1247 Clybourn Ave Chicago, IL 60610
This exceptional 2,750 square foot commercial lot presents a unique investment opportunity in Chicago's vibrant Clybourn Corridor. Located at 1247 N Clybourn Ave, in the desirable 60610 zip code of Cook County, Illinois, this property is zoned M1-2, offering a range of potential development options. The asking price is $325,000. The lot's size and zoning provide significant flexibility for developers seeking to capitalize on the area's ongoing growth and transformation. Its convenient location within the Clybourn Corridor places it within easy reach of various amenities and transportation links, enhancing its appeal and potential for future returns. The property's APN is 17-04-143-058. Given the diverse zoning classifications in the immediate vicinity, this site is well-suited for a variety of projects, making it an attractive proposition for both experienced developers and those with innovative visions for the area. The property's strategic location and zoning potential make it an ideal platform for a small-scale development project, promising substantial returns on investment. This is a rare opportunity to acquire a well-positioned lot in a rapidly developing area of Chicago.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.