Bronzeville Opportunity Zone
For Sale
Contact for pricing
3953 S Michigan Ave, Chicago, IL 60653
Land and building in Bronzeville Opportunity Zone near CTA Green Line.
Property SizeContact for details
Lot Size0.72 Acres
Days on Market1571
Property Features for 3953 S Michigan Ave
General Information
Standard status
Active
Lot size
0.72 Acres
Property subtype
Land
Zoning
M1-3
Listing Agency:
Seneca Real Estate Group
Listed By:
Joe Padorr · License #IL 475142710
(312) 316-2300
Source:
Crexi
Added: May 19, 2022
Changed: Aug 22
Last Checked: Sep 4 at 8:27AM
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 Seneca Real Estate Group
Investment Insights
Based on property information with market context.
This property features land and a building situated within a Bronzeville Opportunity Zone. The site is zoned M1-3, but the city is willing to support a zoning change to B3, which would allow for residential development. The property encompasses approximately 31,200 square feet, equivalent to 0.72 acres. It has dimensions of 195 feet along S. Michigan Avenue and a depth of 160 feet. The property is located adjacent to the CTA Green Line Station at S. Indiana Avenue and E. 40th Street, offering transit-oriented development potential. The offering includes both the building and the land.
Key Highlights
- Large lot: Approx. 31,200 sq ft (.72 acres) with dimensions of 195' x 160'.
- Zoning change potential: City support for rezoning to B3 to allow residential development.
- Excellent location adjacent to CTA Green Line Station at S. Indiana and E. 40th St.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,138
Businesses Nearby
Explore this area
Business Placement
Demographics for 60653, IL
33,146
Population
18,279
Households
1.8
Avg Household Size
37
Median Age
38%
College-Educated
90%
High-School Grad
2.4 sq mi
ZIP Area
13,811
Density / Sq Mi
$39,565
Median Household Income
$49,335
Median Earnings
$856
Median Rent
$347,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Land and building in Bronzeville Opportunity Zone near CTA Green Line.
Where is this commercial land located?
The property is located at 3953 S Michigan Ave Chicago, IL.
What are key features of this property?
This property features: Large lot: Approx. 31,200 sq ft (.72 acres) with dimensions of 195' x 160'.; Zoning change potential: City support for rezoning to B3 to allow residential development.; Excellent location adjacent to CTA Green Line Station at S. Indiana and E. 40th St.
