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    4619 Halsted St Chicago, IL 60609

    Sponsored
    For Sale
    $1,500,000

    45,000 SF Chicago Land, B3-2 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 45,000 square foot land parcel, located at 4619 S Halsted St in Chicago, IL 60609, presents a unique investment opportunity. Zoned B3-2, this property allows for a diverse range of development options. Plans could include up to 45 residential units, with the potential for ground floor retail space. The site comprises 15 individual parcels, offering flexibility in development strategies. There are no attached clauses, ensuring a streamlined acquisition process. The property is immediately available for purchase at an asking price of $1,500,000, translating to $33.33 per square foot. 2022 property taxes totaled $6,110.05. This prime location in Cook County offers excellent access to transportation and amenities, making it an ideal site for a high-density mixed-use development. The substantial lot size and flexible zoning regulations provide developers with significant creative freedom. This is a rare chance to acquire a large, well-situated parcel in a thriving Chicago neighborhood. Serious inquiries only.

    Property Features for 4619 Halsted St

    General Information

    Property type
    Land

    HighLights

    • ±45,000 SF site in Chicago, IL.
    • B3‑2 zoning allows for up to 45 residential units with ground floor retail potential.
    • No attached clauses for streamlined acquisition.
    • Immediately available for $1,500,000 ($33.33/SF).
    • 2022 property taxes: $6,110.05.
    • Comprised of 15 individual parcels.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.645203
    Latitude
    41.810025

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    FAQs

    What type of property is this?
    Land - 45,000 SF Chicago Land, B3-2 Zoning
    Where is this land located?
    The property is located at 4619 Halsted St Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: ±45,000 SF site in Chicago, IL.; B3-2 zoning allows for up to 45 residential units with ground floor retail potential.; No attached clauses for streamlined acquisition.
    Request Owner's contact information
    4619 Halsted St Chicago, IL 60609
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    Chicago, IL 60609
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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
    4619 Halsted St Chicago, IL 60609
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