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3234 North Ave Chicago, IL 60647

OFF-MARKET Land Google Maps
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional Chicago property presents a unique investment opportunity. Encompassing two lots totaling 11,900 square feet, this site boasts a prime location on heavily trafficked North Avenue (IL Route 64), averaging 24,600 vehicles daily. The property includes a 3,300 square foot Art Deco building, originally a theater, featuring soaring 20+ foot ceilings, and designated parking for 26 vehicles. The lots, measuring 6,676 square feet (49' x 136.24') and 5,190 square feet (29.30' x 177.14'), are zoned B3-2 and RS-3, allowing for diverse development options, including commercial, mixed-use, and multi-family residential projects. Situated in the vibrant Humboldt Park neighborhood, this location benefits from a densely populated community and convenient access to public transportation. The existing building offers potential for adaptive reuse as a religious facility, restaurant/bar, or cultural/social organization. This property offers significant redevelopment potential in a thriving area with high visibility and strong traffic counts. Detailed surveys and additional property information are available upon request. The asking price is $1,050,000.

Property profile

Verified
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

Current use

Occupant on record · Public records
  • Social Service Agency

Value estimations

Realmo proprietary · 4 methods
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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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