Listing Agency: Millennium Properties R/E

Listed By: Susan Silver · License #IL 475136992 Show Phone

Source: Crexi

Added: Nov 13, 2023 Changed: Aug 25 Last Checked: Sep 3 at 3:37AM

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Investment Insights

Based on property information with market context.

Available for sale is a 31,079 square foot land site located in the Jefferson Park neighborhood of Chicago. This buildable lot offers high visibility and can be developed for various commercial uses. A proposed 40-unit mixed-use property with 61 parking spaces is a potential development option. The parcel benefits from convenient access to both public and vehicular transportation. This presents a significant opportunity for investors or developers.

Key Highlights

• Buildable 31,079 sq ft land site in Jefferson Park.
• Potential for a 40‑unit mixed‑use development.
• Includes plans for 61 parking spaces.

Property Analytics

Property Profile

Current Use

Commercial land

Suggested Use

Top Pick Food Market Cafe & Coffee Shop Grocery & Convenience Store Acupuncture Restaurant Furniture & Home Goods

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

1,126

Businesses Nearby

Explore this area Business Placement

Demographics for 60646, IL

28,383

Population

11,636

Households

2.4

Avg Household Size

44

Median Age

58%

College-Educated

95%

High-School Grad

4.4 sq mi

ZIP Area

6,451

Density / Sq Mi

$111,115

Median Household Income

$66,105

Median Earnings

$1,241

Median Rent

$493,600

Median Home Value

Questions? Ask Rey

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What type of property is this? Where is this commercial land located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Commercial land - 31,079 sq ft land site in Jefferson Park.

Where is this commercial land located?

The property is located at 5700 N Central Ave Chicago, IL.

What is the asking price?

The asking price for this property is $3,000,000.

What are key features of this property?

This property features: Buildable 31,079 sq ft land site in Jefferson Park.; Potential for a 40‑unit mixed‑use development.; Includes plans for 61 parking spaces.