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2900 North Ave Chicago, IL 60647

OFF-MARKET Land Google Maps
Estimated value
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Property ID

Property summary

AI-generated overview

This exceptional 6,737 sq ft lot, located at 2900 W North Ave in Chicago's vibrant Humboldt Park neighborhood, presents a unique mixed-use development opportunity. Zoned B3-3, it boasts approved permits for a 13-unit building, including 12 residential units and one retail space. Each of the 12 residential units is planned as a spacious two-bedroom, two-bathroom layout ranging from 1100 to 1200 square feet. The retail space is designed at 1688 square feet. The development also includes plans for nine parking spaces. The property measures 49ft x 137.75ft and offers a prime location overlooking Humboldt Park. Please note that a smaller rear garden area is excluded from the sale. Detailed floor plans, a survey, and an offering memorandum are available upon request. The asking price for this remarkable development opportunity is $1,149,500. The Cook County Assessor's Parcel Number (APN) is 13-36-329-043-0000. This is an individual ownership property.

Property profile

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Property type Land

Cap rate & NOI

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

Value estimations

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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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