3243 California Ave Chicago, IL 60618
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 3243 California Ave
- Property type
- Commercial real estate
Description
This exceptional 2.09-acre vacant land parcel presents a remarkable development opportunity in Chicago's vibrant Avondale neighborhood. Located at 3229-3243 N. California Avenue, this property boasts approximately 91,019 square feet of buildable land, offering significant frontage of roughly 378 feet on California Avenue and 125 feet on Melrose Street. Currently unimproved, the site is zoned M1-1 and M2-2, allowing for a diverse range of development possibilities. Ideal for projects encompassing multifamily residential (townhomes, apartments, condos, or single-family homes), retail, or industrial uses, this high-profile location sits amongst existing retail and multifamily properties, reflecting the neighborhood's ongoing transformation. The property's strategic location and zoning regulations create a compelling investment opportunity for developers seeking a prime site in a rapidly evolving area of Chicago. Flexible deal structures are available, including outright sale, built-to-suit arrangements, and joint venture partnerships. This is a rare chance to acquire a substantial development site in a dynamic and desirable Chicago neighborhood. The Cook County location and 60618 zip code further enhance the property's appeal. This property is situated at latitude 41.9411167 and longitude -87.6973915.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6973915
- Latitude
- 41.9411167
