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    4918 Diversey Ave Chicago, IL 60639

    Sponsored
    For Sale
    $590,000

    Chicago B1-1 Zoned Vacant Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 9,375 square foot commercial land parcel, located at 4918-22 W Diversey Avenue in Chicago, Illinois, presents a unique investment opportunity. Situated in Cook County, zip code 60639, this property boasts a prime location and is zoned B1-1, allowing for a variety of commercial development possibilities. The lot dimensions measure approximately 75 feet by 125 feet, providing ample space for construction. Currently utilized as a church parking lot, the land is vacant and ready for immediate development, eliminating lengthy delays associated with site preparation. The asking price for this highly desirable property is $590,000. Its strategic location in Chicago offers excellent access to transportation networks and a thriving commercial environment. Prospective buyers are encouraged to conduct a drive-by inspection to assess the site's potential and suitability for their intended project. This is a rare chance to acquire a well-positioned commercial lot in a dynamic Chicago neighborhood. The B1-1 zoning provides flexibility for a range of commercial uses, making this an attractive investment for both developers and entrepreneurs seeking a strategic foothold in the Chicago market. Serious inquiries are welcome.

    Property Features for 4918 Diversey Ave

    General Information

    Property type
    Land

    HighLights

    • Ready for immediate development.
    • B1‑1 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market 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
    -87.749911
    Latitude
    41.93176

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    FAQs

    What type of property is this?
    Land - Chicago B1-1 Zoned Vacant Land
    Where is this land located?
    The property is located at 4918 Diversey Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $590,000.
    What are key features of this property?
    This property features: Ready for immediate development.; B1-1 zoning.;
    (312) 547-9704
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    4918 Diversey Ave Chicago, IL 60639
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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
    4918 Diversey Ave Chicago, IL 60639
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