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    1530 Monroe St Chicago, IL 60607

    Sponsored
    For Sale
    $1,875,000

    Prime West Loop location, C2-3 zoning, massive yard.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1530 W Monroe St. property in Chicago's vibrant West Loop offers a unique blend of immediate occupancy and significant long-term development potential. Currently configured as a four-unit residential building, the property sits on a sizable lot boasting an extra-long yard measuring 25 feet wide by 188 feet deep – one of the largest in the West Loop. The existing structure presents an immediate opportunity for owner-occupancy, providing a comfortable single-family home setting. However, the true potential lies in the property's C2-3 zoning classification. This designation allows for the construction of a substantial multi-unit residential building, making this an ideal investment for developers seeking a prime West Loop location with exceptional buildable space. The asking price is $1,875,000. Located in Cook County, Illinois, with a 60607 zip code, this property presents a rare opportunity to combine immediate residential use with future development upside in a highly desirable Chicago neighborhood. The property's address is 1530 W Monroe St, Chicago, IL. This is a land sale.

    Property Features for 1530 Monroe St

    General Information

    Property type
    Land

    HighLights

    • 1530 W Monroe St, Chicago, IL 60607, a four‑unit residential building on a large 25' x 188' lot in the West Loop.
    • Offers immediate owner‑occupancy potential as a single‑family home.
    • C2‑3 zoning allows for substantial multi‑unit residential development.
    • Exceptional buildable space in a prime West Loop location.
    • Asking price: $1,875,000.
    • Land sale in Cook County, IL.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6658505
    Latitude
    41.880385

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    FAQs

    What type of property is this?
    Land - Prime West Loop location, C2-3 zoning, massive yard.
    Where is this land located?
    The property is located at 1530 Monroe St Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,875,000.
    What are key features of this property?
    This property features: 1530 W Monroe St, Chicago, IL 60607, a four-unit residential building on a large 25' x 188' lot in the West Loop.; Offers immediate owner-occupancy potential as a single-family home.; C2-3 zoning allows for substantial multi-unit residential development.
    (773) 755-7906
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    1530 Monroe St Chicago, IL 60607
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    Chicago, IL 60607
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1530 Monroe St Chicago, IL 60607
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