Property profile

2422 24Th Blvd Chicago, IL 60608

OFF-MARKET
Land
29,500 SF
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Property summary

AI-generated overview

This exceptional 48,194 square foot land parcel presents a significant redevelopment opportunity in Chicago, Illinois. Located at the highly visible intersection of 2422 S California Avenue and 2825 W 24th Boulevard, zip code 60608, this property boasts a strategic location with high traffic counts, making it ideal for a variety of uses. Currently zoned RT-4, the site offers flexibility for adaptive reuse of existing structures or ground-up development. The property encompasses multiple buildings and parking areas, providing options for developers and end-users. The total square footage of the buildings on the site is 29,500 square feet. There is potential for expansion, with the possibility of increasing the total land area to 58,748 square feet. The property is available for occupancy on April 1, 2024. This site is particularly well-suited for a religious facility or other large-scale projects. The price is subject to offer. This is a rare opportunity to acquire a sizable urban land site in a prime Chicago location.

Property profile

Verified
Property type Land
Total area 29,500 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2422 24Th Blvd Chicago, IL 60608
Chicago metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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