1530 Monroe St Chicago, IL 60607
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 1530 Monroe St
- Property type
- Commercial real estate
Description
This exceptional 1530 W Monroe St. property in Chicago's vibrant West Loop offers a unique blend of immediate occupancy and significant long-term development potential. Currently configured as a four-unit residential building, the property sits on a sizable lot boasting an extra-long yard measuring 25 feet wide by 188 feet deep – one of the largest in the West Loop. The existing structure presents an immediate opportunity for owner-occupancy, providing a comfortable single-family home setting. However, the true potential lies in the property's C2-3 zoning classification. This designation allows for the construction of a substantial multi-unit residential building, making this an ideal investment for developers seeking a prime West Loop location with exceptional buildable space. The asking price is $1,875,000. Located in Cook County, Illinois, with a 60607 zip code, this property presents a rare opportunity to combine immediate residential use with future development upside in a highly desirable Chicago neighborhood. The property's address is 1530 W Monroe St, Chicago, IL. This is a land sale.
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
- -87.6658505
- Latitude
- 41.880385
