, surveillance, workstations, and restrooms—ready for immediate operation.

  5132 S Racine Avenue, Chicago, IL 60609

  View Details
• 

  $870,000

  7,600 SF

  Prime Development Opportunity on 79th

  19,625 sq ft lot in West Chatham.

  301 W 79th Street, Chicago, IL 60620

  View Details
• 

  $459,000

  3,000 SF

  Chicago Commercial Buildings For Sale

  Three commercial buildings in a busy Chicago neighborhood retail location.

  1753-1759 W 79th Street, Chicago, IL 60620

  View Details
• 

  $625,000

  4,593 SF

  Fulton River District Commercial Loft

  Classic timber loft in Fulton River District, Chicago.

  566 W Lake Street, Chicago, IL 60661

  View Details
• 

  $549,900

  2,806 SF

  Wicker Park Corner Retail Building

  2,806 SF retail building in prime Wicker Park location.

  2357 W North Avenue, Chicago, IL 60647

  View Details

FAQs

What type of property is this?

Residential land & home lot - Land parcel zoned RS-3, suited for residential development with access to CTA bus routes nearby.

Where is this residential land & home lot located?

The property is located at 5028 S Throop Street Chicago, IL.

What is the asking price?

The asking price for this property is Off market.

What are key features of this property?

This property features: Parcel in Chicago’s New City community, 20th Ward; Zoned RS‑3; Close to the 47th/Ashland TIF district area with multiple ongoing projects and mixed commercial use zoning nearby