3942 Belmont Ave Chicago, IL 60618-5102

This exceptional 3.89-acre mixed-use development opportunity in Chicago's Avondale neighborhood presents a unique chance to create a vibrant community gateway. Located at the intersection of Belmont Avenue, Pulaski Road, and Milwaukee Avenue, this property offers approximately 169,448 square feet of land zoned B3. The site is ideally suited for a mixed-use development, potentially including apartments, townhomes, retail, and commercial spaces, with ample parking. The project envisions a 300+ unit development with a focus on public open spaces. This redevelopment opportunity benefits from its location within a desirable residential area with a diverse population and a stable, supportive environment. Numerous development incentives are available, including TIF (Fullerton/Milwaukee), New Market Tax Credits, Low Income Housing Tax Credits, ComEd Energy Grant Program, NOF, LIHTC, and Cook County Class L, 7A & 7B. This is a prime investment opportunity for developers seeking to create a thriving community hub in a rapidly growing area of Chicago. The property is available for sale or ground lease. Multiple addresses are included within the site.